DGAP-News: Godewind Immobilien AG / Key word(s): Financing/Real Estate
07.05.2019 / 07:35
Godewind Immobilien AG successfully concludes financing for office properties in Frankfurt and Munich
Frankfurt am Main, 7 May 2019 – Godewind Immobilien AG (ISIN: DE000A2G8XX3, trading symbol: GWD, Godewind), a company specializing in German office real estate, has signed three more loan agreements with a volume of EUR 76 million for the last three unleveraged assets in the office real estate portfolio. The loans serves to finance the properties ‘Y2’ in Frankfurt as well as ‘sunsquare’ and ‘Eight Dornach’ in Greater Munich, which were acquired for a total net purchase price of EUR 112.5 million. Last on 2 May this year another loan agreement with a volume of EUR 92 million for the ‘Quartier am Zeughaus’ in Hamburg was reported.
Favorable financing costs
All current properties of Godewind funded and closed
Godewind will continue to optimize its existing assets and to further expand its portfolio of commercial properties. With a vacancy rate in the overall portfolio of currently around 26 percent, which corresponds to an area of around 70,000 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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|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:||807693|
|End of News||DGAP News Service|