CONSUS Commercial Property AG, DE000A2DA414

CONSUS Commercial Property AG, DE000A2DA414

12.06.2017 - 11:59:54

CONSUS Commercial Property acquires modern office building in Stuttgart and continues with its portfolio development

CONSUS Commercial Property acquires modern office building in Stuttgart and continues with its portfolio development Leipzig/Stuttgart, 12.06.2017 - The CONSUS Commercial Property AG ("CONSUS", ISIN DE000A2DA414), an opportunity-oriented commercial real estate investor with its focus on German real estates, acquires a 9.000 sqm modern office building in the Motorstrasse, Stuttgart. The 11th property in the purchase portfolio refers to various well-known companies as tenants and 100% occupancy. After the successful closing of the purchase portfolio, CONSUS initiates its next growth phase and develops its portfolio extension. It has been mutually agreed upon not to mention the purchase price.

Well-known companies such as Robert Bosch GmbH and Linde AG are long-term lease tenants in the office building that was erected in 1979 and extended in 2002. The property is located in the Weilimdorf area to the north-west of Stuttgart, primarily a location for offices, industry and logistics. The property offers commercial storage space along with 181 parking spaces - some of which are underground.

The modern office building has two stairways with lifts and is located on an 8,000 sqm plot. Thanks to its locality to the transport network, Stuttgart city centre and the Stuttgart International Airport are easily accessible.

Established on the market for over 17 years, publity AG has been commissioned to manage the asset management for the asset located in the Motorstrasse in Stuttgart. Therefor the office building is the 590. asset in the publity portfolio.

Stanley Bronisz, CEO of CONSUS Commercial Property AG, says: "Stuttgart is one of the top 7 investment locations in Germany. The location of the porperty to the north of Stuttgart, particularly good transport network and locality to the A81 make this a very attractive proposition."

Press contact edicto GmbH Axel Muehlhaus/ Dr. Soenke Knop Telefon: +49 69 905505-52 E-Mail: Consus@edicto.de

About CONSUS Commercial Property AG

CONSUS Commercial Property AG is an opportunity-oriented commercial real estate investor with its focus on dynamically building an office property based portfolio. With a value-add approach and acquisitions resulting from unique situations, CONSUS looks to achieve an above-average increase in value and return. CONSUS is dynamically developing the real estate portfolio with the target of being a long term leading commercial real estate investor in Germany. Specializing in properties that have a market value of between 10 and 25 million Euros means it is active in and are able to profit from a less competitive environment compared to other property sizes. With the attractive initial net yields that can be realized in the value-add segment of this size category, it sees itself as being very well positioned for different market cycles and financing environments. A dynamic Asset Management serves the additional realization of values and increasing rental income of the portfolio.Having developed excellent and efficient business structures and liaising with leading partners in the German market in the areas of property acquisition, deal processing and asset management, CONSUS expects to generate substantial funds from operations (FFO).

 

 

12.06.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: CONSUS Commercial Property AG Landsteinerstraße 6 04103 Leipzig

Germany Phone: +49 (0)341 / 26 17 87 - 0 Fax: +49 (0)341 / 26 17 87 - 31 E-mail: j.barthelmaes@consus-cp.de Internet: http://consus-cp.de ISIN: DE000A2DA414 WKN: A2DA41   End of News DGAP News Service

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