PREOS Real Estate AG

  • WKN: A2LQ85
  • ISIN: DE000A2LQ850
  • Land: Deutschland

Nachricht vom 06.08.2019 | 10:30

PREOS Real Estate AG expands portfolio with office property in Rhine-Ruhr region

DGAP-News: PREOS Real Estate AG / Key word(s): Real Estate

06.08.2019 / 10:30
The issuer is solely responsible for the content of this announcement.


PREOS Real Estate AG expands portfolio with office property in Rhine-Ruhr region
 

- Office property with approx. 10,100 m² rental space in the city centre of Lüdenscheid

- 90 percent of the property is let, main tenant City of Lüdenscheid

- WALT of 6 years

- Total real estate portfolio expanded to 12 properties with 66,500 m² of lettable space

Leipzig, 6. August 2019 - PREOS Real Estate AG ("PREOS", ISIN DE000A2LQ850) is successfully expanding its real estate portfolio. The purchase agreement for the acquisition of an office and technical centre with a rental area of around 10,100 square metres in Lüdenscheid, not far from Dortmund, has now been notarised. The complex consists of 4 office buildings and a multi-storey car park with 193 parking spaces and is located in the city centre of Lüdenscheid. The complex is 90 percent let, the weighted average lease term (WALT) amounts six years. The main tenant is the city of Lüdenscheid with an area of approx. 2,900 square meters. The closing of the transaction is expected in the third quarter of 2019.

With this acquisition, PREOS is expanding its portfolio, which consists of real estate in the metropolitan regions of Munich, Cologne, Düsseldorf, Frankfurt and Stuttgart, among others, to now 12 properties with a total rental space of 66,500 square meters.

The office complex has a very attractive location in the middle of Lüdenscheid. The surrounding area is characterised by commercial buildings and, partially, residential buildings. The shopping centre Stern Center, the town hall and the train station are located in the immediate vicinity of the property.

The acquisition was accompanied by publity AG, which was also commissioned with the asset management of the office complex. The transaction was also advised by CMS and albrings + müller.

Frederik Mehlitz, CEO of PREOS: "We are delighted to be expanding our portfolio with this very attractive office property in the city centre of Lüdenscheid and not far from the major cities of Dortmund and Wuppertal. The property has attractive development and appreciation potential. In addition, we are in advanced negotiations for the acquisition of further properties with a focus on urban locations in Germany."
 

About the PREOS Real Estate AG

PREOS Real Estate AG ("PREOS") is an active real estate investor focused on office properties. PREOS acts as an efficient management holding company. The acquisition focuses on office properties with development potential in German metropolitan regions. Value creation is generated through targeted asset management measures. Existing developed properties are sold in the event of adequate sales opportunities. The corporate strategy is to significantly expand the real estate portfolio through acquisitions in the coming years. The PREOS share (ISIN DE000A2LQ850) is listed in the m:access segment of the Munich Stock Exchange (PAG.MU) and on Xetra (PAG.DE). PREOS is headquartered in Leipzig, Germany.

Investor & Public Relations
edicto GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42
60322 Frankfurt/Main
Phone +49(0) 69/905505-52
E-Mail: preos@edicto.de

 

Disclaimer

 

This publication may contain future-oriented statements. Future-oriented statements are all statements that do not relate to historical facts or events. This applies in particular to statements about the Company's intentions, beliefs or current expectations with respect to its future financial performance, plans, liquidity, prospects, growth, strategy and profitability as well as the economic environment in which the Company operates. Future-oriented statements are based on current estimates and assumptions made by the company to the best of its knowledge. However, such future-oriented statements are subject to risks and uncertainties as they relate to future events and are based on assumptions that may not occur in the future. The Company is under no obligation to update or revise any future-oriented statements contained in this publication to reflect events or circumstances after the date of this publication unless they contain insider information subject to disclosure.



06.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

Interview im Fokus

Mountain Alliance: „Großer Digitalisierungsschub“

Furioses Börsendebüt für den Datenbankspezialisten Exasol. Einer der Profiteure: Die Münchner Beteiligungsgesellschaft Mountain Alliance AG (MA, ISIN DE000A12UK08), die auch nach einem Teilexit noch rund 2% an Exasol hält. Aktuell notiert die MA-Aktie rund 30 % unter dem NAV. Financial.de sprach mit MA-CEO Daniel Wild über die stärksten Digitalisierungstrends, die kritische Größe von 100 Mio. Euro Börsenwert, den neuen Investor und weitere Aktienkäufe.

GBC-Fokusbox

Aves One AG: Kursziel 13,60 €

Die Aves One AG ist auch in der Corona-Krise als Bestandshalter von langlebigen Logistik-Assets mit langfristigen Mietverträgen gut aufgestellt. Das Unternehmen hat als Guidance einen Umsatz und ein EBITDA mindestens auf Vorjahresniveau verkündet. Unseres Erachtens sollte dies auch ohne Zukäufe gut machbar sein, da die im abgelaufenen Geschäftsjahr 2019 erworbenen Assets bereits zu einer höheren Umsatzbasis führen sollten. Auf Basis unseres DCF-Modells haben wir ein Kursziel in Höhe von 13,60 € ermittelt und vergeben ein KAUFEN-Rating.

News im Fokus

E.ON SE: E.ON zeigt Stärke und Zuverlässigkeit in der Krise

28. Mai 2020, 12:00

Aktuelle Research-Studie

Aroundtown SA

Original-Research: Aroundtown SA (von First Berlin Equity Research GmbH): BUY

28. Mai 2020