DGAP-News: CONSUS Real Estate AG: CONSUS successfully closes the Leipzig 416 transaction and takes important step in deleveraging programme
DGAP-News: Consus Real Estate AG / Key word(s): Real Estate/Financing
The Leipzig 416 project transaction has successfully completed, securing the future development of this key development quarter in Leipzig. Starting in 2016, CG Gruppe AG acquired properties which were previously used by the railway network around Delitzscher Straße in Leipzig and started the development planning of this area with the vision to create a completely new mixed-use quarter in this area of the city. CONSUS Real Estate AG ("CONSUS"), through its subsidiary CG Gruppe, will continue to be involved in the development process working closely with the Austrian real estate development company, which acquired the project.
The sales price for the project will be paid in stages, with the largest portion now paid, and the remaining amount to be paid on achieving certain milestones in 2019 and 2020. The proceeds from the first payment will reduce net debt significantly, of which the majority is high-cost mezzanine and junior debt. The terms of the transaction are confidential.
Anette von Zitzewitz
phone +49 171 2432736
15.07.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||CONSUS Real Estate AG|
|Phone:||+49 (0)30 965 357 90 300|
|Listed:||Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Munich (m:access), Stuttgart, Tradegate Exchange|
|EQS News ID:||841077|
|End of News||DGAP News Service|