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Noratis AG
Regulatory Filings • May 19, 2020
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Corporate | 19 May 2020 08:30
Noratis AG: Noratis continues to grow: After purchase in Rüsselsheim, portfolio in Rhine-Main increases to more than 700 units
DGAP-News: Noratis AG / Key word(s): Real Estate
19.05.2020 / 08:30
The issuer is solely responsible for the content of this announcement.
Noratis continues to grow: After purchase in Rüsselsheim, portfolio in Rhine-Main increases to more than 700 units
– Acquisition of five properties with 83 residential units
– Further extension of the real estate portfolio planned
Eschborn, 19 May 2020 – Noratis AG (ISIN: DE000A2E4MK4, WKN: A2E4MK, “Noratis”) continues its growth course in 2020 and has acquired a residential property portfolio in Rüsselsheim. As a result, the real estate portfolio in the Rhine-Main region increases to more than 700 units. Further purchases in the region and in attractive secondary locations throughout Germany are planned.
The most recent acquisition by Noratis, a leading portfolio developer of residential properties in Germany, consists of five residential buildings with a total of 83 residential units and a lettable area of around 8,300 m 2 . The properties were built in the years 1971-1973 und have significant development potential, for instance concerning building services.
The residential portfolio benefits from an attractive location with an excellent infrastructure as well as a very good access to public transportation. Moreover, the properties are close to many large employers. Rüsselsheim itself is an economically strong city situated in the middle of the Rhine-Main region.
The transaction was brokered by CBRE Frankfurt. Konstantin Lüttger, Head of Residential Investment Germany: “The location, substance and existing potential are the distinguishing festures of the residential portfolio. In this transaction the professional handling and the highly efficient decision-making process were decisive for Noratis.”
Flaminia zu Salm-Salm, Head of Transaction Management of Noratis AG adds: “After acquisitions in Saxony and Lower Saxony, this third acquisition of the year shows that we are right on track. And we want to continue to grow; we are, therefore, constantly looking for attractive properties with development potential, both on our Rhine-Main local market and throughout Germany.”
About Noratis:
Noratis AG ( www.noratis.de ) is a leading portfolio developer of residential properties in Germany. The company identifies and realizes potentials for tenants, owner-occupiers & investors, thereby creating and preserving attractive and at the same time affordable living space throughout Germany. Noratis specializes in the upgrading of ageing residential portfolios, mostly company-owned apartments, residential areas or housing estates in cities with more than 10,000 inhabitants and in peripheral areas of conurbations. After a successful development, the properties remain in the company’s portfolio or are sold in the medium term to investors and/or individually to existing tenants, capital investors and owner-occupiers. In this way, Noratis creates a noticeable and sustainable added value for all stakeholders: from investors, employees and financing partners to current and future tenants. Noratis AG is listed on the Frankfurt Stock Exchange.
Investor & Public Relations Contact:
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
T +49 (0)69 905 505 52
Eschersheimer Landstraße 42
60322 Frankfurt am Main
Germany
19.05.2020 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: | Noratis AG |
| Hauptstraße 129 | |
| 65760 Eschborn | |
| Germany | |
| Phone: | +49 (0) 69 / 170 77 68 20 |
| E-mail: | [email protected] |
| Internet: | www.noratis.de |
| ISIN: | DE000A2E4MK4 |
| WKN: | A2E4MK |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1049727 |
| End of News | DGAP News Service |