Deutsche Konsum REIT secures bridge financing agreement

Deutsche Konsum REIT-AG (JSE:DKR) announced that it has secured a 5.5% interest collateralized bridge financing agreement, with the approval of its Supervisory Board. This financing, in conjunction with creditor commitments, establishes the necessary conditions for the preparation of a restructuring concept by May 30, 2025. The disbursement of the bridge financing remains subject to customary conditions. The company intends to arrange repayment of financial liabilities maturing this year with relevant creditors. Additionally, the company announced changes in its supervisory board: Daniel Löhken will seek to become chairman following his election at the April 1, 2025 annual meeting. Rolf Elgeti and Antje Lubitz will not be available for re-election as members.