German Landlord Gears Up For Debt Talks With Creditors

Demire has about €500 million notes maturing in October 2024
Company has been under pressure after asset sale fell through

A Demire Deutsche Mittelstand Real Estate property in Dusseldorf. — A Demire Deutsche Mittelstand Real Estate property in Dusseldorf.
Source: Demire Deutsche Mittelstand Real Estate

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By Irene Garcia Perez and Libby Cherry

October 4, 2023 at 3:54 PM UTC

This article is for subscribers only.

Demire Deutsche Mittelstand Real Estate AG and its creditors are gearing up for debt refinancing talks as the Apollo-backed landlord faces a looming bond maturity amid an industry downturn.

Demire has hired Rothschild & Co. to advise on its refinancing, according to people familiar with the matter who asked not to be named because the information is private. Bondholders have also been hearing pitches from potential advisors, said some of the people.