Castellum revises its financial policy – Loan-to-value ratio reduced to max. 50%
Castellum’s ambition is to further strengthen its profile as a commercial real estate company featuring low financial risk. The Board has therefore decided to change current financial policies and decrease the net loan-to-value ratio: not to exceed 50% on a sustained basis – from the current level of 55%.Furthermore, current restrictions limiting the share of capital-market financing to a maximum 75% of outstanding interest-bearing liabilities will be discontinued. In addition, the Board will introduce a new restriction concerning secured financing. Here, the objective is to limit the ratio