EYEMAXX Real Estate AG: EYEMAXX successfully concludes partial sale of Postquadrat in Mannheim
March 21, 2018 at 04:05 am EDT
Share
DGAP-Ad-hoc: EYEMAXX Real Estate AG / Key word(s): Real Estate
EYEMAXX Real Estate AG: EYEMAXX successfully concludes partial sale of Postquadrat in Mannheim
21-March-2018 / 08:57 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Insider information according to Article 17 MAR
EYEMAXX successfully concludes partial sale of Postquadrat in Mannheim
Aschaffenburg, 21 March 2018 - Die EYEMAXX Real Estate AG (ISIN DE000A0V9L94) has now concluded the final sale agreement for the partial sale of its major project Postquadrat in Mannheim already reported (see ad-hoc dated 24 November 2017). BNP Paribas Real Estate Investment Management Germany GmbH has acquired houses 3 and 4 as part of a forward sale for the "Bayer Pensions Vehikel Fonds" that it manages. It has been agreed not to disclose the purchase price, this is in the middle double digit euro range. Houses 3 and 4 have a total of residential and commercial area of more than 10,000 square. The residential units and business premises being created will be let. The houses are scheduled to be handed over in spring 2020.
Information and Explanation of the Issuer to this News:
The Postquadrat project in Mannheim which is currently being realised is the largest project in EYEMAXX's company history. The project has a total volume of more than EUR 170 million, and EYEMAXX has already been able to report very successful partial sales in parallel to its implementation. The company is also currently implementing additional real estate projects over and above the Postquadrat in Mannheim. These include the two major projects in Schönefeld (Berlin), each with a volume of around EUR 170 million. EYEMAXX' total project pipeline thus amounts to around EUR 760 million. The large-scale Postquadrat project in Mannheim is being realised together with a non-operating joint venture partner through to 2020. Residential and commercial units with total floor space of around 60,000 square meters are being built on a site of around 20,000 square meters.
Dr. Michael Müller, EYEMAXX Real Estate AG's CEO explained: 'This partial sale to a well-known investor shows how attractive our large-scale Postquadrat project is. As the hotel section has also already been successfully sold we have now been able to conclude agreements for around half of the total project.'
21-March-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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
Eyemaxx Real Estate AG is an Austria-based company engaged in the acquisition, development, construction and operation of commercial and residential properties. The Company focuses on Austrian and German markets, as well as on Polish, Slovakian, Serbian and the Czech markets. The Company diversifies its operations into three segments: Commercial Properties; Portfolio Property, and Holding and Other. The Commercial Properties segment comprises all of the Company's subsidiaries that engage the real estate management activities. The properties are located mainly in Poland. The Portfolio Property segment comprises real estates that are held by the Company as financial investment. The properties in this segment are located mainly in Serbia and Austria. The Holding and Other segment comprises the Company's management functions, among others.
EYEMAXX REAL ESTATE AG 
