Brief: DEMIRE Says Landmark Building Cielo Gets New Owner

Demire Deutsche Mittelstand Real Estate AG

01/03/2021 06:17

March 1 (Reuters) - DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE
AG  DMRE.DE :
    * LANDMARK BUILDING CIELO GETS NEW OWNER
    * DEMIRE HAS ALSO CONTRACTUALLY SECURED A PURCHASE RIGHT FOR
ENTIRE BUILDING COMPLEX AS PART OF TRANSACTION
    * TOTAL TRANSACTION IS VALUED AT OVER EUR 270 MILLION
    * PARTIES EXPECT TRANSACTION TO CLOSE IN Q2 OF THIS YEAR
    * WE EXPECT THIS TRANSACTION TO GENERATE AN AVERAGE FFO I
CONTRIBUTION* OF AROUND EUR 5 MILLION PER ANNUM IN COMING YEARS

Source text for Eikon:  ID:nEQ2vrSC7a 
Further company coverage:  DMRE.DE 

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