Godewind Immobilien AG successfully secures financing for the City Gate office building in Frankfurt
- Interest-only loan agreement for a total of EUR 56 m signed
- 7 year term; 1.12 percent interest rate
- Godewind's portfolio now fully closed
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
With the closing of the City Gate, all financing for the current Godewind portfolio comprising 10 office complexes has now been completed and all properties have been transferred to Godewind.
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
Godewind Immobilien AG, headquartered in Frankfurt am Main, is a company specialising in German office properties. The company's focus is on creating and expanding an attractive real estate portfolio in Germany's growth centres. As an active portfolio and asset manager, Godewind strives for sustainable increases in earnings and income, which are supplemented by regularly increasing upside potential. Godewind currently has an office property portfolio totalling around EUR 950 million. In the medium term, the aim is to create a commercial real estate portfolio of around EUR 3 billion with the help of a wide-ranging network and by means of value-added acquisitions.
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 .
Contact Details
Investor Relations Contact
Gunnar Janssen
Godewind Immobilien AG
Phone 32 13
E-mail
Press Contact
Jan Hutterer
Kirchhoff Consult AG
Phone 65
E-mail
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