Brief: Metro Swiss Life Asset Managers Acquires Campus Site From Metro In Düsseldorf

Metro AG

05/07/2022 07:08

July 5 (Reuters) - METRO AG  B4B.DE :
    * SWISS LIFE ASSET MANAGERS ACQUIRES CAMPUS SITE FROM METRO
IN
DÜSSELDORF
    * SWISS LIFE ASSET MANAGERS HAS ACQUIRED A 73,200 M2 SITE IN
DÜSSELDORF-FLINGERN FOR A DISTRICT DEVELOPMENT PROJECT FROM
METRO PROPERTIES, REAL ESTATE COMPANY OF METRO AG. NOTARIAL
CERTIFICATION OF TRANSACTION WAS REALIZED ON 30 JUNE 2022
    * PARTIES INVOLVED HAVE AGREED NOT TO DISCLOSE PURCHASE
PRICE
    * SITE ACQUIRED BY SWISS LIFE ASSET MANAGERS FORMS CURRENTLY
PART
OF METRO CAMPUS
    * NEW QUARTER WILL NOT ONLY CREATE URGENTLY NEEDED
RESIDENTIAL 
SPACE IN DÜSSELDORF, BUT ALSO A LIVELY NEW AREA THANKS TO AN
INNOVATIVE AND  FORWARD-LOOKING CONCEPT COMPRISING A 25%
ALLOCATION TO BUSINESS
    * MEETING THE MOST STRINGENT ESG STANDARDS, 1,500 UNITS WILL
ALSO
PROVIDE  NEW HOUSING FOR THE LOCAL POPULATION

Source text for Eikon:  ID: 
Further company coverage:  B4B.DE 

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