M&A Activity • Sep 26, 2019
M&A Activity
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26-Sep-2019 / 10:01 CET/CEST Disclosure of an inside information acc. toArticle 17 MARof the Regulation (EU) No 596/2014, transmitted byDGAP- a service of EQS GroupAG. The issuer is solelyresponsible for the content of this announcement.
Aschaffenburg, 26 September 2019 - EyemaxxReal EstateAG(General Standard; ISIN:DE000A0V9L94;"Eyemaxx") has reached an economic agreement about the sale of its logistics centre consisting of two halls let to a large extent as well as essential parts of its plots of land in Serbia.Acorresponding letter of intent (LOI) has been signed todaywith a strategic investor in which an agreement has been reached about all essential transaction parameters. It is intended that Eyemaxxsells through a combination of share and asset deal the two large logistics halls on the one hand and extensive plots of land, on the other, located in Stara Pazova on the outskirts of Belgrade for a significant double digit million euro amount to the investor. The deal involves two logistics halls with a lettable area of around 46,000 square metres with partlyinternationallyrenowned anchor tenants as well as plots of land totalling approximately140,000 square metres. Eyemaxxwill receive from this sale a net liquidityinflowof more than EUR15 million.
Information and Explanation of the Issuer to this News:
Dr. Michael Müller,CEOof Eyemaxx: 'We are absolutelyconfident that the transaction will be implemented in the planned form. With the realisation of the appreciations achieved byus during the past years,we bring our commitment in Serbia to a successful close and document once more that in Serbia, too,we had the right feeling for attractive project developments. We are pleased about the high return on investment and will use the inflowof liquidityfor the further strengthening of Eyemaxxand newprojects.'
Investor Relations / Financial Press Axel Mühlhaus, PeggyKropmanns edictoGmbH [email protected] Telephone: +49 69 905505-52
EyemaxxReal EstateAGis a real estate companywith a long-standing successful track record, focussing on residential properties in GermanyandAustria. In the company's recent past its corporate strategyhas also included hotels and serviced apartments as well as developing urban districts inGermany.
Eyemaxx' business activities take a dual-pronged approach. These include high-margin projects and also the continued expansion of its stocks of let commercial properties,which generate ongoing rental income and thus constant cash flows. In so doing, Eyemaxxuses the expertise offered byits experienced management team together with a strong team of real estate professionals, and also a wellestablished and broad networkwhich opens up additional access to attractive properties and projects.As a result, the current project pipeline has been grown to a total of around EUR855 million.
Shares of EyemaxxReal EstateAGare listed in theGeneral Standard of the Frankfurt Stock Exchange and in the direct market plus on the Vienna Stock Exchange. The companyhas also issued several bonds,which are likewise listed on the stock exchange.
You can find more information atwww.eyemaxx.com
26-Sep-2019 CET/CESTThe DGAPDistribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.
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