11-07-16
DGAP-News: solidare sells property in Bonn to DREF
| DGAP-News: solidare real estate holding plc / Key word(s): Agreement/Contract 2016-07-11 / 13:21 The issuer is solely responsible for the content of this announcement. News Releasesolidare sells property in Bonn to DREFMalta, 11 July 2016: solidare real estate holding plc («solidare») (MT0000580101 / A1JGT0 / XNH) informs that it has sold its property on Plantanenweg 29, Bonn, to a subsidiary of DREF Deutsche Real Estate Fund, Luxembourg. The transaction was closed on 8th July 2016.The property on Plantanenweg 29 is a high-rise office building, which is now being converted into over 250 micro-apartments for students. The entire project has been planned by solidare Wohnraum, Bau- und Planungsgesellschaft mbH, and is now being executed by Primus Asset Management GmbH as general contractor. Both companies are subsidiaries of solidare, which is active in the entire real estate value chain covering planning, construction and the ongoing management of the property.The received liquidity will be used for the acquisition of further properties in central locations of German cities, which are suitable for the construction and use of micro-apartments.Further information about solidare can now be found at www.solidare.de. IR Contact: Torsten Graf NewMark Finanzkommunikation GmbH Zum Laurenburger Hof 76 DE-60594 Frankfurt Tel.: +49/ 69 / 94 41 80 64 Fax: +49 / 69 / 94 41 80 – 19 E-mail: ir@solidare.de www.solidare.de About solidare solidare real estate holding plc. is a listed real estate company that specializes in the growth market of micro-apartments, predominantly in Germany. Micro-apartments are furnished residential units with a floor area of between 20 and 50 m², which are mainly rented by singles, students, commuters and the elderly. The principal shareholder and CEO Zeki Yigit has been involved in real estate development for more than 15 years. With around 300 employees, solidare covers the entire value-creation chain from real estate identification, the structuring of the acquisition and financing, the planning and execution of the construction or conversion activities, marketing, ongoing administration and facility management. The Group pursues a dedicated growth strategy that aims at consolidating the market segment and enhancing efficiency by exploiting the comprehensive nature of the internal service portfolio. Disclaimer: This release may contain forward-looking statements based on current assumptions and forecasts made by the management of solidare or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of solidare and its affiliated companies and the estimates given here. Neither solidare nor its affiliated companies assume any liability to update these forward- looking statements or to adapt them to future events or developments. 2016-07-11 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: | solidare real estate holding plc |
| St. Christopher Street 168 | |
| VLT 1467 Valletta | |
| Malta | |
| Phone: | +356 21 22 7553 |
| Fax: | +356 21 22 7667 |
| E-mail: | info@solidare.de |
| Internet: | www.solidare.de |
| ISIN: | MT0000580101 |
| Listed: | Open Market (Entry Standard) in Frankfurt |
| End of News | DGAP News Service |