Arcona Property Fund is financed by a combination of equity and third-party debt.
|Equity||EUR 46.40 million|
|Bankfinancing||EUR 30.89 million|
|Three short term loans||EUR 1.50 million|
|Loan investment fund||EUR 2.09 million|
The equity comprises 3,758,683 shares with a total nominal value of EUR 46.40 million. The equity reflects an intrinsic value per share of EUR 12.76 as at 31 December 2021.
Arcona Property Fund has debt arrangements with four regional banks, in Austria, Czech Republic, Slovakia and Bulgaria.
The outline terms of these financing arrangements (after refinancing) are as follows:
|Bank||HYPO NOE Landesbank|
|Amount||EUR 14.0 million|
|Ter||31 March 2026|
|6-month EURIBOR + 2.95%|
|Bank||Sberbank CZ, a.s.|
|Amount||EUR 8.4 million|
|Term||31 March 2024|
|3-month PRIBOR + 1.80%|
|Bank||Slovenska Sporitelna, a.s.|
|Amount||EUR 9.4 million|
|Term||30 September 2024|
|3-month EURIBOR + 2.45%|
|Amount||EUR 2.3 million|
|Term||30 June 2021|
3-month EURIBOR + 4.75%
Situation as of March 31, 2022. For refinancing the purchase loan of three leasehold shopping centres in Poland, Arcona Property Fund agreed a loan from the seller of the properties.
|Amount||EUR 2.09 million|
|Interest||EURIBOR + 8.5%|
|Term||29 March 2024|
Situation as of March 31, 2022. Arcona Property Fund attracted one short term loan with a maturity date of January 15, 2024.
|Term||15 January 2024|
Structure Arcona Property Fund N.V.
1 April 2021
12 October 2023
€ 11,55- 0,9%
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