Press releases

Arcona Property Fund N.V. extends loan

24 June 2019

Arcona Property Fund N.V., the exchange-listed fund that invests in commercial property in Central Europe, has extended a loan of EUR 2.0 million ending on 23 June 2019 until 30 September 2019.

The loan was provided to Arcona Property Fund in 2017 for the purchase of the Maris office building in Szczecin in Poland. The interest rate of the loan becomes 9.0% (was 6.0%). The loan will be repaid when a number of loans in the third quarter of 2019 will be refinanced.

Arcona Property Fund N.V. extends loan
24 June 2019
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The dividend policy for Arcona Property Fund is to pay at least 35% of the annual direct result as a dividend. The target is, within a three to five year time frame from end 2016, to increase annual dividend payments to a level of 8% of the prevailing share price.

Arcona Property Fund counts the following substantial companies amongst its tenants: