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DGAP-News: PREOS Real Estate AG receives extensive financing framework from Hamburg Commercial Bank (HCOB)

DGAP-News: PREOS Real Estate AG / Key word(s): Financing/Real Estate


PREOS Real Estate AG receives extensive financing framework from Hamburg Commercial Bank (HCOB)


09.04.2019 / 08:00



The issuer is solely responsible for the content of this announcement.


Press Release

PREOS Real Estate AG receives extensive financing framework from Hamburg Commercial Bank (HCOB)

- Financing partnership includes refinancing of the existing portfolio and financing of further portfolio growth

- Strategic flexibility to respond to market opportunities increased

- Significant enhancement of financing terms


Leipzig, 09 April 2019 - PREOS Real Estate AG ("PREOS", ISIN DE000A2LQ850), an active real estate investor focused on office properties, has entered into a comprehensive financing agreement with Hamburg Commercial Bank AG ("HCOB"). The volume amounts currently to around EUR 70 million based on attractive terms. The funds are to be used on the one hand to replace existing financings of the current real estate portfolio and for the further expansion of the property portfolio of PREOS.
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