Godewind Immobilien AG / Key word(s): Acquisition
Godewind Immobilien AG acquires first commercial properties for a purchase price of EUR 73.5 million

16-Oct-2018 / 16:50 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.


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 respective properties are two office complexes, one in Dusseldorf and one in Frankfurt. The closing of the transaction is expected by the end of this year.

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:

Contact
Gunnar Janssen
Investor Relations
Godewind Immobilien AG
Thurn-und-Taxis-Platz 6
60313 Frankfurt am Main
Germany
Tel.: +49 (0)69 257 375 190
Email: g.janssen@godewind-ag.com
www.godewind-ag.com

ISIN: DE000A2G8XX3
WKN: A2G8XX
Indices: Financial Services, Real Estate
Stock exchanges:
Frankfurt Regulated Market (Prime Standard), XETRA


16-Oct-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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