Over the past twelve months, BENO Holding AG has successfully completed five property financings with a total volume of approximately 28 million euros. Four of these transactions involved the refinancing of existing properties, while another encompassed the financing of a new acquisition. These measures aimed to generate additional free liquidity by redeeming existing bank loans and securing new financing from new funding partners.
As a result, BENO Holding AG was able to release approximately 16 million euros in additional, free liquidity. Furthermore, earmarked funds of around 1 million euros were provided for further property improvements. Michael Bussmann, Management Board member of BENO Holding AG, commented on the results, emphasising that financings of this magnitude are not a given in the current market environment. He interpreted the successful generation of 16 million euros from the existing portfolio as confirmation of the portfolio's quality and the business model's financing capability. Simultaneously, the circle of financing partners was significantly expanded.
Strategic Use of Released Funds
The financial headroom created has already been strategically utilised. Part of the liquidity served, among other things, to repay a bond totalling 10 million euros and to finance initial further growth. The remaining liquidity forms the basis for planned investments and acquisitions amounting to approximately 25 to 30 million euros. These investments underscore BENO Holding AG's efforts to continuously optimise its portfolio.
BENO Holding AG aims to continually develop its existing properties through investments in buildings and technical infrastructure, as well as by improving usability and third-party usability. The refinancings carried out demonstrate that values created in this way can partly be re-released and deployed for new investments and acquisitions. Particularly in a market environment characterised by high construction and financing costs, which limits the economic viability of many property investments, BENO Holding AG continues to see attractive yield spreads in flexibly usable light-industrial and warehouse portfolios. The additional liquidity solidifies the basis for the company's upcoming growth phase.
BENO Holding AG intends to significantly expand its portfolio in the coming years and actively participate in the consolidation of the fragmented German light-industrial and warehouse market. This strategic alignment is supported by the financial flexibility now created, enabling further targeted acquisitions and development projects in the logistics and commercial property segment.
