PREOS Global Office Real Estate & Technology AG
PREOS Real Estate AG plans to purchase properties worth up to EUR 2 billion in 2020
DGAP-News: PREOS Real Estate AG
/ Key word(s): Real Estate
PREOS Real Estate AG plans to purchase properties worth up to EUR 2 billion in 2020 – Real estate portfolio currently at around 1.1 billion euros – In 2019 alone, properties worth almost 1 billion euros acquired and one large property sold – Investment focus on large-volume properties over EUR 50 million market value
In 2019 alone, the subsidiary publity Investor GmbH acquired properties for the portfolio worth almost 1 billion euros. These include, for example, the Sky Germany headquarters near Munich with a total rental space of 30,390 square meters, the Access Tower in Frankfurt/Main, which is almost 21,000 square meters in size, and the Karstadt headquarters in Essen with a total rental space of approximately 100,000 square meters. Furthermore, the purchase agreement for the Centurion in Frankfurt/Main was notarised in 2019. The transaction will be closed during the first quarter of 2020. The sale of the approximately 26,000 square meter St. Martin Tower in Frankfurt/Main also enabled existing market opportunities to be successfully exploited. The PREOS portfolio currently consists of 19 properties with a lettable area of more than 300,000 square meters. Frederik Mehlitz, CEO of PREOS Real Estate AG: “We are proud that we have been able to advance the expansion of our real estate portfolio so rapidly. Our planned rate of expansion for 2020 also remains high and we believe we are very well positioned for this. Decisive for this is the very good access to attractive properties through publity with its extensive property database of around 9,000 properties and the very broad network”. About PREOS Real Estate AG Investor & Public Relations
04.02.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | PREOS Real Estate AG |
Landsteinerstraße 6 | |
04103 Leipzig | |
Germany | |
Phone: | 0341 261787790 |
E-mail: | info@preos.de |
Internet: | www.preos.de |
ISIN: | DE000A2LQ850 |
WKN: | A2LQ85 |
Listed: | Regulated Unofficial Market in Frankfurt, Munich |
EQS News ID: | 967217 |
End of News | DGAP News Service |