Market News · Equity Story · Branicks Group AG

20 November 2024 01:00PM

Branicks Group AG sells former Horten-Kaufhaus in Bremen city center

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Frankfurt am Main, November 20, 2024 Press release of the Branicks Group AG Branicks Group AG sells former Horten-Kaufhaus in Bremen city center BRESTADT Stadtentwicklungs- und Realisierungsgesellschaft takes over central city center property Sale from the Commercial Portfolio Further step towards strategic optimization of properties in own po...

Branicks Group AG

Type	Total	Last	Made by	Go to
Corporate Research	0	-	-	Corporate Research
Directors Dealings	19	18^th September 2024	Doyen, Torsten	DD
Short Seller (DE)	9	3^rd October 2024	Helikon Investments Limited	SSR (DE)
Short Seller (UK)	0	-	-	SSR (UK)

Branicks Group AG sells former Horten-Kaufhaus in Bremen city center

Corporate News Branicks Group AG

Branicks Group AG sells former Horten-Kaufhaus in Bremen city center

9-month figures confirm positive development in 2024

Sale of four logistics properties from the VIB portfolio

Branicks Group AG sells “Cologno” business park

ESG top rating in Morningstar Sustainalytics ranking further improved and EPRA Gold awards for corporate reports 2023

VIB bridge financing fully repaid

Branicks wins REWE as a further anchor tenant for the “Neustadt Centrum” in Halle

operational strength and significant debt reduction in the first half of 2024

Annual General Meeting approves all agenda items with large majorities

Further debt repayment following good business performance in the year to date

Sale of four retail parks

Further milestone successes for financial consolidation

Project transfer to new owners completed after full refurbishment

Successful new lettings in the “Stadttor” in Heidelberg's Bahnstadt district

New lease in the multi-tenant office building “Gate 9” near Stuttgart

Fully on track with sales and financial consolidation

Branicks continues to drive consolidation and significantly reduces loan liabilities

New and follow-up lettings in Frankfurt's trade fair and banking district

Branicks Group AG publishes Sustainability Report 2023 and continues to push ESG leadership claim

Branicks Group launches first fund in new renewables asset class

Branicks Group confirms outlook for 2024 after good start to the year

Operationally successful in a challenging 2023 financial year

Branicks Group expands business model to include renewables asset class and cooperates with Encavis Asset Management AG

Dr. Angela Geerling elected as new Chairwoman of the Supervisory Board

Clear strategy for sustainable stability of the company

Large majority in favour of extension of promissory note loans, extension of bridge financing also secured – change in the chairmanship of the Supervisory Board intended

Large majority in favour of extension of promissory note loans, extension of bridge financing also secured – change in the chairmanship of the Supervisory Board intended

Branicks Group AG sells retail property in Regensburg

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Branicks Group AG concludes lease agreements for 72,100 sqm of office and logistics space

Extension of terms of promissory note loans due in 2024 planned under preventive application of StaRUG procedure, postponement of 2023 consolidated financial statements publication

Agreement with lenders of bridge financing on provisional suspension of certain loan conditions and payment obligations

Long-term lease signed with expanding themed restaurant operator at HELIO in Augsburg

Branicks in negotiations to extend bridge financing and inviting promissory note holders to negotiations on extension of terms of promissory note loans maturing in2024–Targets for2023 largely achieved

Branicks Group AG in negotiations to extend bridge financing and inviting promissory note holders to negotiations on extension of terms of promissory note loans maturing in 2024 – No dividend planned

Strong lettings performance toward year-end

Branicks Group AG sells two logistics properties in Neufahrn for c. EUR 80 million

Branicks Group AG sells former Kaufhof department store in Leverkusen

Review of the 3rd Quarter and Outlook

Lease renewals and new lease signings for a total of 36,700 sqm of office and logistics space in managed fund properties

DIC Asset AG is now Branicks Group AG

DIC Asset AG moves into its “Office of the Future” in Frankfurt's “Global Tower”

DIC Asset AG completes lettings in Baden-Württemberg and Bavaria

First half of 2023 influenced by the geopolitical environment – “Performance 2024” action plan to strengthen the company

DIC Asset AG: First half of 2023 influenced by the geopolitical environment – “Performance 2024” action plan to strengthen the company

DIC Asset AG lets “Pressecafé” inside the “Pressehaus am Alex” to Berlin-based restaurant operator

DIC Asset AG lets “Pressecafé” inside the “Pressehaus am Alex” to Berlin-based restaurant operator

DIC Asset AG secures long-term rental income for logistics real estate fund

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