Brief: DEMIRE Reduces Average Costs Of Funding By 25 Bps

Demire Deutsche Mittelstand Real Estate AG

01/07/2019 07:02

July 1 (Reuters) - Demire Deutsche Mittelstand Real Estate
AG  DMRE.DE :
    * DGAP-NEWS: DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE AG:
DEMIRE
REDUCES AVERAGE COSTS OF FUNDING BY 25 BPS
    * AVERAGE FINANCING COSTS DROP 25 BASIS POINTS TO 2.75 %
    * FINANCES PORTFOLIO ACQUISITION WITH A MAJOR GERMAN
MORTGAGE BANK
    * HAS FINANCED RECENTLY ACQUIRED OFFICE PROPERTIES IN ESSEN,
ASCHHEIM AND COLOGNE WITH A LOAN OF ABOUT EUR 102 MILLION FROM A
MAJOR GERMAN MORTGAGE BANK
    * DISBURSEMENT OF LOAN WAS MADE IN JUNE
    * FAVOURABLE FINANCING CONDITIONS WHICH INCLUDE A TERM OF
FIVE
YEARS, IMPROVES DEMIRE'S FINANCING PROFILE

Source text for Eikon:  ID:nEQ7nhlzza 
Further company coverage:  DMRE.DE 

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