Deutsche Konsum REIT-AG Secures Bridge Financing and Announces Board Changes

Deutsche Konsum REIT-AG, based in Potsdam, Germany, has finalized a bridge financing agreement at an interest rate of 5.5% per annum. This agreement, endorsed by the Supervisory Board, is supported by creditors' commitments. The financing aims to facilitate the preparation of a restructuring plan, scheduled for completion by 30 May 2025. The company plans to negotiate repayments of financial obligations due this year with creditors.

Additionally, changes are anticipated in the Supervisory Board. Daniel Löhken, a real estate expert, is expected to be elected as the new chairman following the annual general meeting on 1 April 2025. Current members, Rolf Elgeti and Antje Lubitz, have announced they will not seek reelection.