ESPG

EQS-News: ESPG AG: Bondholders' vote approves precautionary covenant waiver and potential bond increase

Retrieved on: 
Wednesday, April 10, 2024
Total, Federal Gazette, Science, ESPG, Security (finance)

Cologne, 21 March 2024: The bondholders of the European Science Park Group, a real estate company specialising in science parks, have almost unanimously approved the precautionary covenant waiver and a potential bond increase with a large majority of over 99.9 % in the written voting procedure.

Key Points: 
  • Cologne, 21 March 2024: The bondholders of the European Science Park Group, a real estate company specialising in science parks, have almost unanimously approved the precautionary covenant waiver and a potential bond increase with a large majority of over 99.9 % in the written voting procedure.
  • With their strong support, the bondholders are backing further business development and are providing the Management Board with long-term planning security.
  • Ralf Nöcker, Management Board Member of ESPG AG: “We have had an active and constructive dialogue with our creditors in recent weeks.
  • The resolutions adopted will be published on the ESPG website today and in the Federal Gazette in the coming days.

EQS-News: ESPG bond: More than 50% of bondholders have registered for written voting procedure – voting period is LIVE as of now

Retrieved on: 
Wednesday, April 10, 2024
LTV, Federal Gazette, LIVE, Science, ESPG, Security (finance)

Cologne, 18 March 2024: The European Science Park Group (ESPG), a real estate company specialising in science parks, is very pleased to confirm that more than 50% of all bondholders have registered for the written voting procedure.

Key Points: 
  • Cologne, 18 March 2024: The European Science Park Group (ESPG), a real estate company specialising in science parks, is very pleased to confirm that more than 50% of all bondholders have registered for the written voting procedure.
  • This sets ESPG right on track to reach the respective quorum, which requires at least half of the overall outstanding notes to participate in the vote.
  • Ralf Nöcker, Management Board Member of ESPG AG: “This is a major breakthrough for us, and we would like to thank our bondholders in advance for their participation and support.
  • It is now important that each registered investor exercises his or her voting rights.”
    The voting period is LIVE as of now.

EQS-News: ESPG AG: Strong support for proposed resolutions to amended ESPG bond terms – next management call

Retrieved on: 
Wednesday, March 13, 2024
Federal Gazette, GMT, ESPG, Growth, Science, Person, LTV, Security (finance)

In discussions with diverse bondholders, the Management Board has so far received very positive feedback regarding the proposed suspension of the total LTV covenant as of 31 December 2023.

Key Points: 
  • In discussions with diverse bondholders, the Management Board has so far received very positive feedback regarding the proposed suspension of the total LTV covenant as of 31 December 2023.
  • Further details of the suggested process until the maturity of the bond in September 2026 will be published on the ESPG website in the next days.
  • Dr Ralf Nöcker, Management Board of ESPG AG, comments: "Following constructive discussions with bond investors, we expect a strong support for the suspension of the LTV covenant for the previous year, should this turn out to be necessary.
  • Together with our investors, we want to develop ESPG into the market leader for science park portfolios in Europe.”

EQS-News: ESPG bond: Registration period for vote ends on 15 March 2024 – Quorum not yet reached – Recommendation to accept the countermotion

Retrieved on: 
Wednesday, March 13, 2024
GMT, ESPG, Science, Exercise, LTV, Security (finance)

ESPG recommends all bondholders to vote in favour of the countermotion.

Key Points: 
  • ESPG recommends all bondholders to vote in favour of the countermotion.
  • The vote without a meeting will take place from 18 March to 20 March 2024.
  • Bondholders entitled to vote must register with the notary appointed by the company, Dr Johannes Beil, by the end of 15 March 2024 at the latest.
  • The countermotion – as well as correspondingly updated voting forms - can be accessed via the following link on the ESPG website: https://espg.space/investor_relations/corporate-bond-2018-2026/ .

EQS-News: ESPG with stable portfolio value and growing rental income in the 2023 financial year

Retrieved on: 
Friday, February 16, 2024
DLR, ESPG, EUR, Science, Tenant, German Aerospace Center, Investment

In an overall challenging market environment, the science park portfolio once again demonstrated a high level of resilience and stable development with rising rental income.

Key Points: 
  • In an overall challenging market environment, the science park portfolio once again demonstrated a high level of resilience and stable development with rising rental income.
  • We have significantly increased our rental income and our portfolio value is stable according to preliminary valuation reports.
  • The positive rental and earnings performance is also reflected in the development of the net asset value of the science park portfolio.
  • Negative market effects were largely offset by the significant increase in rental income and targeted investments in the portfolio.

