Deutsche EuroShop

DGAP-News: Commencement of the acceptance period for the voluntary public takeover offer for Deutsche EuroShop AG

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Thursday, June 9, 2022
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Oaktrees Real Estate strategy, launched in 1995, adheres to Oaktrees investment philosophy of risk control, consistency and granular credit analysis.

Key Points: 
  • Oaktrees Real Estate strategy, launched in 1995, adheres to Oaktrees investment philosophy of risk control, consistency and granular credit analysis.
  • For more information, please visit www.ece.com
    This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares in Deutsche EuroShop.
  • The final terms of the takeover offer as well as other provisions relating to the takeover offer are set out solely in the offer document.
  • Investors and holders of shares in Deutsche EuroShop are strongly advised to read the offer document and all other documents relating to the takeover offer, as they contain important information.

DGAP-News: Oaktree and CURA to launch a voluntary public takeover offer for Deutsche EuroShop AG

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Tuesday, May 24, 2022
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The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities.

Key Points: 
  • The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities.
  • Oaktrees Real Estate strategy, launched in 1995, adheres to Oaktrees investment philosophy of risk control, consistency and granular credit analysis.
  • For more information, please visit www.ece.com
    This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares in Deutsche EuroShop.
  • The final terms of the takeover offer as well as other provisions relating to the takeover offer will be communicated in the offer document after the German Federal Financial Supervisory Authority (Bundesanstalt fr Finanzdienstleistungsaufsicht) has permitted the publication of the offer document.

DGAP-News: Signing of an investor agreement relating to a voluntary public takeover offer by Oaktree and CURA

Retrieved on: 
Tuesday, May 24, 2022
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r.l., a holding company which will in the future be jointly controlled by affiliates of Oaktree Capital Group Holdings GP, LLC and the limited partnership CURA Vermgensverwaltung G.m.b.H.

Key Points: 
  • r.l., a holding company which will in the future be jointly controlled by affiliates of Oaktree Capital Group Holdings GP, LLC and the limited partnership CURA Vermgensverwaltung G.m.b.H.
  • The Offer values Deutsche EuroShop at an equity value of about EUR 1.4 billion.
  • The Offer represents a premium of 44.0% to the Xetra closing price of the Shares on 20 May 2022 (EUR 15.63).
  • Further information on the Offer will be made available on Deutsche EuroShop's website or by the Bidder after its publication.

DGAP-News: Deutsche EuroShop: Encouraging upturn in business in 1st quarter 2022

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Thursday, May 12, 2022
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Hamburg, 12 May 2022 Shopping center investor Deutsche EuroShop (DES) today presented its results for the first three months of financial year 2022.

Key Points: 
  • Hamburg, 12 May 2022 Shopping center investor Deutsche EuroShop (DES) today presented its results for the first three months of financial year 2022.
  • CFO Olaf Borkers: We are confident that 2022 will be impacted by the coronavirus pandemic to a much lesser extent.
  • People are returning to the city centers, shopping malls and stores
    The relaxation of coronavirus regulations in DESs foreign markets in March 2022 brought some welcome relief.
  • Deutsche EuroShop is the only public company in Germany to invest solely in shopping centers in prime locations.

DGAP-News: Deutsche EuroShop: Presentation of the Annual Report 2021

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Wednesday, April 27, 2022
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4 The LTV ratio ("look through") is calculated on the basis of the Group's share in the subsidiaries and joint ventures.

Key Points: 
  • 4 The LTV ratio ("look through") is calculated on the basis of the Group's share in the subsidiaries and joint ventures.
  • Deutsche EuroShop will publish its financial reports for the current financial year on the following dates after close of trading:
    Deutsche EuroShop is the only public company in Germany to invest solely in shopping centers in prime locations.
  • The SDAX-listed company currently has investments in 21 shopping centers in Germany, Austria, Poland, the Czech Republic and Hungary.
  • The portfolio includes the Main-Taunus-Zentrum near Frankfurt, the Altmarkt-Galerie in Dresden and the Galeria Baltycka in Gdansk, among many others.

DGAP-News: Deutsche EuroShop returned to profit in 2021 financial year

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Friday, April 1, 2022
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Refinancing of 107.4 million secured over the long-term, as scheduled

Key Points: 
  • Refinancing of 107.4 million secured over the long-term, as scheduled
    Hamburg, 22 March 2022 - Deutsche EuroShop this evening announced its preliminary and as yet unaudited results for the 2021 financial year.
  • Consolidated revenue was down 5.5% for the financial year, from 224.1 million to 211.8 million.
  • Overall, however, the improved financial result (excluding measurement gains/losses) did not fully compensate for the coronavirus-related decline in EBIT.
  • All loans maturing in the 2021 financial year were extended or refinanced at lower interest rates.

DGAP-News: Deutsche EuroShop: Significant upturn in business in 3rd quarter

Retrieved on: 
Thursday, November 11, 2021
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In the third quarter, it averaged 90% of pre-crisis levels (Germany: 88%).

Key Points: 
  • In the third quarter, it averaged 90% of pre-crisis levels (Germany: 88%).
  • The ratio of rent paid to rent due, known as the collection ratio, also improved significantly.
  • The SDAX-listed company currently has investments in 21 shopping centers in Germany, Austria, Poland, the Czech Republic and Hungary.
  • The portfolio includes the Main-Taunus-Zentrum near Frankfurt, the Altmarkt-Galerie in Dresden and the Galeria Baltycka in Gdansk, among many others.

DGAP-News: Deutsche EuroShop: Prolonged lockdown impacts earnings - reopenings give cause for optimism for the second half of the year

Retrieved on: 
Thursday, August 12, 2021
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Hamburg, 12 August 2021 - Shopping center investor Deutsche EuroShop today presented its results for the first half of 2021.

Key Points: 
  • Hamburg, 12 August 2021 - Shopping center investor Deutsche EuroShop today presented its results for the first half of 2021.
  • "Since the remaining store closures in Germany were lifted at the beginning of June, footfall has risen again significantly.
  • By the end of July it had reached around 77 % of pre-coronavirus levels," said Wilhelm Wellner, CEO of Deutsche EuroShop.
  • The portfolio includes the Main-Taunus-Zentrum near Frankfurt, the Altmarkt-Galerie in Dresden and the Galeria Baltycka in Gdansk, among many others.