DGAP-News: Godewind Immobilien AG / Key word(s): Acquisition
24.10.2018 / 07:30
Godewind Immobilien AG acquires office building in Munich valued at around EUR 30.5 million
Frankfurt am Main, 24 October 2018 – Godewind Immobilien AG (ISIN: DE000A2G8XX3, ticker symbol: GWD, Godewind), a real estate company specialising in German commercial properties, has acquired an office property in the greater Munich area for a net price of EUR 30.5 million or EUR 1,621 per square meter as part of an asset deal. The property is situated in an industrial park in Kirchheim bei München and has a rental area of some 18,820 square metres and 683 car parking spaces. Its proximity to Munich and optimal infrastructure has attracted many well-known companies to set up in Kirchheim bei München. The transaction is set to close by end of the year.
Office building with significant value added potential
In addition, the office complex has a further 15,500 square metres available for expansion. Godewind is already in talks with a large healthcare provider about using this space.
Outlook: further acquisitions in the pipeline
Once the transaction has been completed Godewind will have a property portfolio of some EUR 100 million. Further acquisitions are being prepared for this year. In the months ahead the remaining funds from the IPO and additional borrowing are to be used to finance further acquisitions.
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
Investor Relations contact
This publication serves as a notification. The shares offered have already been sold.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|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 News||DGAP News Service|