Notification of news according to article 17 MAR
solidare obtains EUR 50 million funding
Malta, 2017-05-30: solidare real estate holding plc («solidare») (MT0000580101 / A1JGT0 / XNH), a real estate company specializing in the growing market of micro-apartments, concluded a financing agreement in the amount of EUR 50 million with funds consulted by RoundShield Partners. This funding is available to solidare directly and with immediate effect. The purpose is to further solidare’s development into a leading player in the German micro-apartments market.
NewMark Finanzkommunikation GmbH
|solidare real estate holding plc
St. Christopher Street 168
VLT 1467 Valetta
|+356/21 22 75 53
|+356/21 22 76 67
solidare real estate holding plc. is a listed real estate company that specializes in the growth market of micro-apartments, predominantly in Germany. Micro-apartments are furnished residential units with a floor area of between 20 and 50 m², which are mainly rented by singles, students, commuters and the elderly. The principal shareholder and CEO Zeki Yigit has been involved in real estate development for more than 15 years. With around 300 employees, solidare covers the entire value-creation chain from real estate identification, the structuring of the acquisition and financing, the planning and execution of the construction or conversion activities, marketing, ongoing administration and facility management. The Group pursues a dedicated growth strategy that aims at consolidating the market segment and enhancing efficiency by exploiting the comprehensive nature of the internal service portfolio.
This release may contain forward-looking statements based on current assumptions and forecasts made by the management of solidare or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of solidare and its affiliated companies and the estimates given here. Neither solidare nor its affiliated companies assume any liability to update these forward- looking statements or to adapt them to future events or developments.