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EQS-News: Branicks Group AG / Key word(s): Real Estate
Branicks Group AG: Fully on track with sales and financial consolidation
2024-07-01 / 08:46 CET/CEST
The issuer is solely responsible for the content of this announcement.
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

2024-07-01 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
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 2024-07-01 CET/CEST

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July 01, 2024 02:46 ET (06:46 GMT)