WESTGRUND Aktiengesellschaft / Key word(s): Financing 26.11.2014 08:44 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Westgrund AG receives financial commitment to replace bridge financing of "Berlinovo"-Portfolio Berlin, 26.11.2014 - Westgrund AG received the finanical commitment to replace the bridge financing of the "Berlinovo"-Portfolio from a German Landesbank. As a consequence, the obtained bridge financing for the "Berlinovo"-Portfolio will be replaced by a final long-term financing. Details of this loan will be fixed during the next weeks, valuing the loan presumably in December 2014. As expected, the interest rate will be around 2.5% with a maturity of c. 7 years. The average interest rate of Westgrund's credit portfolio will decrease to considerably below 3%. The bridge financing provided by Barclays will be paid back at the same time. Contact: WESTGRUND AG Management board: Arndt Krienen, Sascha Giest E-Mail: vorstand@westgrund.de Westgrund AG Joachimsthaler StraÃe 34 10719 Berlin Deutschland Telephone:+49 30 2000 914 20 Facsimile: +49 30 6396192 28 About Westgrund AG: WESTGRUND AG is a real estate company based in Berlin. With a clear focus on housing, the company buys, manages, and develops residential portfolios with appreciation potential in various regions in Germany that are marked by auspicious and sound micro-environments. The company takes an active asset management approach to raise the value-add in sustainable ways. The company's assets are concentrated in the Berlin metro area, Lower Saxony and the region of Halle, Leipzig. 26.11.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: WESTGRUND Aktiengesellschaft Joachimsthaler Strasse 34 10719 Berlin Germany Phone: +49 30 2000 914 20 Fax: +49 30 639 619 228 E-mail: krienen@westgrund.de Internet: www.westgrund.de ISIN: DE000A0HN4T3 WKN: A0HN4T Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Westgrund AG receives financial commitment to replace bridge financing of 'Berlinovo'-Portfolio
| Source: EQS Group AG