DGAP-News: GxP German Properties AG

GxP German Properties: Closing of two office assets in Frankfurt and Hamm
 
Frankfurt, October 13, 2017 - GxP German Properties (ISIN: DE000A2E4L00, WKN: A2E4L0) has closed the acquisitions of the two office assets in Frankfurt and Hamm with a combined market value of EUR 29.8 million and a total lettable area of approx. 17,200 square meters.
 
The current total market value of its real estate portfolio stands at approx. EUR 164 million thereof EUR 146 million currently on the balance sheet.
 
The transfer of ownership of the recently acquired asset in Berlin-Teltow with a market value of EUR 18.2 million and a total lettable area of approx. 10,000 square meters is on track to close as planned within the fourth quarter.

IR-Kontakt
Axel Mühlhaus / Patrick Wang
edicto GmbH
Eschersheimer Landstr. 42-44
D-60322 Frankfurt
Tel.: +49 (0) 69/ 905505-52
Fax: +49 (0) 69/ 905505-77
E-Mail: gxp@edicto.de