European real estate company IVG Immobilien has announced the extension of the financing for the Pegasus-Portfolio which was due in the fourth quarter of this year. This move is another step in the revamp of the company’s financial structure.
The funding is due in two years but the tenure could be extended with the existing volume of €145 million. The Pegasus-Portfolio was acquired in 2007 as part of a portfolio deal and comprises 15 properties at six German sites with a rentable area of about 175,000 square meters.
Click here for the release from IVG Immobilien.