GxP German Properties signed a purchase agreement for the acquisition of an office property in Berlin-Teltow. The transfer of ownership is scheduled for 15 December 2017. The property has a lettable area of around 10,000 square meters, an average occupancy rate of 99% and a weighted average lease term (WAULT) of 4.2 years. The market value of the property is approx. EUR 18.2 million and generates rental income of approx. EUR 1.1 million per year.

The Chairman of the Supervisory Board of the company, Mr. Andreas Lewandowski, has announced that he will resign from the Supervisory Board as of September 30, 2017. The company will initiate the necessary measures for the court appointment of a new member of the Supervisory Board and is proposing Michael Wurzinger as a new member of the Supervisory Board. After the departure of Mr. Andreas Lewandowski the current deputy chairman Dr. Sebastian Glock has agreed to serve as Chairman.