Repricing of promissory notes for Deutsche Konsum REIT-AG

Sector(s)
Industrials
Deal type
Debt Advisory
Date
June 2021
Countries involved
Germany

Client

The investment focus of Deutsche Konsum REIT-AG is on retail properties of daily needs in established micro-locations in regional and medium-sized cities in Germany

Deal

Capitalmind assisted Deutsche Konsum REIT-AG on the repricing of promissory notes

Parties

Lead team

  • Torsten Aul

    Torsten Aul

    Partner Germany

About the deal

Founded in 2008 and a REIT since 2016, Deutsche Konsum REIT-AG sustainably invests in German retail properties with tenants of daily needs supplies in established micro locations away from top cities. With this strategy the company generates attractive, robust and income tax exempted yields which will be distributed as dividends.

Listed in December 2015 on the Berlin Stock Exchange and since March 2017 listed in the Prime Standard of Deutsche Boerse AG.

As of June 2021, the real estate portfolio comprises 174 properties with a commercial area of >1,000,000 m² and a portfolio value of EUR 1,000 million.

The repricing leads to a significant reduction in interest expenses.

Capitalmind supported the management team throughout the whole process and ensured a time-efficient procedure.

What we did

Capitalmind advised the company’s management board on structuring the financing and coordinated the entire financing process. In addition, we actively supported Deutsche Konsum REIT-AG in the preparation of the necessary documents. We advised our client in the negotiations with potential financing partners from the first contact to the closing with the optimal partner.