DGAP-News: Prime Office REIT-AG sells office building in Munich
(firmenpresse) - DGAP-News: Prime Office REIT-AG / Key word(s): Disposal/Real Estate
Prime Office REIT-AG sells office building in Munich
16.08.2013 / 08:00
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Prime Office sells office building in Munich
- Sales agreement with WealthCap for 20.5 million Euro
- Transfer of rights and obligations scheduled for September 2013
Munich, 16 August 2013. Prime Office REIT-AG ('Prime Office'), a leading
property firm focusing on investments in high-quality office properties in
Germany as well as on their facility and property management, agreed with
WealthCap on the sale of the office building in Hufelandstrasse 13,15 in
Munich.
Under the sales contract, the rights and obligations in connection with the
property with a total rentable area of 8,224 sqm, which is currently let to
BMW as a design centre and to Semcon Group, will be transferred by
September 2013. At that date, the buyer will also pay the purchase price in
the amount of 20.5 million Euro, which is slightly below the current
recognised book value.
'The sale of the property in the Hufelandstrasse represents as announced
earlier an important step towards improving the capital base of Prime
Office and will further reduce the leverage of our company since the loans
will be repaid early,' says Alexander von Cramm, member of the executive
board of Prime Office REIT-AG.
Contact
Prime Office REIT-AG
Richard Berg
Director Investor Relations / Corporate Communications
Hopfenstrasse 4
80335 Munich
Telephone +49. 89. 710 40 90 40
Facsimile +49. 89. 710 40 90 99
Email richard.berg(at)prime-office.de
End of Corporate News
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16.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Prime Office REIT-AG
Hopfenstraße 4
80335 München
Germany
Phone: +49 (0)89 7104090 40
Fax: +49 (0)89 7104090 99
E-mail: richard.berg(at)prime-office.ag
Internet: www.prime-office.ag
ISIN: DE000PRME012
WKN: PRME01
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München,
Stuttgart; Freiverkehr in Berlin, Düsseldorf
End of News DGAP News-Service
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226172 16.08.2013
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Datum: 16.08.2013 - 08:00 Uhr
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