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Godewind Immobilien AG, DE000A2G8XX3

Godewind Immobilien AG, DE000A2G8XX3

19.11.2019 - 12:36:33

Godewind Immobilien AG optimizes electricity and gas supply

Godewind Immobilien AG optimizes electricity and gas supply

Purchasing costs for natural gas reduced by 25% Planned transition of the office real estate portfolio to CO2-neutral energy supply

Frankfurt am Main, 19 November 2019 - Godewind Immobilien AG (ISIN: DE000A2G8XX3, trading symbol: GWD, Godewind), a company specializing in German office real estate, has optimized the electricity and gas supply for the entire Godewind real estate portfolio with Argentus, a consulting firm specializing in operational cost management. For this purpose, the future energy supply contracts were newly tendered for a period until the end of 2023. In total, these measures shall save 25 percent of the existing costs for natural gas. In addition, in the future Godewind will be advised by Argentus in the process of converting Godewind to a completely CO2-neutral energy supply. "Sustainability is a major issue for us, and it is important to us to operate our properties in a way that conserves resources as much as possible. Also in the interest of our tenants, we will continue to pursue the topics of optimizing operating costs and CO2 neutrality together with Argentus. As the next step, we plan to turn the energy supply of our portfolio into a completely climate-neutral system," says Marcus Sälinger, Head of Asset Management at Godewind Immobilien AG.About Godewind Immobilien AG Godewind Immobilien AG, headquartered in Frankfurt am Main, is a company specialising in German office properties. The company's focus is on creating and expanding an attractive real estate portfolio in Germany's growth centres. As an active portfolio and asset manager, Godewind strives for sustainable increases in earnings and income, which are supplemented by regularly increasing upside potential. Godewind currently has an office property portfolio totalling more than EUR 1 billion. In the medium term, the aim is to create a commercial real estate portfolio of at least EUR 3 billion with the help of a wide-ranging network and by means of value-added acquisitions. Based on internal portfolio and asset management, Godewind Immobilien AG will manage commercial properties cost effectively, conclude long-term tenancy agreements and thus increase the value of the company. The company has loss carryforwards for corporation and trade tax and a tax deposit account. The Godewind Immobilien AG share is listed at the highest transparency level of Deutsche Börse AG, Prime Standard, and is traded amongst other in the XETRA market segment of the Frankfurt Stock Exchange (FWB). For further information please visit https://www.godewind-ag.com.Contact details Investor Relations contact Gunnar Janssen Godewind Immobilien AG Telefon +49 69 27 13 97 32 13 E-Mail g.janssen@godewind-ag.comPress contact Jan Hutterer Kirchhoff Consult AG Telefon +49 40 60 91 86 65 E-Mail godewind-ag@kirchhoff.de

End of Media Release Issuer: Godewind Immobilien AG Key word(s): Real estate

19.11.2019 Dissemination of a Press Release, 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: Godewind Immobilien AG Taunusanlage 8 60329 Frankfurt am Main

Germany Phone: +49 (0) 69 2713973213 E-mail: g.janssen@godewind-ag.com ISIN: DE000A2G8XX3 WKN: A2G8XX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 916155   End of News DGAP Media

916155  19.11.2019 

@ dgap.de