Germany's Colonia Real Estate said on Tuesday that it has finalised debt restructuring of its 1,600-asset portfolio in Schleswig-Holstein. Under the refinancing, new contracts with a total volume of EUR 34 mln have been signed with a state-owned development bank, as well as an additional credit line of EUR 8 mln. The interest rate for the entire refinancing is fixed at around 5% per annuam for the next 10 years, the company said. The additional credit will be used to refurbish the apartments in Schleswig-Holstein during the next years.
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