DGAP-News: EYEMAXX Real Estate AG / Key word(s): Real Estate
EYEMAXX Real Estate AG: EYEMAXX secures attractive construction site for hotel in Berlin-Treptow

04.07.2018 / 11:01
The issuer is solely responsible for the content of this announcement.


EYEMAXX secures attractive construction site for hotel in Berlin-Treptow

* EYEMAXX signs notarial agreement for a plot of 3,854 square meters for a further hotel in Berlin-Treptow, LOI concluded with a hotel operator with an excellent credit rating
* Project volume of around EUR 33 million - construction expected to start in Q2 2019
* Return on equity expected to be in double-digit percentage range
* Work scheduled to be completed by the end of 2020

Aschaffenburg, 4 July 2018 - EYEMAXX Real Estate AG (General Standard; ISIN DE000A0V9L94) has secured an attractive construction site in Berlin to build a hotel. As a result the company has increased its project pipeline to EUR 910 million.

The hotel project offers around 260 rooms and will be created in Berlin-Treptow on a construction site of 3,854 square meters. The net usable area totals 5,646 square meters. The property enjoys an excellent location in Berlin-Treptow and also commands 59 underground parking spaces.

Construction for the hotel project is scheduled to start in the second quarter of 2019 and completion is planned for the end of 2020. The construction project has a volume of around EUR 33 million and is expected to throw of a return on equity in the upper double-digit percentage range.

Dr. Michael Müller, the CEO and major shareholder of EYEMAXX commented: "This new project is reinforcing our activities in the high-growth hotel property segment. Demand for investment-relevant hotel properties continues to be high, in particular in urban conurbations such as Berlin."


About EYEMAXX Real Estate AG

EYEMAXX Real Estate AG is a real estate company with a long-standing successful track record, focussing on residential properties in Germany and Austria. In addition, EYEMAXX also realizes nursing homes in Germany and commercial properties in central Europe. In the company's recent past its corporate strategy has also included developing urban districts in Germany.

EYEMAXX' business activities take a dual-pronged approach. These include high-margin projects and 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, EYEMAXX uses the expertise offered by its experienced management team together with a strong team of real estate professionals, and also a well-established and broad network which opens up additional access to attractive properties and projects. The current project pipeline has thus been expanded to about EUR 910 million.

Shares of EYEMAXX Real Estate AG are listed in the General Standard of the Frankfurt Stock Exchange. The company has also issued several bonds, which are also listed on the stock exchange.

You can find more information at: www.eyemaxx.com

Contact

Investor Relations / Financial press
Axel Mühlhaus, Peggy Kropmanns
edicto GmbH
eyemaxx@edicto.de
Tel.: +49 69 905505-52



04.07.2018 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.

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Language: English
Company: EYEMAXX Real Estate AG
Auhofstraße 25
63741 Aschaffenburg
Germany
Phone: +43. 2235. 81 071 -0
Fax: +43. 2235. 81 071 715
E-mail: office@eyemaxx.com
Internet: www.eyemaxx.com
ISIN: DE000A0V9L94, DE000A1TM2T3, DE000A12T374 ,
WKN: A0V9L9, A1TM2T, A12T37
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

701541  04.07.2018 

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