EQS-News: ESPG wins DLR as tenant for Science Park BlueCircle: New era for aerospace research in Würselen

Retrieved on: 
Tuesday, January 30, 2024
Aircraft, Research, INK, Science, Science park, German Aerospace Center, ESPG, Innovation Center station, SME, Tenant, DLR, Lease

ESPG wins DLR as tenant for Science Park BlueCircle: New era for aerospace research in Würselen

Key Points: 
  • ESPG wins DLR as tenant for Science Park BlueCircle: New era for aerospace research in Würselen
    The issuer is solely responsible for the content of this announcement.
  • ESPG wins DLR as tenant for Science Park BlueCircle: New era for aerospace research in Würselen
    Cologne, 24 January 2024: The European Science Park Group (ESPG), a real estate company specialising in science parks, has signed a lease agreement with the German Aerospace Center e.V.
  • DLR is renting an area of almost 2,500 square meters in the BLUECIRCLE Science Park in North Rhine-Westphalia.
  • With a science park portfolio in science clusters, ESPG has focused on particularly innovative tenants in future-oriented sectors.

EQS-News: ESPG: Successful 2023 and optimistic outlook for 2024

Retrieved on: 
Wednesday, January 17, 2024
Science, Science park, ESPG, Research, LED, EUR

ESPG let a net lettable area of around 14,800 m² in the course of 2023.

Key Points: 
  • ESPG let a net lettable area of around 14,800 m² in the course of 2023.
  • Dr Ralf Nöcker, board member of ESPG AG, comments: "The past financial year was very successful at an operational and strategic level.
  • With the bond extension in September 2023 and the optimisation of debt financing, we have achieved long-term planning security.
  • We are very optimistic about 2024 and expect rental growth to remain robust.

EQS-News: Swiss Merchant Group AG arranges the first green senior secured bond issue of Diok GreenEnergy GmbH from Cologne, Germany

Retrieved on: 
Thursday, December 14, 2023
CIO, European Economic Area, Estate (law), EUR, SMG, China Merchants Group, ESPG, Investment, Frankfurt Stock Exchange

Swiss Merchant Group AG arranges the first green senior secured bond issue of Diok GreenEnergy GmbH from Cologne, Germany

Key Points: 
  • Swiss Merchant Group AG arranges the first green senior secured bond issue of Diok GreenEnergy GmbH from Cologne, Germany
    The issuer is solely responsible for the content of this announcement.
  • November 2023 – Swiss Merchant Group AG („SMG“), a Swiss-based investor and advisor specializing in sustainable investments, has been mandated by Diok GreenEnergy GmbH (Cologne, Germany) to arrange a green corporate bond.
  • The corporate bond is to be issued in the context of a so-called Green Finance Framework of Diok GreenEnergy GmbH.
  • Diok GreenEnergy GmbH will use the bond funds to develop and build up a German photovoltaic portfolio of up to 1 gigawatt.

EQS-News: ESPG records further successes in implementing its financing strategy

Retrieved on: 
Thursday, December 14, 2023
Cologne, Investment, ESPG, Science

Cologne, 30 November 2023: The European Science Park Group (ESPG), a real estate company specialising in science parks, has achieved further milestones in the implementation of its financing strategy.

Key Points: 
  • Cologne, 30 November 2023: The European Science Park Group (ESPG), a real estate company specialising in science parks, has achieved further milestones in the implementation of its financing strategy.
  • Dr Ralf Nöcker, CEO of ESPG AG, says: “The financing once again confirms that science parks remain in demand as stable investments even in challenging market phases.
  • We see reliable financing partners at our side who are actively involved in the consistent implementation of our strategy.
  • In addition to a smaller refinancing next year, we are fully financed in the long term.”
    Markus Drews, CEO of ESPG AG, adds: “With the implementation of our financing strategy, we have positioned ESPG perfectly for the continuation of our long-term growth strategy.

EQS-News: ESPG AG: first interest payment for prolonged bond 2018/2026

Retrieved on: 
Tuesday, October 17, 2023
ISIN, Cologne, ESPG, Science, Security (finance), Bank

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Cologne, 10 October 2023: The European Science Park Group (ESPG), a real estate company specialising in science parks, made the first interest payment for the prolounged 2018/2026 bond (ISIN: DE000A351VD7) to the paying agent.
  • Due to technical changes, especially with regard to the deposit of the new paying agent and the public holiday on 3 October, there have been slight delays.
  • The money should be credited to the bondholders' accounts in the next few days.