PRESS RELEASE
from Deutsche Konsum REIT-AG (isin : DE000A14KRD3)
EQS-Adhoc: Deutsche Konsum REIT-AG: Deutsche Konsum REIT-AG sells sub-portfolio and reduces financial liabilities
EQS-Ad-hoc: Deutsche Konsum REIT-AG / Key word(s): Disposal
Deutsche Konsum REIT-AG: Deutsche Konsum REIT-AG sells sub-portfolio and reduces financial liabilities
28-March-2024 / 14:25 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Potsdam, 28 March 2024 – The Management Board of Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) today notarised the sale of a sub-portfolio.
The sub-portfolio consists of 14 retail properties with an annual rent of around EUR 5.5 million. The properties were sold at a discount of around 3.8% on the current IFRS carrying amounts.
DKR expects to be able to complete the transaction by June 2024. The Company will use the liquidity released by the sale of the properties in full to repay bank and bond liabilities.
Contact:
Deutsche Konsum REIT-AG
Christian Hellmuth
CFO
Marlene-Dietrich-Allee 12b
14482 Potsdam
Phone: +49 331 74 00 76 517
Fax: +49 331 74 00 76 599
E-Mail: ch@deutsche-konsum.de
The sub-portfolio consists of 14 retail properties with an annual rent of around EUR 5.5 million. The properties were sold at a discount of around 3.8% on the current IFRS carrying amounts.
DKR expects to be able to complete the transaction by June 2024. The Company will use the liquidity released by the sale of the properties in full to repay bank and bond liabilities.
Contact:
Deutsche Konsum REIT-AG
Christian Hellmuth
CFO
Marlene-Dietrich-Allee 12b
14482 Potsdam
Phone: +49 331 74 00 76 517
Fax: +49 331 74 00 76 599
E-Mail: ch@deutsche-konsum.de
End of Inside Information
28-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Deutsche Konsum REIT-AG |
| Marlene-Dietrich-Allee 12b | |
| 14482 Potsdam | |
| Germany | |
| Phone: | +49 (0)331 740076517 |
| Fax: | +49 (0)331 740076599 |
| E-mail: | ch@deutsche-konsum.de |
| Internet: | www.deutsche-konsum.de |
| ISIN: | DE000A14KRD3 |
| WKN: | A14KRD |
| Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange; JSE Securities Exchange |
| EQS News ID: | 1869967 |
| End of Announcement | EQS News Service |
1869967 28-March-2024 CET/CEST