DGAP-News: Consus Real Estate AG: Consus Real Estate continuing reducing cost of borrowing and streamlining Group structure
Consus Real Estate AG ("Consus", ISIN DE000A2DA414, CC1), a leading property developer in Germany's top 9 cities, today released its figures for the first nine months of 2020.
DGAP-News: CONSUS Real Estate AG / Key word(s): Quarterly / Interim Statement Consus Real Estate AG: Consus Real Estate continuing reducing cost of borrowing and streamlining Group structure 27.11.2020 / 22:17 The issuer is solely responsible for the content of this announcement. Consus Real Estate continuing reducing cost of borrowing and streamlining group structure Theo Gorens, member of the Management Board of Consus, comments: "In face of the Covid-19 pandemic, we successfully achieved important strategic and operating milestones in the first nine months of 2020, in particular optimizing our development portfolio, streamlining our group structure and significantly reducing our cost of borrowing by substantially refinancing expensive mezzanine debt." Resilient Q3 performance of the business despite Covid-19 Closing of acquisition of large-scale Düsseldorf project Execution of ADO Properties call option On 29 June 2020, ADLER Group S.A. (formerly ADO Properties S.A.) ("ADLER") announced that it had exercised its call option to acquire control of Consus followed by an announcement on 6 July 2020 that they had successfully closed the call option and acquired control with a current stake of approx. 65%. Streamlining of Group structure Coronavirus update Contact
27.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | CONSUS Real Estate AG |
Kurfürstendamm 188-189 | |
10707 Berlin | |
Germany | |
Phone: | +49 (0)30 965 357 90 300 |
E-mail: | [email protected] |
Internet: | www.consus.ag |
ISIN: | DE000A2DA414 |
WKN: | A2DA41 |
Listed: | Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Munich (m:access), Stuttgart, Tradegate Exchange |
EQS News ID: | 1151307 |
End of News | DGAP News Service |
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1151307 27.11.2020