Instone Group successfully refinances and increases promissory note to EUR 45 million ahead of maturity

Instone Real Estate Group SE (“Instone Group“) has successfully refinanced its promissory note due to mature in October 2026 ahead of schedule. The promissory note, originally issued in 2023 with a volume of EUR 20 million, has been replaced ahead of maturity by a new EUR 45 million promissory note, extending the company's long-term financing. It was arranged and syndicated by Sparkasse Hannover. Participating lenders include institutions from the German savings bank (Sparkassen) and cooperative bank (Volksbanken) sectors.

"Our target volume of EUR 30 million was significantly exceeded, with the transaction ultimately reaching EUR 45 million," said David Dreyfus, CFO of Instone Group. "The strong level of investor demand and the participation of new financing partners, who had not previously been involved in Instone Group’s corporate financing, reflect the banking sector's confidence in our business model and our strategic positioning as one of Germany's leading residential real estate developers,” Dreyfus added.

With the successful placement of the new promissory note, Instone Group has further strengthened its financing base while broadening its network of long-term financing partners.