on Branicks Group AG (isin : DE000A1X3XX4)
Branicks Group AG: Fully on Track with Sales and Financial Consolidation
Frankfurt am Main, July 1, 2024: Branicks Group AG has achieved over 50% of its 2024 sales target in its own portfolio by mid-year. The company notarized sales exceeding EUR 300 million in the first half of the year. The annual sales target for the Commercial Portfolio is EUR 500-600 million.
A significant sale involved 12 logistics properties from VIB Vermögen AG’s portfolio to P3 Logistic Parks. This sale was notarized in June.
The financial consolidation is also progressing as planned. By the end of Q2, EUR 80 million of bridge financing for VIB assets was repaid. The remaining EUR 120 million will be repaid by year-end.
CEO Sonja Wärntges stated that the company is making excellent progress and is actively positioning itself for the future, including a strategic focus on renewable assets.
R. H.
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