Godewind Immobilien AG / Key word(s): Acquisition
Godewind Immobilien AG acquires two additional office properties for a purchase price of EUR 205 million

11-Dec-2018 / 14:32 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.
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Ad hoc disclosure pursuant to Article 17 of the MAR

Godewind Immobilien AG acquires two additional office properties for a purchase price of EUR 205 million

Frankfurt, 11 December 2018. Godewind Immobilien AG, a real estate company specialising in German commercial property, (‘Godewind‘, ISIN: DE000A2G8XX3) has agreed to acquire two additional office properties, for a purchase price of EUR 205 million and a total rental area of around 74,400 square metres.
The respective properties are two office complexes, one in Frankfurt am Main and one in Hamburg-Eppendorf. The closing of the transaction is expected latest by the end of April next year.

The acquisition of the two properties will generate rental income of total EUR 9.4 million per annum for Godewind Immobilien AG after transfer of ownership. The weighted average lease term (WALT) is around 3.7 years. The vacancy rate of the two properties amounts to around 21 percent.
 

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

 


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