DGAP-News: Godewind Immobilien AG / Key word(s): Contract/Real Estate
24.09.2019 / 07:35
Godewind Immobilien AG with first significant lease success in Aschheim near Munich
Frankfurt am Main, 24 September 2019 – Godewind Immobilien AG (ISIN: DE000A2G8XX3, trading symbol: GWD, Godewind), a company specializing in German office real estate, announces the first success in the reduction of vacancies in its office complex Eight Dornach in Aschheim near Munich.
Godewind concluded with a DAX listed company a rental agreement for 4,145 m² office space at attractive market rents. The rental contract has a term of 5 years initially. The rental period is expected to begin on the 1 May 2020. As a result of this significant new rental success the asset KPIs will improve based on the contractually secured rental agreements as follow:
– Pro forma annualized rental income will increase to more than EUR 1.8 million
These parameters will have a positive impact on the valuation of the Eight Dornach property as of year end 2019. The total new letting performance since the acquisition of all assets reduces the pro forma portfolio vacancy rate now to below 11 percent. This strategically acquired vacant space further on offers outstanding growth potential and helps to increase Godewind’s net asset value (NAV) even further in the medium term. Godewind’s recent rental success is an important milestone in this respect and proves again the attractiveness of the company’s value-add-/manage-2-core-strategy.
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About Godewind Immobilien AG
Based on internal portfolio and asset management, Godewind Immobilien AG will manage commercial properties cost effectively, conclude long-term tenancy agreements and thus increase the value of the company. The company has loss carryforwards for corporation and trade tax and a tax deposit account. The Godewind Immobilien AG share is listed at the highest transparency level of Deutsche Börse AG, Prime Standard, and is traded amongst other in the XETRA market segment of the Frankfurt Stock Exchange (FWB). For further information please visit https://www.covivio-office-ag.com.
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|Company:||Godewind Immobilien AG|
|60329 Frankfurt am Main|
|Phone:||+49 (0) 69 2713973213|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||878407|
|End of News||DGAP News Service|