Prime Office REIT-AG
Prime Office REIT-AG sells the ‘SZ Tower’ and improves its equity ratio
Prime Office REIT-AG / Key word(s): Disposal/Real Estate 21.11.2013 07:35 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Prime Office REIT-AG sells the 'SZ Tower' and improves its equity ratio Munich, 21 November 2013. Prime Office REIT-AG has sold the headquarters of publishing company Süddeutscher Verlag - the so called 'SZ Tower' - in Munich to an international investment consortium for 164.1 million Euro. The contract provides for a closing of the transaction by the end of December 2013. The disposal improves the equity ratio of Prime Office REIT-AG from 39.8% as at 30 September 2013 to almost 50% while at the same time sustainably reducing its leverage. Thus, Prime Office REIT-AG meets a material criterion of the business combination agreement with OCM German Real Estate Holding AG. All of the other conditions which have to be fulfilled for the merger by Prime Office REIT-AG and OCM German Real Estate Holding AG are in the process of being implemented. The process is far advanced and the merger is scheduled for completion in the first quarter of 2014. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Contact Prime Office REIT-AG Richard Berg Investor Relations / Corporate Communications Hopfenstrasse 4 80335 Munich/Germany Telephone +49 (0) 89 710 40 90 40 Facsimile +49 (0) 89 710 40 90 99 Email richard.berg@prime-office.de 21.11.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Prime Office REIT-AG Hopfenstraße 4 80335 München Germany Phone: +49 (0)89 7104090 40 Fax: +49 (0)89 7104090 99 E-mail: richard.berg@prime-office.ag Internet: www.prime-office.ag ISIN: DE000PRME012 WKN: PRME01 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), München, Stuttgart; Freiverkehr in Berlin, Düsseldorf End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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