Gagfah concludes 1.06 bln euros financing of Woba portfolio

FRANKFURT Wed Feb 20, 2013 12:11pm EST

FRANKFURT Feb 20 (Reuters) - German real estate group Gagfah concluded refinancing the 1.06 billion euros ($1.42 billion) Woba portfolio, the company said.

The previous loan for the portfolio was due to mature on May 15 of this year, Gagfah said.

The Woba portfolio consists of 38,000 apartments located in the eastern German city of Dresden and makes up a quarter of the portfolio of Gagfah.