DGAP-News: Aggregate Holdings SA / Key word(s): Statement
Aggregate Holdings streamlines and strengthens capital structure

09.09.2022 / 09:38 CET/CEST
The issuer is solely responsible for the content of this announcement.


Aggregate Holdings streamlines and strengthens capital structure

  • As part of the €456m sale of QH Core and QH Spring, Aggregate 2024 Bonds will be used to reduce net debt and reduce leverage
  • Following the closing of the QH Core transaction, all material commitments between Aggregate and Vivion have been settled

Luxembourg, 9 September 2022.  Following the sale of two segments of its landmark Quartier Heidestrasse project (“QH”) in Berlin, Aggregate Holdings SA (“Aggregate”) has significantly reduced net debt and has addressed prior outstanding commitments between Aggregate and Vivion group.

As part of the €456m sale of QH Core and QH Spring, the equity purchase price of €219m will be paid with 5.5% 2024 Aggregate Bonds. This will reduce Aggregate’s net debt and leverage, and will simplify and streamline Aggregate’s capital structure.

Following the closing of the QH Core transaction, there are no remaining commitments between Aggregate and Vivion, including no outstanding pledges of any subsidiaries relating to the acquisition of Fuerst. The only outstanding commitments with Vivion relate to the closing of the sale of QH Spring.

“With this major milestone having been completed, my colleagues and I will continue our strategy of strengthening our capital structure and growing the value of our portfolio”, commented Cevdet Caner, Chief Executive Officer of Aggregate Holdings.

Contact
Benjamin Lee, Chief Financial Officer
Tel : +352 20 30 14 60
Mob : +44 7415 121218
b.lee@aggregateholdings.com

Boris Lemke, Investment Director
Tel : +352 20 30 14 60
Mob : +44 7943 025474
b.lemke@aggregateholdings.com

Dr Christoph Walther, Consigliere Consult
Mob : +49 151 12241630
christoph.walther@consigliere-consult.com

Xander Heijnen, Consigliere Consult
Mob : +49 172 811 9728
xander.heijnen@consigliere-consult.com


About Aggregate Holdings

Aggregate Holdings SA (“Aggregate”) is a predominantly German-focused real estate investment company, with significant presence also in Portugal. As at FY 2021, the company had €7.9bn of assets and a project portfolio with €9.9bn Gross Development Value. In its Build & Hold division, Aggregate owned Quartier Heidestrasse, the largest mixed use real estate development project in central Berlin with c.297,000 sqm of gross floor area (“GFA”), Fuerst, the prime commercial asset located on Kurfuerstendamm in central Berlin with c.183,000 sqm of GFA, and Walter and Green Living projects in Berlin with a combined GFA of c.634,000 sqm. Aggregate also owns in its Build & Sell division VIC Properties, the largest real estate developer in Portugal with c.570,000 sqm of GCA and €3.1bn Gross Development Value. Additionally, Aggregate holds a c.6% strategic stake in Adler Group SA, among other investments.



09.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Aggregate Holdings SA
Rue Antoine Jans 10
1820 Luxembourg
Luxemburg
ISIN: LU1922424012
WKN: A2PAUX
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Stuttgart; Luxembourg Stock Exchange
EQS News ID: 1437801

 
End of News DGAP News Service

1437801  09.09.2022 CET/CEST

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