Deutsche Konsum REIT-AG Announces Sale of Sub-Portfolio to Reduce Financial Liabilities

Deutsche Konsum REIT-AG (DKR) has successfully notarized the sale of a sub-portfolio comprising 14 retail properties, as announced on March 28, 2024. This strategic move is aimed at reducing the company's financial liabilities. The properties, generating an annual rent of approximately EUR 5.5 million, were sold at a 3.8% discount from their current IFRS carrying amounts.

DKR anticipates finalizing the transaction by June 2024. The proceeds from this sale are designated entirely for the repayment of the company's bank and bond obligations. The management board believes this decision will significantly enhance DKR's liquidity and financial structure.