Deutsche Industrie REIT : refinances eleven properties with EUR 42 million in bank loans

DGAP-News: Deutsche Industrie REIT-AG / Key word(s): Financing Deutsche Industrie REIT-AG refinances eleven properties with EUR 42 million in bank loans 10.04.2019 / 07:25 The issuer is solely responsible for the content of this announcement. Deutsche Industrie REIT-AG refinances eleven properties with EUR 42 million in bank loans Rostock, April 10, 2019 - Deutsche Industrie REIT-AG (ISIN DE000A2G9LL1) has refinanced eleven of its properties by taking out a loan of EUR 42 million. The loan has a maturity and fixed interest rate of ten years with an interest rate of 2.01% and is secured by corresponding land charges. The eleven objects are production and logistics properties spread throughout Germany, as well as industrial parks. This mixture represents examplarily the portfolio of the DIR. As a result of the new loan, the share of banks and savings banks in total debt financing will increase to 36%, the remainder being accounted for by the secured bond. The average interest rate decreases to 3.33%. The average residual maturity increases to 6.6 years. "This is another important step in building our financing structure, and we are pleased to continue expanding the relationship with one of our banking partners," commented CFO René Bergmann on the transaction. The funds released will be used for further growth through the purchase of Light Industrial real estate. Currently, the company is already in promising negotiations to acquire new properties. Deutsche Industrie REIT-AG: Deutsche Industrie REIT-AG invests sustainably in Light-Industrial real estate in Germany. In addition to the activities of warehousing and distribution of goods, Light Industrial also covers their administration and production. The asset class consists mainly of medium to large industrial and commercial park areas. The areas are usually more complex than pure logistics real estate and have a high local relevance. The share is listed on the regulated market of Berlin Stock Exchange and in the Prime Standard of the Frankfurt Stock Exchange. Since the beginning of 2018, the company has been granted the status of a real estate investment trust (REIT) and the related income tax exemption. Contact: Deutsche Industrie REIT-AG Mr René Bergmann Chief Financial Officer August-Bebel-Str. 68 14482 Potsdam Tel. [phone] 10.04.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Deutsche Industrie REIT-AG
	August-Bebel-Str. 68
	14482 Potsdam
	Germany
Phone:	[phone] - 0
Fax:	+49 331 / 740 076 520
E-mail:	[e-mail]
Internet:	http://www.deutsche-industrie-reit.de
ISIN:	DE000A2G9LL1, DE000A2GS3T9
WKN:	A2G9LL, A2GS3T
Listed:	Regulated Market in Berlin, Frankfurt (Prime Standard)
EQS News ID:	797843

End of News	DGAP News Service

797843  10.04.2019