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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
AIM's Speymill reviews debt to avert covenant breaches
The AIM-listed German residential property fund Speymill is to seek additional financing to avert potential debt funding covenant breaches, but said it has sold E22m of assets at a premium and vacancy rates across its portfolio are stable. The group at its year-end last June was carrying debt of E1.2bn which implied LTV of 81% against its asset portfolio of E1.5bn. (See upcoming PIE editions for full story)