ABL Ablon

TIDMABL

RNS Number : 7457T

Ablon Group Limited

18 December 2012

18 December 2012

Loan extension

ABLON Group Limited ("ABLON" or "the Company"), a leading real estate owner and developer in Central Europe, today announces that it has agreed on a loan extension in the amount of EUR 37,2 million with Deutsche Pfandbriefbank.

Deutsche Pfandbriefbank provided an investment loan for three projects in 2007 for a five year period, which expired on the 25 October 2012 and was prolonged until the restated loan agreement became effective on the 14 December 2012.

The restated loan has been extended for a period of up to five years.

For further information, please contact:

ABLON Group Limited

   Adrienn Lovro                                                              Tel. +36 1 225 6600 

Newgate Threadneedle (Financial PR)

   Graham Herring                                                            Tel. +44 (0) 20 7653 9858 

Terry Garrett Tel. +44 (0) 20 7653 9845

NOTES TO EDITORS

About ABLON Group Limited

Founded in 1993 in Budapest (Hungary), ABLON and its subsidiaries (together the "ABLON Group") has properties at 34 locations, of which there are 15 completed projects, two projects in the construction phase and 23 development projects in Budapest, Prague, Bucharest, Warsaw and Gdansk. Its portfolio comprises a diversified mix of office, residential, retail, logistics and hotel developments valued at EUR385 million as at 30 June 2012. The ABLON Group had, as at 30 June 2012, 202,000 square metres of existing and income generating office, residential, hotel, retail and logistics assets (at 15 locations) in Budapest and Prague, with a significant development land bank comprising a further 1,236,300 square metres (at 24 locations) in Budapest, Prague, Bucharest, Warsaw and Gdansk. ABLON's shares are traded on the Main Market of the London Stock Exchange under the ticker 'ABL'.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFFAEFWFESEEE

Ablon (LSE:ABL)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024

Ablon (LSE:ABL)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024