DGAP-News: Godewind Immobilien AG / Key word(s): Acquisition
11.12.2018 / 14:35
Godewind Immobilien AG acquires further office properties in Frankfurt and Hamburg worth approx. EUR 205 million
– The acquisition comprises two office complexes, one in Frankfurt am Main and one in Hamburg-Eppendorf, with a total rental area of around 74,500 square metres.
– Both properties boast considerable potential for value appreciation and already generate rental incomes of around EUR 9.4 million per annum with a vacancy rate of 21 percent.
– Ongoing negotiations on the acquisition of further properties are set to be completed within the next few months.
Frankfurt am Main, 11 December 2018 – Godewind Immobilien AG (ISIN: DE000A2G8XX3, ticker symbol: GWD, Godewind), a real estate company specialising in German commercial property, has agreed to acquire two further office properties. This ‘asset deal’ acquisition relates to two office complexes, one in Frankfurt am Main and one in Hamburg-Eppendorf, with a total rental area of 74,452 square metres and a total of 1,349 parking slots. The total purchase price amounts to around EUR 205 million or an average of EUR 2,753 per square meter.
Properties with a gross initial yield of 4.6 percent and potential for value appreciation
Financing mix opens further growth potential for Godewind
Outlook: further acquisitions in the pipeline
About Godewind Immobilien AG
Based on its internal portfolio and asset management, Godewind Immobilien AG will manage commercial properties cost-effectively, enter into long-term tenancy agreements and thus increase its enterprise value. The company has tax loss carry-forwards for corporation and trade tax, as well as a tax-free capital reserve. The shares in Godewind Immobilien AG are traded in the Prime Standard segment on the Frankfurt Stock Exchange (FWB).
For more information, please visit https://www.covivio-office-ag.com
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These materials are for informational purposes only and are not intended to constitute, and should not be construed as, an offer to sell or subscribe for, or the announcement of a forthcoming offer to sell or subscribe for, or a solicitation of any offer to buy or subscribe for, or the announcement of a forthcoming solicitation of any offer to buy or subscribe for, ordinary shares in the share capital of Godewind Immobilien AG and such shares in the United States or in any other jurisdiction.
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|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, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|