Coreo AG
Coreo sells property in Mannheim
DGAP-News: Coreo AG
/ Key word(s): Real Estate/Disposal
Coreo sells property in Mannheim
Frankfurt am Main – 31 October 2019 – Coreo sold around 10% of its property in Güterhallenstraße in Mannheim’s Mühlauhafen. The acquisition price for the part of the site with office and storage space amounts to 1.325 million Euro. It is expected that the closing will take place in 2019. As a result, the transaction will lead to corresponding sales and earnings contributions in the current financial year. Marin N. Marinov, CEO of Coreo AG, sees this as a confirmation: “We already impressively demonstrated the potential of our real estate portfolio with the partial sales of our Göttingen residential portfolio and the Hydra portfolio. Once again, this first sale in Mannheim demonstrates the success of our selective acquisition strategy. Simultaneously, we believe that we are well on the way to achieving our targets in Mannheim. For example, we have the “www.buero-im-hafen.de” project in addition to other parts of the property there.” About Coreo AG Coreo AG Felix Krekel, CIIA Investor Relations Grüneburgweg 18 D-60322 Frankfurt a. M. ir@coreo.de T: +49 69 219396-0
31.10.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Coreo AG |
Grüneburgweg 18 | |
60322 Frankfurt am Main | |
Germany | |
Phone: | +49 69 2193 96-0 |
Fax: | +49 69 2193 96-150 |
E-mail: | ir@coreo.de |
Internet: | www.coreo.de |
ISIN: | DE000A0B9VV6 |
WKN: | A0B9VV |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 901597 |
End of News | DGAP News Service |