AI Terminal
Gateway Real Estate AG
M&A Activity • Aug 19, 2019
175_rns_2019-08-19_593816d6-d089-4716-8bfb-5fc02902eb9a.html
M&A Activity
Open in ViewerOpens in native device viewer
News Details
Corporate | 19 August 2019 15:33
Gateway Real Estate AG sells portfolio of existing properties
DGAP-News: Gateway Real Estate AG / Key word(s): Disposal
19.08.2019 / 15:33
The issuer is solely responsible for the content of this announcement.
Corporate News
Gateway Real Estate AG sells portfolio of existing properties
– Sale of 21 commercial properties from the existing portfolio
– Purchase price of EUR 242 million
– Sales proceeds accelerate implementation of new corporate strategy
Frankfurt, August 19, 2019 – Gateway Real Estate AG (WKN: A0JJTG / ISIN: DE000A0JJJTG7), one of the leading developers in the German real estate market, has sold a portfolio of 21 commercial and retail properties. The buyer of the portfolio is a special fund of German pension funds. The purchase price amounts to EUR 242 million. All properties are located in good inner-city locations in Germany.
“The sale of this portfolio of existing properties is part of our strategic focus on the project development of office properties and inner-city commercial buildings. The proceeds from the sale will enable us to continue this growth in a targeted manner,” said Manfred Hillenbrand, CEO of Gateway Real Estate, explaining the transaction.
Gateway Real Estate AG concentrates on the top 7 locations in Germany and currently has a project development volume of around EUR 5 billion.
About Gateway Real Estate
Gateway Real Estate AG is a leading listed developer of commercial and residential real estate in Germany (WKN: A0JJTG / ISIN: DE000A0JJJTG7). The company has a broadly diversified portfolio, excellent market access and a well-filled project pipeline. In this way, the company achieves sustainable and profitable growth. The Group is currently developing real estate with an estimated gross development volume (GDV) of around EUR 5 billion.
Further information: www.gateway-re.de/en/
Press Contact | Gateway Real Estate AG
Sven Annutsch
Gateway Real Estate AG
The Squaire No. 13, At the airport
60549 Frankfurt am Main, Germany
T +49 (0) 69 78808800 0
F +49 (0) 69 78 80 88 00-99
E-mail: [email protected]
19.08.2019 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: | Gateway Real Estate AG |
| THE SQUAIRE – Zugang N°13 | |
| 60549 Frankfurt/Main | |
| Germany | |
| Phone: | +49 (0) 69 788 088 00 -0 |
| Fax: | +49 (0) 69 788 088 00 – 99 |
| E-mail: | [email protected] |
| Internet: | www.gateway-re.de |
| ISIN: | DE000A0JJTG7 |
| WKN: | A0JJTG |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart |
| EQS News ID: | 859619 |
| End of News | DGAP News Service |