Instone Group Secures €47.5 Million Syndicated Loan

Instone Real Estate Group SE has announced the successful conclusion of a new syndicated loan agreement valued at over €47.5 million. This loan, arranged by IKB Deutsche Industriebank AG, is set for a three-year term with options for two one-year extensions. During this period, the loan can be increased to a maximum of €60 million.

CFO David Dreyfus highlighted the strategic importance of this financing, emphasizing its role in reinforcing the company's liquidity. As of the end of September, the company held cash and equivalents of €221.5 million, with additional unused credit facilities of approximately €138 million.

The newly acquired funds will foster corporate growth and facilitate the acquisition of valuable land plots. This move aims to secure high-margin projects in a competitive market, enhancing Instone Group’s market position.