Donnerstag, 27. Oktober 2016

  • Pressemitteilung BoxID 137087

KWG successfully extends credit line - no refinancing required till mid-2011

(lifePR) (Hamburg, ) By successfully extending a credit line for some 5.3 million euros, KWG Kommunale Wohnen AG has structured its loan portfolio so that no further refinancing is required until mid-2011. This year, liabilities totalling 17.3 million euros have been fixed. KWG was able to refinance at an average interest rate of 4.05%, thanks to its solid position and its successful development to date. As a result, the average interest for the whole portfolio fell from 5.15% to 5.02%.

Not until the second half of 2011 is further refinancing required - namely of 2.6 million euros, equivalent to 2.2% of the total loan portfolio of 117 million euros. Thus KWG has taken advantage of the attractive conditions currently available to optimise its liability structure with lasting effect.

KWG has a portfolio of some 4,900 apartments with a view to long-term ownership, with a balance sheet value of 172 million euros. The company's real estate portfolio yields an annual return of around 8% on the current value of the properties (601 euros per square metre): this is far above the average achieved by comparable firms. Most of KWG's properties have already been extensively modernised to comply with today's technical and energy standards, and in these apartments the company has been able to increase rents and successfully reduce vacancy levels. So far, these value-enhancing measures have been partly financed from the current cash flow. In the next few quarters KWG intends to continue and complete its ongoing modernisation programme. The net asset value (NAV) per share already came to 6.67 euros in the first half of 2009.

Diese Pressemitteilungen könnten Sie auch interessieren

7x7 stellt nachhaltige Investments vor

, Finanzen & Versicherungen, 7×7 Unternehmensgruppe c/o 7x7sachwerte GmbH & Co. KG

Die Bonner 7x7finanz GmbH präsentiert sich am 12. November 2016 in Freiburg auf der Messe Grünes Geld. Dort können sich interessierte Anleger...

Altbau vor Kauf eingehend besichtigen

, Finanzen & Versicherungen, Wüstenrot & Württembergische AG

Vor dem Kauf eines älteren Hauses sollte man sich eingehend über den Zustand und durchgeführte Sanierungsarbeiten informieren. Denn es ist üblich,...

Firmenjubiläum bei der BKK ProVita in Nürnberg

, Finanzen & Versicherungen, BKK ProVita

Am 21.10.2016 feierte Frau Doris Tobisch ihr 25-jähriges Firmenjubiläum bei der BKK ProVita in Nürnberg. Im Rahmen einer kleinen Feierstunde...