DGAP-Adhoc: GxP German Properties AG: Conclusion of a property purchase agreement

DGAP-Ad-hoc: GxP German Properties AG / Key word(s): Real Estate/Acquisition
GxP German Properties AG: Conclusion of a property purchase agreement

23-Dec-2019 / 16:37 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

A subsidiary of GxP German Properties AG today concluded a contract for the purchase of an office property in Hanover. The property is the neighbouring plot of land of a property already owned by the GxP Group. The purchase will allow the existing property portfolio to be further optimized. The property has a rentable area of around 4,700 sqm and is fully let. The agreed purchase price amounts to a mid single-digit million euro amount. The transaction is expected to be completed by the end of the first quarter of 2020.

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Language: English Company: GxP German Properties AG Oudenarder Str. 16 13347 Berlin Germany Phone: +49 (0) 30 263 91 44 0 Fax: +49 (0)30 263 91 44 99 E-mail: info@gxpag.com Internet: http://gxpag.com/ ISIN: DE000A2E4L00 WKN: A2E4L0 Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart EQS News ID: 942845
End of Announcement DGAP News Service

942845 23-Dec-2019 CET/CEST