InCity Immobilien AG

M&A Activity • Nov 9, 2018

News Details

Ad-hoc | 9 November 2018 13:10

InCity Immobilien AG: INCITY ACQUIRES OFFICE PROPERTY IN BERLIN AT THE LEIPZIGER PLATZ FROM QUANTUM

InCity Immobilien AG / Key word(s): Acquisition

InCity Immobilien AG: INCITY ACQUIRES OFFICE PROPERTY IN BERLIN AT THE LEIPZIGER PLATZ FROM QUANTUM

09-Nov-2018 / 13:10 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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INCITY ACQUIRES OFFICE PROPERTY IN BERLIN AT THE LEIPZIGER PLATZ FROM QUANTUM

• Almost fully let residential and commercial property located directly at the Leipziger Platz in Berlin-Mitte acquired from Quantum Immobilien

• The change in ownership and transfer of risks and rewards is scheduled to take place at the end of 2018

Frankfurt am Main, 9 November 2018 – InCity Immobilien AG has acquired a ten-storey residential and commercial property, mainly with office units, located directly at the Leipziger Platz in Berlin via a subsidiary and has concluded a notarial deed of sale for this property today. The company’s property portfolio now consists of ten properties.

The property is located at Leipziger Platz 8, Erna-Berger-Strasse 5 in Berlin-Mitte and is nearly fully let with a rentable area of approximately 5,100 sqm, of which about two thirds are allotted to office space. The ten-storey building was constructed between 2000 and 2003. It features two entrances, the imposing main entrance in the front building facing the Leipziger Platz and the side entrance at Erna-Berger-Strasse 5. The property currently generates rental income (net cold rent) of more than EUR 1 m annually. The parties have agreed not to disclose the purchase price. The closing of the transaction and payment of the purchase price are subject to various standard customary closing conditions.

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

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09-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de

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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