Ihr Broker

  • DAX 0,70
  • EUR/USD 0,50
  • GOLD 0,30

Nur Spreads

Keine Kommission

Jetzt registrieren

CFDs sind komplexe Instrumente und umfassen aufgrund der Hebelfinanzierung ein hohes Risiko, schnell Geld zu verlieren.

Coreo AG, DE000A0B9VV6

Coreo AG, DE000A0B9VV6

05.11.2019 - 08:02:37

Coreo acquires residential portfolio in North Rhine-Westphalia

Coreo acquires residential portfolio in North Rhine-Westphalia

272 residential units at 4 locations 19,800 m² total rentable area Closing in 2020

Frankfurt am Main - 5 November 2019 - Coreo acquired a total of 272 apartments and a commercial unit from LEG in Wuppertal, Bielefeld, Gelsenkirchen and Lünen. The residential portfolio is almost completely rented. The special status of the properties as publicly subsidised ends in 2021 and 2024 respectively. The properties in Wuppertal and Bielefeld shall remain in the portfolio long term, held by a newly founded SPV (special purpose vehicle). Coreo acquired the properties in Gelsenkirchen and Lünen directly with the Coreo AG because the company anticipates additional development potential.

The closing will take place at the beginning of the coming year in accordance with the sales and purchase contract. As a result, the property portfolio will generate revenue and earnings contributions for the first time in the business year 2020. The parties agreed not to disclose the acquisition price.

"I am delighted about the acquisition of our first residential portfolio in the most populous German state. Here, we also see extremely interesting development opportunities for some properties, as we experienced with our residential portfolio in Göttingen and the Hydra portfolio. Furthermore, we want to exploit the opportunities offered by the local real estate market", explains Marin N. Marinov regarding the planned approach and looks forward to the continuation of Coreo's success story.  

About Coreo AG Coreo AG, which has its registered office in Frankfurt am Main, is a dynamically growing real estate company with a focus on German commercial and residential properties. Investments are made in real estate with considerable potential for appreciation thru refurbishment and repositioning, preferred in A and B macro locations. The goal is to build up an efficiently managed, high-yielding real estate portfolio through prudent development and the sale of non-strategic properties.

Contact: Coreo AG Felix Krekel, CIIA Investor Relations Grüneburgweg 18 D-60322 Frankfurt a. M. ir@coreo.de T: +49 69 219396-0

05.11.2019 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: Coreo AG Grüneburgweg 18 60322 Frankfurt am Main

Germany Phone: +49 69 2193 96-0 Fax: +49 69 2193 96-150 E-mail: ir@coreo.de Internet: www.coreo.de ISIN: DE000A0B9VV6 WKN: A0B9VV Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 903481   End of News DGAP News Service

903481  05.11.2019 

@ dgap.de