DGAP-News: Colonia Real Estate AG / Key word(s): Miscellaneous
Colonia Real Estate AG signed Global Credit Line with TAG Immobilien
AG
02.03.2011 / 10:21
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Colonia Real Estate AG signed Global Credit Line with TAG Immobilien AG
Cologne, March 2, 2011. Colonia Real Estate AG, Cologne, (ISIN
DE0006338007) (also referred to as Colonia in the following) and TAG
Immobilien AG (also referred to as TAG in the following) signed a global
credit line about EUR 75 million.
TAG has made a global credit line of EUR 75.0 million available to Colonia
for the purpose of repaying and refinancing short and medium-term
liabilities, and especially to cover potential claims by convertible bond
creditors. The loan has a term of two years and interest will be charged in
line with market rates.
The global credit line reflects the implementation of the financial
commitment given by TAG end of December 2010, which was described in the
Joint Opinion of the Management Board and the Supervisory Board of Colonia
regarding the voluntary offer document of TAG from January 3, 2011.
The Management Board
Cologne, March 2, 2011
Colonia Real Estate AG
ZeppelinstraÃe 4-8
D-50667 Cologne
Germany
Admission for trading: Regulated Market of the Frankfurt Stock Exchange
(Prime Standard)
ISIN: DE0006338007
Securities Code Number: 633800
About Colonia Real Estate AG
Colonia Real Estate AG is one of the leading listed real estate investment
and management groups in Germany with round about 19,000 residential units
and EUR 2.1 bn Assets under Management.
The Colonia business model is based on two columns. The investment segment
concentrates on high-yield residential property portfolios held for the
company's account and co-investments in commercial and residential
properties together with institutional partners. Second column of the
Colonia business model is the service segment. Here Colonia Real Estate
Solutions GmbH provides all services along the life cycle of a property in
a modular manner.
Contact
Claudia Kellert
Head of Investor Relations & Communication
ZeppelinstraÃe 4-8, 50667 Cologne, Germany
Tel +49. (0)221. 71 60 71-0, Fax +49. (0)221. 71 60 71-99
ir@colonia.ag
Contact:
Claudia Kellert
Head of Investor Relations and Communication
Colonia Real Estate AG
Zeppelinstr. 4-8
50667 Cologne, Germany
Phone +49 (0)221 71 60 71 0
Fax +49 (0) 221 71 60 71 99
E-Mail: pr@colonia.ag
End of Corporate News
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Language: English
Company: Colonia Real Estate AG
Zeppelinstr. 4 - 8
50667 Köln
Deutschland
Phone: +49 221-716071-0
Fax: +49 221-716071-99
E-mail: ir@colonia.ag
Internet: www.colonia.ag
ISIN: DE0006338007
WKN: 633800
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart; Luxembourg
End of News DGAP News-Service
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114119 02.03.2011
DGAP-News: Colonia Real Estate AG signed Global Credit Line with TAG Immobilien AG
| Source: EQS Group AG