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DGAP-Adhoc: GxP German Properties acquires office portfolio for EUR73 million

GxP German Properties AG / Key word(s): Miscellaneous

15.10.2016 02:23

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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GxP German Properties acquires office portfolio for EUR 73 million

* Purchase of eight office properties with focus on the Frankfurt Rhine-Main Region * Total rental area of 65,100 square metres * Initial rental yield stands at 8.7 per cent

Berlin, 14 October 2016 - GxP German Properties today signed an agreement for the acquisition of a real estate portfolio for a purchase price of EUR 73 million. The portfolio consists of eight office properties with a lettable area of around 65,100 square meters. The current rental yield is around 8.7 per cent.

The majority of the acquired portfolio is located in the Frankfurt Rhine-Main Metropolitan Region with approximately 40,300 square meters. The remainder of the portfolio is split between Düsseldorf, Stuttgart, Mannheim and Hanover.

Closing of the transaction is expected end of November 2016.

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Information and Explanation of the Issuer to this News:

GxP German Properes AG

With its headquarters in Berlin, GxP German Properties focuses on the Acquisition, Ownership and Management of office and retail properties in Germany. The investment strategy focuses on attractive commercial properties in the Core+/Value add segments in metropolitan regions and selected mid-sized cities in Germany. The company's strategy is to leverage significant appreciation potential through proactive portfolio management whilst safeguarding sustainable rental revenues at the same time. To this end, it draws on both its many years of experience in the property market and its extensive network.

The company's website can be accessed at http://www.gxpag.com.

Contact details:

GxP German Properties AG Europa Center 19. OG Tauentzienstr. 9 10789 Berlin, Germany

TEL.: +49 (0)30 886 267 40 FAX: +49 (0)30 886 267 411 E-MAIL: info@gxpag.com

Kirchhoff Consult AG Herrengraben 1 20459 Hamburg, Germany

TEL.: +49 (0)40 609 186 65 FAX: +49 (0)40 609 186 60 E-MAIL: gxp@kirchhoff.de

15.10.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: GxP German Properties AG Tauentzienstraße 9 10789 Hamburg Germany Phone: +49 (0)30 88 62 67 40 Fax: +49 (0)30 88 62 67 411 E-mail: info@gxpag.com Internet: http://gxpag.com/ ISIN: DE000A1YCNN8 WKN: A1YCNN Listed: Regulated Unofficial Market in Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------