DGAP-News: CPI PROPERTY GROUP - Increase of Bank Financing in Berlin
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Monday, July 20, 2020
CPI PROPERTY GROUP (hereinafter "CPIPG", or together with its subsidiaries the "Group"), is pleased to announce the completion of a bank financing by the Group's subsidiary, Gewerbesiedlungs-Gesellschaft mbH ("GSG").
Key Points:
- CPI PROPERTY GROUP (hereinafter "CPIPG", or together with its subsidiaries the "Group"), is pleased to announce the completion of a bank financing by the Group's subsidiary, Gewerbesiedlungs-Gesellschaft mbH ("GSG").
- The new bank financing will be provided by Berlin Hyp and will increase the original loan from Berlin Hyp in 2017 by 259 million to a total of 750 million.
- "This financing reflects the quality of GSG's assets and deepens our relationship with Berlin Hyp," said Oliver Schlink, CFO of GSG.
- For more on CPI PROPERTY GROUP, visit our website: www.cpipg.com
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