Deutsche Konsum REIT-AG / DE000A14KRD3

Deutsche Konsum REIT-AG: Deutsche Konsum REIT-AG sells sub-portfolio and reduces financial liabilities

EQS-Ad-hoc: Deutsche Konsum REIT-AG / Key word(s): Disposal


28-March-2024 / 14:25 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Potsdam, 28 March 2024 – The Management Board of Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) today notarised the sale of a sub-portfolio.

The sub-portfolio consists of 14 retail properties with an annual rent of around EUR 5.5 million. The properties were sold at a discount of around 3.8% on the current IFRS carrying amounts.

DKR expects to be able to complete the transaction by June 2024. The Company will use the liquidity released by the sale of the properties in full to repay bank and bond liabilities.

Contact:
Deutsche Konsum REIT-AG
Christian Hellmuth
CFO
Marlene-Dietrich-Allee 12b
14482 Potsdam

Phone: [phone]
Fax:       [phone]
E-Mail: [e-mail]

 

End of Inside Information

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28-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	Deutsche Konsum REIT-AG
	Marlene-Dietrich-Allee 12b
	14482 Potsdam
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.deutsche-konsum.de
ISIN:	DE000A14KRD3
WKN:	A14KRD
Listed:	Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange; JSE Securities Exchange
EQS News ID:	1869967

End of Announcement	EQS News Service

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1869967  28-March-2024 CET/CEST