CR Capital Real Estate AG, DE000A2GS625

CR Capital Real Estate AG, DE000A2GS625

21.11.2017 - 10:32:18

CR Capital Real Estate AG: Acquisition of KENT Immobilienmanagement GmbH for further expansion of business model.

CR Capital Real Estate AG acquired KENT Immobilienmanagement GmbH. Both companies are cooperating on operational projects since many years. KENT Immobilienmanagement GmbH, founded in 1996 in Berlin, currently manages 2200 units of residential and commercial real estate in Berlin, Potsdam and Leipzig.  Stefan Demske, CEO of CR Capital Real Estate AG: "By acquiring KENT Immobilienmanagement GmbH we are broadening our value chain by a professional asset management business with excellent development potential. We will increase volumes and generate further revenues from consulting and servicing business."   Due to a pleasing operational performance in the year to date, the company expects annual results above previous year level. Subject to the approval of the annual financial statements, the company is going to pay out a dividend of EUR 1,00/share. The publication of preliminary annual results is scheduled for March 2018.      Contact: CR Capital Real Estate AG Fasanenstraße 77 10623 Berlin Tel.: +49 (0)30 889 26 88 0 Fax: +49 (0)30 889 26 88 69 E-Mail: info@cr-cap.de www.capital-real-estate-ag.de

21-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: CR Capital Real Estate AG Fasanenstraße 77 10623 Berlin

Germany Phone: +49 30 889 26 88 0 Fax: +49 30 889 26 88 69 E-mail: info@cr-cap.de Internet: www.capital-real-estate-ag.de ISIN: DE000A2GS625 WKN: A2GS62 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Stuttgart, Tradegate Exchange   End of Announcement DGAP News Service

631303  21-Nov-2017 CET/CEST

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