Branicks Group AG: Fully on track with sales and financial consolidation

EQS-News: Branicks Group AG / Key word(s): Real Estate
Branicks Group AG: Fully on track with sales and financial consolidation

01.07.2024 / 08:46 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Branicks Group AG: Fully on track with sales and financial consolidation

  * Well over half of the transaction target in own portfolio achieved by
    mid-year

* Further sales in the pipeline

* Financial consolidation on track

Frankfurt am Main, July 1, 2024: Branicks Group AG ("Branicks"), ISIN:
DE000A1X3XX4, one of Germany's leading listed real estate companies, has
already achieved well over 50% of its sales target for 2024 in its own
portfolio (Commercial Portfolio) in the first six months of the financial
year. In the gradually recovering transaction market, Branicks notarized
sales of more than EUR 300 million in the first half of the year. In its
annual outlook for the Commercial Portfolio, Branicks had set a sales target
of EUR 500-600 million for the year as a whole.

The sale of a package of 12 logistics properties from the portfolio of VIB
Vermögen AG (VIB), in which Branicks holds around 69%, to the international
logistics real estate developer P3 Logistic Parks made a significant
contribution. The sale was notarized in June and reported by VIB today.

In addition, further sales are in the pipeline.

The successful transaction performance supports the scheduled progress in
the financial consolidation of Branicks. At the end of the second quarter, a
further EUR 40 million of the bridge financing for the VIB assets was
repaid, after EUR 40 million had already been repaid in the first quarter.
In accordance with the restructuring plan drawn up and approved on the basis
of the corporate planning reviewed by independent experts, the remaining
amount of the bridge financing of EUR 120 million will be repaid by the end
of 2024 at the latest.

"By the middle of the financial year, we had already notarized well over
half of our sales target in the Commercial Portfolio for 2024, and our sales
pipeline remains well filled. We are making excellent progress in the
increasingly active transaction market. Our financial consolidation is
progressing according to plan. In conjunction with our strategic focus,
which has already been broadened to include the renewables asset class,
Branicks Group AG is gradually taking on new contours and actively
positioning itself for the future," commented Sonja Wärntges, CEO of
Branicks.

About Branicks Group AG:
Branicks Group AG (formerly DIC Asset AG) is a leading German listed
specialist for office and logistics real estate as well as newly renewable
assets with over 25 years of experience in the real estate market and access
to a broad investor network. Our basis is the national and regional real
estate platform with nine offices in the ground in all major German markets
(including VIB Vermoegen AG). As of March 31, 2024, we managed properties
with a market value of EUR 13.1 billion in the Commercial Portfolio and
Institutional Business segments.

The Commercial Portfolio segment comprises real estate held for our own
account. Here, we generate cash flows from stable rent revenues on long-term
leases while also optimizing the value of our portfolio assets through
active management and realizing gains from sales.

In the Institutional Business segment, we earn recurrent fees from real
estate services we provide to national and international institutional
investors by structuring and managing investment products that return
attractive dividend yields.

The shares of Branicks Group AG are listed in the Prime Standard of the
German Stock Exchange (WKN: A1X3XX / ISIN: DE000A1X3XX4).

The company is fully committed to sustainability and occupies top positions
in ESG-relevant ratings such as Morningstar Sustainalytics and S&P Global
CSA. The Branicks Group is also a signatory to the UN Global Compact and the
UN PRI network. Properties in the Branicks portfolio have been awarded
renowned sustainability certificates such as DGNB, LEED or BREEAM.

For more details, go to www.branicks.com

PR Contact Branicks Group AG

Stephan Heimbach

Neue Mainzer Straße 32-36

60311 Frankfurt am Main

Fon +49 69 9454858-1569

pr@branicks.com

IR Contact Branicks Group AG

Jasmin Dentz

Neue Mainzer Straße 32-36

60311 Frankfurt am Main

Fon +49 69 9454858-1492

ir@branicks.com


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01.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Branicks Group AG
                   Neue Mainzer Straße 32-36
                   60311 Frankfurt am Main
                   Germany
   Phone:          +49 69 9454858-1492
   Fax:            +49 69 9454858-9399
   E-mail:         ir@branicks.com
   Internet:       www.branicks.com
   ISIN:           DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9
   WKN:            A1X3XX, A12T64, A2GSCV, A2NBZG
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate
                   Exchange; Luxembourg Stock Exchange
   EQS News ID:    1936287

End of News EQS News Service
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1936287 01.07.2024 CET/CEST