Gateway Real Estate AG

  • WKN: A0JJTG
  • ISIN: DE000A0JJTG7
  • Land: Deutschland

Nachricht vom 17.02.2021 | 10:17

Gateway Real Estate AG acquires two large residential development sites in Cologne and Dresden

Gateway Real Estate AG / Key word(s): Acquisition/Real Estate
Gateway Real Estate AG acquires two large residential development sites in Cologne and Dresden

17-Feb-2021 / 10:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Gateway Real Estate AG acquires two large residential development sites in Cologne and Dresden

Frankfurt am Main, February 17, 2021. Gateway Real Estate AG (WKN A0JJTG / ISIN DE000A0JJTG7) ("Gateway") acquires two residential development sites with a total of around 540,000 sqm of floor space in Cologne and Dresden. To this end, the company has reached an agreement with SN Beteiligungen Holding AG ("SNBH") on the acquisition of all shares in Borussia Invest GmbH by Gateway. The notarization of the share purchase agreement, which has just been approved by the Supervisory Board of Gateway, will take place in the course of today.

Borussia Invest GmbH holds 89.9% of the shares in each of the above projects. The total volume of the transaction amounts to approximately EUR 289 million including loans assumed by and proportionately attributable to Gateway in the course of the acquisition. The purchase price due after closing is in the upper two-digit million euro range.

According to the assessment of the management board of Gateway, the conditions of the acquisition are in line with the market on the basis of comparative prices for properties of a similar type, size, condition, development potential and location.

SNBH is a related party to Gateway according to section 111a German Stock Corporartion Act (Aktiengesetz; AktG), as the company is controlled by Norbert Ketterer, the current major shareholder (last voting rights notification as of 07th May 2020: 66.24%) and chairman of the supervisory board of Gateway. In addition, Jan Hendrik Hedding, an additional supervisory board member of Gateway, holds the office of director at SNBH. Against this background, Norbert Ketterer and Jan Hendrik Hedding did not participate in today's resolution of Gateway's Supervisory Board.

Contact:
Sven Annutsch
The Squaire No. 15
60549 Frankfurt am Main
T +49 (0) 69 78808800 0
F +49 (0) 69 78 80 88 00-99
E-Mail: sven.annutsch@gateway-re.de


17-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

Event im Fokus

Termine 2021

10. Juni 2021:Fachkonferenz Immobilien

14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure

13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie

10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix

„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“

GBC-Fokusbox

11 Perlen im „GBC Fonds Champions 2021“

Im Rahmen der aktuellen Studie „GBC Fonds Champions 2021“ haben wir elf versteckte Fondsperlen mit dem Kriterium einer Mindestbewertung von 4 von 5 GBC-Falken ausgewählt. Auch tragen wir dem gesteigerten Investoreninteresse nach nachhaltigen Investments Rechnung und haben drei nachhaltige Fonds ausgewählt. Übrigens, die Fonds aus unserer letzten Ausgabe haben im Schnitt eine Performance von plus 31,8 % erreicht.

News im Fokus

SAP SE: SAP veröffentlicht vorläufige Ergebnisse für das erste Quartal 2021, Ausblick für das Gesamtjahr angehoben

13. April 2021, 22:39

Aktueller Webcast

Nordex SE

Conference Call 11.05.2021 (Webcast)

11. Mai 2021

Aktuelle Research-Studie

Original-Research: GBC Insider Focus Index (von GBC AG): GBC Insider Focus Index

14. April 2021