Corporate | 1 July 2009 07:48
PATRIZIA Immobilien AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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PATRIZIA Immobilien AG - Refinancing for 2009 almost fully concluded
- Additional loans of over EUR 48.5 million extended
Augsburg (Germany). July 1, 2009. PATRIZIA Immobilien AG (ISIN:
DE000PAT1AG) has successfully extended loans of over EUR 48.5 million, due
on June 30, 2009, by a further 18 months in line with its business model.
In March, PATRIZIA extended loans of over EUR 530 million by a further 24
months. Both extensions clearly reflect the confidence of the financing
banks in the value of PATRIZIA's real estate portfolio and therefore in the
adherence to the underlying business plans.
Based on our financing structure, financing costs for the full fiscal year
2009 will be slightly below those of 2008. At present, around 70% of our
loans are hedged by way of interest rate hedging instruments.
As of July 1, 2009, less than 3% of our bank loans are due within twelve
months. Further loan extensions amounting to EUR 13.3 million are expected
for the end of 2009. We will be discussing the extension according to the
maturities of these loans with the lending banks.
Augsburg (Germany), July 1, 2009
PATRIZIA Immobilien AG
PATRIZIA Bürohaus
Fuggerstrasse 26
86150 Augsburg
Germany
Listing: Frankfurt Official Market (Prime Standard)
ISIN: DE000PAT1AG3
SIN: PAT1AG
Contact:
Investor Relations
Claudia Kellert
Tel.: +49 (0) 821 5 09 10-360
Fax: +49 (0) 821 5 09 10-399
investor.relations@patrizia.ag
Press
Andreas Menke
Tel.: +49 (0) 821 5 09 10-655
Fax: +49 (0) 821 5 09 10-695
presse@patrizia.ag
01.07.2009 Financial News transmitted by DGAP
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Language: English
Issuer: PATRIZIA Immobilien AG
Fuggerstraße 26
86150 Augsburg
Deutschland
Phone: +49 (0)821 - 509 10-000
Fax: +49 (0)821 - 509 10-999
E-mail: investor.relations@patrizia.ag
Internet: www.patrizia.ag
ISIN: DE000PAT1AG3
WKN: PAT1AG
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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