Deutsche Konsum REIT-AG to Hold Extraordinary General Meeting for Restructuring Capital Increase

Deutsche Konsum REIT-AG will hold an Extraordinary General Meeting on 4 December 2025 as an in-person event in Berlin. The meeting represents a significant milestone in the company's restructuring efforts, with shareholders being asked to resolve on the restructuring capital increase that forms a key component of the restructuring concept developed in collaboration with FTI-Andersch AG.

The restructuring capital increase is planned as a mixed cash and contribution in kind capital increase with subscription rights. This strategic move involves converting receivables from registered and convertible bonds with a volume of up to approximately EUR 120 million as contribution in kind. This approach demonstrates the company's commitment to addressing its financial challenges through a comprehensive restructuring plan that balances creditor interests with long-term viability.

A critical development supporting this restructuring effort came from the Federal Financial Supervisory Authority (BaFin), which granted the necessary exemption from the obligation to publish and submit a mandatory takeover offer under the German Securities Acquisition and Takeover Act (WpÜG). This restructuring exemption applies specifically to the scenario where Versorgungsanstalt des Bundes und der Länder (VBL) or companies affiliated with VBL gain control of the Company as part of the restructuring capital increase.

The regulatory approval from BaFin represents a significant vote of confidence in the company's restructuring strategy and removes a potential obstacle to the successful implementation of the capital increase. This exemption acknowledges the unique circumstances of restructuring situations where traditional takeover regulations might otherwise impede necessary financial reorganization.

For investors and stakeholders, this development signals progress in Deutsche Konsum REIT-AG's efforts to stabilize its financial position while maintaining its focus on German retail properties for everyday goods. The company's specialization in local supply properties at established micro-locations positions it within a resilient segment of the real estate market, though the current restructuring underscores the challenges facing the broader real estate investment trust sector.

The successful implementation of the restructuring capital increase could have broader implications for the German REIT market, potentially serving as a template for other companies facing similar financial challenges. The mixed approach of cash and contribution in kind, combined with regulatory support from BaFin, demonstrates how companies can navigate complex financial restructuring while maintaining regulatory compliance and stakeholder confidence.

Shareholders and market observers will be closely watching the outcome of the December meeting, as the approval of the capital increase represents a crucial step toward financial stabilization for the company. The restructuring concept, initially presented on 1 September 2025, now moves toward implementation with this important shareholder vote, marking a potential turning point for the company's future trajectory in the competitive German real estate market.