M&A Activity • Sep 23, 2013
M&A Activity
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Corporate | 23 September 2013 22:32
PATRIZIA Immobilien AG: PATRIZIA signs binding agreement to acquire office property portfolio
PATRIZIA Immobilien AG / Key word(s): Letter of Intent/Real Estate
23.09.2013 / 22:32
PATRIZIA Immobilien AG: PATRIZIA signs binding agreement to acquire office property portfolio
Augsburg, 23 September 2013. PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) has concluded a binding agreement to acquire a portfolio of 36 office properties with approx. 450,000 sqm rentable space. The seller is a subsidiary of CA Immobilien Anlagen AG. All office properties are located in and leased to the German federal state of Hesse on a very long-term basis. The fair value of the properties amounts to approx. EUR 0.8 billion. The terms of a sales/purchase agreement have been agreed between the parties. Closing of the transaction is envisaged before year end 2013. PATRIZIA acts on behalf of a consortium of institutional investors all based in German speaking countries investing through a special real estate fund.
The Managing Board
Augsburg, 23 September 2013
PATRIZIA Immobilien AG
PATRIZIA Bürohaus
Fuggerstrasse 26
86150 Augsburg
Germany
Listing: Frankfurt Official Market (Prime Standard)
ISIN: DE000PAT1AG3
SIN: PAT1AG
Contact
| Investor Relations Margit Miller P: +49 151 16150285 Verena Schopp de Alvarenga P: +49 151 65279782 [email protected] |
Press Andreas Menke P: +49 821 50910-655 [email protected] |
End of Corporate News
23.09.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | PATRIZIA Immobilien AG |
| Fuggerstraße 26 | |
| 86150 Augsburg | |
| Germany | |
| Phone: | +49 (0)821 – 509 10-000 |
| Fax: | +49 (0)821 – 509 10-999 |
| E-mail: | [email protected] |
| Internet: | www.patrizia.ag |
| ISIN: | DE000PAT1AG3 |
| WKN: | PAT1AG |
| Indices: | SDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart |
| End of News | DGAP News-Service |
| - - - |
| 231510 23.09.2013 |
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