DGAP-Adhoc: Aggregate Holdings SA and group companies enter into EUR 1.02bn financing agreements in relation to acquisition of the Fuerst project in Berlin

2021. június 11., péntek, 15:20





DGAP-Ad-hoc: Aggregate Holdings SA / Key word(s): Miscellaneous


Aggregate Holdings SA and group companies enter into EUR 1.02bn financing agreements in relation to acquisition of the Fuerst project in Berlin


11-Jun-2021 / 15:20 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


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




Ad-hoc announcement



Pursuant to Art. 17 Abs. 1 of the Market Abuse Regulation (Regulation (EU) No. 596/2014)



NOT FOR DIRECT OR INDIRECT PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA AND JAPAN OR ANY JURISDICTION IN WHICH OFFERS OR SALES OF THE SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW.




Aggregate Holdings SA and group companies enter into EUR 1.02bn financing agreements in relation to acquisition of the Fuerst project in Berlin



- Fuerst is an ongoing refurbishment and repositioning project on Kurfuerstendamm in central Berlin with approximately 183,000 sqm of gross construction area



- Total acquisition and development financing package of EUR 1.02bn with 2.5 year maturity



- Net financing proceeds to be used to fund the acquisition and remaining refurbishment and repositioning of the project





Luxembourg, 11 June 2021: Aggregate Holdings SA ("Aggregate" or the "Company") group companies entered into several financing arrangements in an aggregate amount of up to EUR 1.02 billion (the "Financing"). All of the financing instruments shall have a term of two and a half years.



The net proceeds of the Financing, combined with a portion of the previously issued EUR 250m 2024 bond alongside Aggregate"s internal resources will fund (i) the acquisition of Fuerst under a signed sale and purchase agreement and (ii) provide the required funds to conclude the full refurbishment, repositioning and lease-up of the Project.



Fuerst (the "Project") is a refurbishment and repositioning development project with approximately 183,000 sqm of gross construction area in central Berlin, of which c.60% is office and co-working spaces. The project is over 20% complete already and the development is expected to be completed in the second half of 2023. The Financing includes a capex reserve account of EUR 250m. The construction of the project is fully financed until completion.



Disclaimer

This document and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell, or a solicitation of an offer to buy, any securities in the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or pursuant to an available exemption from registration under the Securities Act.

This document does not constitute an offer document or an offer of securities to the public in the U.K. to which section 85 of the Financial Services and Markets Act 2000 of the U.K. applies and should not be considered as a recommendation that any person should subscribe for or purchase any securities as part of the Offer. This document is being communicated only to (i) persons who are outside the U.K.; (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) high net worth companies, unincorporated associations and other bodies who fall within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to



Relevant Persons and will be engaged in only with Relevant Persons. This document should not be published, reproduced, distributed or otherwise made available, in whole or in part, to any other person without the prior consent of the Company. This document contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of the Company. Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting the Company, and other factors. The Company does not assume any obligations to update any forward-looking statements.











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Language: English
Company: Aggregate Holdings SA

Rue Antoine Jans 10

1820 Luxembourg

Luxemburg
ISIN: DE000A184P98
WKN: A184P9
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Stuttgart
EQS News ID: 1206783





 
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1206783  11-Jun-2021 CET/CEST







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