Godewind Immobilien AG / Key word(s): Acquisition/Real Estate
Godewind Immobilien AG agreed upon the acquisition of an office complex in Frankfurt for a purchase price of EUR 168 million

31-Oct-2018 / 17:49 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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Godewind Immobilien AG agreed upon the acquisition of an office complex in Frankfurt for a purchase price of EUR 168 million

Frankfurt, 31 October 2018. Godewind Immobilien AG, a real estate company specialising in German commercial properties (‘Godewind‘ ISIN: DE000A2G8XX3), has signed a purchase contract to acquire approximately 89.9 percent of an office building in Frankfurt within the framework of a share deal. The office complex has a total rental area of some 48,000 square metres. The purchase price for the entire property amounts to EUR 168 million. The transaction shall be closed by the end of the year.

Equity of around EUR 76 million is being used to finance the transaction. Existing financing of EUR 88 million, which also includes a reserve of EUR 27 million for capital expenditure and fittings, is to be taken over.

The contractually agreed rental income of the property amounts to approximately EUR 10.1 million per annum. The weighted average lease term (WALT) is around 6 years. The vacancy rate of the property amounts to around 18 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

 


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