Godewind Immobilien AG / Key word(s): Acquisition
16-Oct-2018 / 16:50 CET/CEST
Godewind Immobilien AG acquires first commercial properties for a purchase price of EUR 73.5 million
Frankfurt, 16 October 2018. Godewind Immobilien AG, a real estate company specialising in German commercial property, (‘Godewind‘, ISIN: DE000A2G8XX3) has agreed to acquire its first two commercial properties, with a purchase price of EUR 73.5 million and a total rental area of around 29,300 square metres.
The properties are initially financed with cash funds from Godewind Immobilien AG.
The acquisition of the two properties will generate rental income of EUR 4.2 million per annum for Godewind Immobilien AG after transfer of ownership. The weighted average lease term (WALT) is around 3 years. The vacancy rate of the two properties amounts to around 5.3 percent and the FFO-yield before ‘overheads’ is approx. 8 percent.
Information and Explanation of the Issuer to this News:
|Company:||Godewind Immobilien AG|
|60313 Frankfurt am Main|
|Phone:||+49 (0) 69 257375 192|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|End of Announcement||DGAP News Service|