Brief: Gateway Real Estate Buys Two Residential Development Sites In Cologne And Dresden

Gateway Real Estate AG

17/02/2021 09:18

Feb 17 (Reuters) - GATEWAY REAL ESTATE AG  GTYG.DE :
    * ACQUIRES TWO LARGE RESIDENTIAL DEVELOPMENT SITES IN
COLOGNE AND
DRESDEN
    * BORUSSIA INVEST GMBH HOLDS 89.9% OF SHARES IN EACH OF
ABOVE
PROJECTS
    * PURCHASE PRICE DUE AFTER CLOSING IS IN UPPER TWO-DIGIT
MILLION
EURO RANGE
    * TOTAL VOLUME OF TRANSACTION AMOUNTS TO APPROXIMATELY EUR
289
MILLION INCLUDING LOANS ASSUMED BY AND PROPORTIONATELY
ATTRIBUTABLE TO GATEWAY IN COURSE OF ACQUISITION

Source text for Eikon:  ID:nEQ2C5JkMa 
Further company coverage:  GTYG.DE 

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