PREOS Global Office Real Estate & Technology AG
PREOS Real Estate AG: Financing with Helaba of EUR 200 million for portfolio expansion
DGAP-News: PREOS Real Estate AG
/ Key word(s): Financing/Real Estate
PREOS Real Estate AG: Financing with Helaba of EUR 200 million for portfolio expansion – Helaba provides EUR 133 million for the purchase of WestendCarree in Frankfurt am Main and EUR Leipzig, February 11, 2020 – PREOS Real Estate AG (“PREOS”, ISIN DE000A2LQ850) can announce the conclusion of a financing with Helaba in the total amount of EUR 200 million. Of this volume, EUR 133 million was provided for the purchase of WestendCarree in Frankfurt am Main and EUR 67 million for the acquisition of Sky Germany’s headquarters in Unterföhring near Munich. Helaba always maintains long-term customer relationships based on partnership and has already signalled its intention to support the purchase of further properties as a financing partner. Helaba’s capital tranche that has now been paid represents the final debt capital portion for both the purchase of the approx. 30,550 square metre WestendCarree and the Sky Deutschland headquarters with a rental area of around 30,000 square metres. The closing of both transactions has now already taken place; details of the purchase prices of the properties have not been disclosed. Frederik Mehlitz, CEO of PREOS Real Estate AG: “We are pleased that Helaba is another renowned financing partner. This is an important step to support the growth of the portfolio. The goal remains to acquire properties for up to EUR 2 billion in 2020 and to rapidly expand the own portfolio, which now has a volume of EUR 1.1 billion”. About PREOS Real Estate AG About Helaba Investor & Public Relations
11.02.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | PREOS Real Estate AG |
Landsteinerstraße 6 | |
04103 Leipzig | |
Germany | |
Phone: | 0341 261787790 |
E-mail: | info@preos.de |
Internet: | www.preos.de |
ISIN: | DE000A2LQ850 |
WKN: | A2LQ85 |
Listed: | Regulated Unofficial Market in Frankfurt, Munich |
EQS News ID: | 972553 |
End of News | DGAP News Service |