DGAP-News: Godewind Immobilien AG / Key word(s): Financing/Real Estate
02.05.2019 / 07:45
Godewind Immobilien AG successfully concludes financing and closing for office-complex Quartier am Zeughaus in Hamburg
Frankfurt am Main, 2 May 2019 – Godewind Immobilien AG (ISIN: DE000A2G8XX3, trading symbol: GWD, Godewind), a company specializing in German office real estate, has signed another loan agreement with a volume of EUR 92 million. The loan with a total term of five years serves to finance the office complex Quartier am Zeughaus in Hamburg in the district Eppendorf. It was acquired for a net purchase price of EUR 153 million. Last on 15 April this year another loan agreement with a volume of EUR 80 million for the ‘Herzogterrassen’ in Dusseldorf was signed.
Favorable financing costs of around 1,20 percent
Market environment on the capital market opens up additional potential for further attractive financing
All transactions have now been closed. The ‘ComConCenter’ in Frankfurt was already closed on 31 October last year, the ‘Airport Business Center’ in Dusseldorf on 30 November 2018, the sunsquare near Munich on 15 December 2018 and the Frankfurt Airport Center on 28 December 2018. The Pentahof in Hamburg and the Eight Dornach near Munich were closed on 31 January, the Y2 in Frankfurt on 13 February and the Herzogterrassen on 15 April this year.
Following the acquisitions to date, Godewind is now optimizing its existing assets and plans to further expand its portfolio of commercial properties. With a purchased vacancy rate in the overall portfolio of currently around 28 percent, which corresponds to an area of around 75,500 square metres, the portfolio has significant organic value growth potential.
About Godewind Immobilien AG
Based on its internal portfolio and asset management, Godewind Immobilien AG will manage commercial properties cost-effectively, enter into long-term tenancy agreements and thus increase its enterprise value. The company has tax loss carry-forwards for corporation and trade tax, as well as a tax-free capital reserve. The shares in Godewind Immobilien AG are traded in the Prime Standard segment on the Frankfurt Stock Exchange (XETRA).
For more information, please visit https://www.covivio-office-ag.com
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This announcement is for information purposes only and does not constitute or should not be construed as an offer to sell or subscribe for, or an offer to sell or subscribe for, or an invitation to make an offer to buy or subscribe for, or an invitation to make an offer to buy or subscribe for, any common stock of Godewind Immobilien AG (the “Company” and such shares, the “Shares”) in the United States of America or any other jurisdiction.
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|Company:||Godewind Immobilien AG|
|60329 Frankfurt am Main|
|Phone:||+49 (0) 69 2713973213|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||805829|
|End of News||DGAP News Service|