DEMIRE Secures Formal Approval for Bond Extension

DEMIRE Deutsche Mittelstand Real Estate AG has received formal approval from creditors for the extension of its 2019/24 bond until the end of 2027. This decision was supported by more than 90% of the outstanding nominal amount of the bond, following a vote in accordance with the German Bond Act.

CEO Frank Nickel emphasized that this approval is a significant step towards the company's recapitalization. He highlighted the strong support from their major shareholder, an affiliate of Apollo Global Management Inc., as a key factor in this achievement. This extension provides a stable foundation for DEMIRE's future and allows the company to focus on strengthening its asset base.

With the bond extension in place, DEMIRE can now concentrate fully on its operational business. The company plans to use the internal resources freed up by this development to enhance its asset management capabilities and secure stable, sustainable rental income.