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DGAP-News: Coreo AG
/ Key word(s): Expansion/Real Estate
Coreo AG continues expansion
Frankfurt am Main - 28 September 2020 - By acquiring a logistics property in Haßloch, Rhineland-Palatinate, Coreo continues its expansion course. The property has a rental area of around 10,000 sqm and a plot size of around 25,000 sqm and is leased until mid-2024 to a well-known manufacturer of sporting goods. The overall investment will amount to EUR 3.4 million, including the planned investments in technical building equipment. After completion of the measures the return on investment will reach a level typical for the company. Furthermore, Coreo acquired a plot of land of around 12,000 sqm in Wiesbaden, the state capital of Hesse. The precise extent of the development potential of the property, which is designated as residential land in the land use plan, will be defined in a B-Plan procedure. The parties agreed not to disclose the acquisition price. The closing for both properties is scheduled for 2020. About Coreo AG Andrea Glaab Investor Relations Grüneburgweg 18 D-60322 Frankfurt a. M. ir@coreo.de T: +49 (0) 69-21 93 96-0
28.09.2020 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: | 1137173 |
| End of News | DGAP News Service |
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1137173 28.09.2020
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