on Mainvestor GmbH / MAGNAT Real Estate Opportunities GmbH & Co (isin : DE000A0XFSF0)
DEMIRE Fails to Secure Loan Agreement, Files for Insolvency
DEMIRE Deutsche Mittelstand Real Estate AG announced that it has been unable to reach an agreement with DZ HYP AG regarding a crucial loan to finance the Limes portfolio. Consequently, insolvency applications have been filed for the four property companies involved.
The loan of approximately EUR 82 million, intended to finance the Limes portfolio, became due on 30 June 2024. Despite intensive discussions, no agreement on a standstill or an orderly loan repayment could be reached. The insolvency applications are imminent for the affected property companies.
Contact for further information includes Julius Stinauer, Head of Investor Relations & Corporate Finance at DEMIRE, available at +49 6103 372 4944 or via email at stinauer@demire.ag.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Mainvestor GmbH / MAGNAT Real Estate Opportunities GmbH & Co news