GxP German Properties AG, DE000A2E4L00

GxP German Properties AG, DE000A2E4L00

13.10.2017 - 09:03:42

GxP German Properties AG: Closing of two office assets in Frankfurt and Hamm

GxP German Properties: Closing of two office assets in Frankfurt and Hamm  Frankfurt, October 13, 2017 - GxP German Properties (ISIN: DE000A2E4L00, WKN: A2E4L0) has closed the acquisitions of the two office assets in Frankfurt and Hamm with a combined market value of EUR 29.8 million and a total lettable area of approx. 17,200 square meters.   The current total market value of its real estate portfolio stands at approx. EUR 164 million thereof EUR 146 million currently on the balance sheet.   The transfer of ownership of the recently acquired asset in Berlin-Teltow with a market value of EUR 18.2 million and a total lettable area of approx. 10,000 square meters is on track to close as planned within the fourth quarter.IR-Kontakt Axel Mühlhaus / Patrick Wang edicto GmbH Eschersheimer Landstr. 42-44 D-60322 Frankfurt Tel.: +49 (0) 69/ 905505-52 Fax: +49 (0) 69/ 905505-77 E-Mail: gxp@edicto.de

13.10.2017 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: GxP German Properties AG Tauentzienstraße 9 10789 Hamburg

Germany Phone: +49 (0)30 88 62 67 40 Fax: +49 (0)30 88 62 67 411 E-mail: info@gxpag.com Internet: http://gxpag.com/ ISIN: DE000A2E4L00 WKN: A2E4L0 Listed: Regulated Unofficial Market in Hamburg, Munich, Stuttgart; Open Market (Basic Board) in Frankfurt   End of News DGAP News Service

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