Brief: Hamborner REIT AG Disposes Further Properties

HAMBORNER REIT AG

17/12/2020 06:04

Dec 17 (Reuters) - Hamborner REIT AG  HABG.DE :
    * DGAP-NEWS: HAMBORNER REIT AG REPORTS FURTHER SUCCESS IN
DISPOSAL
OPERATIONS AND REDUCES PORTFOLIO SHARE OF HIGH STREET PROPERTIES
    * DISPOSAL OF FURTHER PROPERTIES IN CONJUNCTION WITH SEVERAL
TRANSACTIONS.
    * INCLUDING PROPERTIES ALREADY SOLD IN Q3, SALES PRICES
AMOUNT TO
AROUND EUR 59.1 MILLION IN TOTAL, APPROXIMATELY 2% MORE THAN
MARKET VALUE OF ELEVEN PROPERTIES AS AT 30 JUNE 2020.
    * DISPOSALS WILL LEAD TO A POSITIVE EFFECT ON EARNINGS OF
AROUND
EUR 23.8 MILLION.
    * OWNERSHIP OF PROPERTY IN OSNABRÜCK WAS TRANSFERRED ON 1
SEPTEMBER 2020.
    * OTHER PROPERTIES ARE EXPECTED TO BE TRANSFERRED TO THEIR
INSTITUTIONAL AND PRIVATE BUYERS IN Q1 OF 2021.

Source text for Eikon:  ID:nEQdt2gha 
Further company coverage:  HABG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))