|
EQS-News: Branicks Group AG
/ Key word(s): Real Estate/Miscellaneous
Branicks Group AG: Early repayment of a further EUR 100 million promissory note loan Frankfurt am Main, March 27, 2025 Press release of the Branicks Group AG Branicks Group AG: Early repayment of a further 100 million promissory note loan
Frankfurt, 27.03.2025 - Branicks Group AG (Branicks), ISIN: DE000A1X3XX4, today took another important step towards reducing its debt and repaid EUR 100 million in liabilities from promissory note loans ahead of schedule. A further EUR 15 million had already been repaid to the promissory note lenders in the first quarter of 2025. This means that EUR 115 million of the promissory note loans due for repayment in 2025 have already been repaid. "With the repayment of a further EUR 100 million of our promissory note loans, we have taken the next major consolidation step towards reducing our debt. Following the previous repayment of EUR 15 million in promissory note loans, we are still fully on track to reduce our debt. We also intend to repay the remaining promissory note loans due in 2025 on schedule and on time. In addition, we have already successfully refinanced the real estate bank loan due in the first quarter," said Sonja Wärntges, CEO and CFO of Branicks Group AG.
About Branicks Group AG: The Commercial Portfolio segment comprises real estate held for our own account. Here, we generate cash flows from stable rent revenues on long-term leases while also optimizing the value of our portfolio assets through active management and realizing gains from sales. In the Institutional Business segment, we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment products that return attractive dividend yields. The shares of Branicks Group AG are listed in the Prime Standard of the German Stock Exchange (WKN: A1X3XX / ISIN: DE000A1X3XX4). The company is fully committed to sustainability and occupies top positions in ESG-relevant ratings such as Morningstar Sustainalytics and S&P Global CSA. The Branicks Group is also a signatory to the UN Global Compact and the UN PRI network. Properties in the Branicks portfolio have been awarded renowned sustainability certificates such as DGNB, LEED or BREEAM. For more details, go to PR Contact Branicks Group AG: Stephan Heimbach Neue Mainzer Strasse 32-36 D-60311 Frankfurt am Main Phone 1569
IR Contact Branicks Group AG: Jasmin Dentz Neue Mainzer Strasse 32-36 D-60311 Frankfurt am Main Phone 1492
27.03.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | Branicks Group AG |
| Neue Mainzer Straße 32-36 | |
| 60311 Frankfurt am Main | |
| Germany | |
| Phone: | 1492 |
| Fax: | 9399 |
| E-mail: | |
| Internet: | |
| ISIN: | DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9 |
| WKN: | A1X3XX, A12T64, A2GSCV, A2NBZG |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange |
| EQS News ID: | 2106912 |
| End of News | EQS News Service |
|
|
2106912 27.03.2025 CET/CEST
