R. Stahl AG
R. Stahl AG: R. STAHL reaffirms its long-term commitment to the economic region Hohenlohe through the restructuring of the leasing contract for the buildings at its Waldenburg site
DGAP-News: R. Stahl AG
/ Key word(s): Real Estate/Contract
R. STAHL reaffirms its long-term commitment to the economic region Hohenlohe through the restructuring of the leasing contract for the buildings at its Waldenburg site Waldenburg, 16 January 2020 – R. STAHL, leading supplier of products and systems for explosion protection, has restructured the leasing contract for the buildings at its largest site in Waldenburg long-term until 2038. This reaffirms the company’s commitment to the region and creates planning reliability for future growth. The previous leasing contract that was signed in 2000 with Abraxas Grundstücksverwaltungsgesellschaft mbH & Co. Vermietungs KG had an initial term until 2023 with the option to buy the buildings afterwards. The newly concluded agreement extends the leasing term until 2038, including again a buy option afterwards. The new contractual conditions, which also reflect the current situation at the debt and real estate markets, also have a positive effect on future earnings and balance sheet itmes: Compared to FY2019, the annual leasing expenses will decline by low single-digit million Euros from 2024 onwards. Forward-looking statements The contents of this press release are intended to address all genders. For the sake of readability and without any intent to discriminate, only the male form is used. Contact: Tel. +49 7942 943-1395
16.01.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | R. Stahl AG |
Am Bahnhof 30 | |
74638 Waldenburg | |
Germany | |
Phone: | +49 (7942) 943-0 |
Fax: | +49 (7942) 943-4333 |
E-mail: | investornews@stahl.de |
Internet: | www.r-stahl.com |
ISIN: | DE000A1PHBB5 |
WKN: | A1PHBB |
Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange |
EQS News ID: | 954495 |
End of News | DGAP News Service |