InCity Immobilien AG, DE000A0HNF96

InCity Immobilien AG, DE000A0HNF96

18.12.2017 - 17:16:28

InCity Immobilien AG: INCITY PURCHASES PROPERTY IN THE FRANKFURT CITY CENTER

INCITY PURCHASES PROPERTY IN THE FRANKFURT CITY CENTER  

Further fully let residential and office building acquired in the immediate vicinity of the "Zeil" shopping district The change in ownership and transfer of risks and rewards is to take place at the beginning of 2018

Frankfurt am Main, December 18, 2017 - InCity Immobilien AG has acquired a six-story residential and office building with mainly residential units in Frankfurt am Main, in the immediate vicinity of the "Zeil" shopping district, through a subsidiary, expanding its property portfolio by an eighth building.  

The property is located at Stiftstrasse 18-20 and is fully let with a rentable area of approximately 1,500 sqm, about 60% of which are allotted to residential space. The property currently generates gross rental income of approximately EUR 365k annually. The parties have agreed not to disclose the purchase price.  

Due to the property's micro-location in the Frankfurt am Main city center in the immediate vicinity of the "Zeil" shopping district as well as the extensive modernization measures carried out in 2015, long-term value stability is predicted.  

In addition to the field of office and commercial portfolio properties, InCity plans to develop its apartment portfolio as a smaller source of income in the medium term. With the acquisition of the property at Stiftstrasse 18-20, the residential portfolio of InCity now includes approximately 90 apartments.  

Reporting and contact person: Helge H. Hehl, CFA CFO InCity Immobilien AG Beethovenstrasse 71 60325 Frankfurt am Main, Germany Phone: +49 (0)69 7191889 55 E-mail: ir@incity.ag

Language: English Company: InCity Immobilien AG Beethovenstrasse 71 60325 Frankfurt am Main Germany Phone: IR: +49 (0)69 7191889 55 PR: +49 (0)69 7191889 66 Fax: +49 (0)69 719 18 89 790 E-mail: ir@incity.ag Internet: www.incity.ag ISIN: DE000A0HNF96 WKN: A0HNF9 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Stuttgart, Tradegate Exchange

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

Language: English Company: InCity Immobilien AG Beethovenstraße 71 60325 Frankfurt am Main

Germany Phone: IR: +49 (0)69 7191889 55 PR: +49 (0)69 7191889 66 Fax: +49 (0) 69 719 18 89 790 E-mail: ir@incity.ag Internet: www.incity.ag ISIN: DE000A0HNF96 WKN: A0HNF9 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Stuttgart, Tradegate Exchange   End of Announcement DGAP News Service

639667  18-Dec-2017 CET/CEST

@ dgap.de

Amazon wird sich schwarzärgern, aber …

… wir schenken Ihnen den Report „Börsenpsychologie - Markttechnik für Trader“ heute trotzdem kostenfrei. Normalerweise kostet der Report im Onlinehandel 39,99 Euro.

Sie können sich den genialen Report heute jedoch absolut kostenfrei sichern. Wir senden Ihnen den Report vollkommen KOSTENFREI zu.

Jetzt HIER klicken und dank richtigen Timing reich an der Börse werden!