DGAP-News: Godewind Immobilien AG / Key word(s): Financing/Real Estate
30.08.2019 / 13:55
Godewind Immobilien AG successfully secures financing for the City Gate office building in Frankfurt
Frankfurt am Main, 30 August 2019 – Godewind Immobilien AG (ISIN: DE000A2G8XX3, ticker symbol: GWD, Godewind), a company specialising in German office properties, has signed another credit agreement for a total of EUR 56 million for the last asset in its office property portfolio not yet leveraged. The loan is for the financing of the City Gate property in Frankfurt, which was purchased for the net amount of EUR 85 million.
All of Godewind’s current properties now financed and closed
The company will further optimise its existing assets and expand its portfolio of commercial properties organically. With a vacancy rate of currently around 13 percent, which can still be let, the portfolio continues to show significant organic value growth potential.
About Godewind Immobilien AG
Based on internal portfolio and asset management, Godewind Immobilien AG will manage commercial properties cost effectively, conclude long-term tenancy agreements and thus increase the value of the company. The company has loss carryforwards for corporation and trade tax and a tax deposit account. The Godewind Immobilien AG share is traded in the Prime Standard segment of the Frankfurt Stock Exchange (RWB). For further 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:||866393|
|End of News||DGAP News Service|