Loan contract for funding Postgalerie Speyer property signed

Siek / Hamburg, (PresseBox) - The Management Board of GWB Immobilien AG announces that the loan contract for funding the Postgalerie Speyer property has been signed. This legally binding contract was concluded today (10.02.2011) between HSH Nordbank AG and Projektgesellschaft market 12 GmbH & Co. KG, a wholly-owned subsidiary of GWB Immobilien AG. All of the funding required for the Speyer property with a total investment of about EUR 44.3 million has now been secured with the conclusion of this contract.

GWB Immobilien AG

GWB is listed in the Prime Standard at Frankfurt Stock Exchange. Over a period of more than 15 years, the GWB corporate group has developed into a specialist for the implementation of large retail projects and for the revitalisation of retail properties. The focus is on medium-sized towns and suburban areas. The strength of the GWB business model is that the company acts as a single, integrated source for the provision of all the necessary services, covering the entire supply chain from project development and construction to marketing and management. More than 40 projects have been completed successfully.

Further information is available on the company website

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