DGAP-News: PREOS Real Estate AG: PREOS Real Estate AG: Conversion project worth EUR 80 million in Essen successfully completed - new Police Headquarters handed over to Essen Police
DGAP-News: PREOS Real Estate AG
/ Key word(s): Real Estate/Miscellaneous
Press Release PREOS Real Estate AG: Conversion project worth EUR 80 million in Essen successfully completed - new Police Headquarters handed over to Essen Police Leipzig, 13 August 2020 - PREOS Real Estate AG ("PREOS", ISIN DE000A2LQ850) has successfully completed a major conversion project at its property in Essen's Theodor-Althoff-Strasse and handed over the entire space to the Essen Police Department as tenant on schedule. The police uses the space as new Police Headquarters. The 30-year tenancy agreement was already concluded in 2018. The refurbishment project lasted for around 18 months and had a volume of EUR 80 million. The tenancy agreement covers an area of 25,500 square metres used as offices and a further 1,300 square metres for the car workshop on the site. Additionally there are 890 parking spaces. The entire PREOS property in Essen-Schuir offers 100,000 square metres of floor space. For the refurbishment modern and high-quality materials were used. Frederik Mehlitz, CEO of PREOS Real Estate AG: "We are pleased about the successful completion of the project to our and above all the satisfaction of our tenant. The long-term contract and the police as a first-class tenant are naturally a solid foundation for the value of our property. This is what we have invested in and we can now hand over areas that meet the highest standards".
Investor & Public Relations
13.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | PREOS Real Estate AG |
Landsteinerstraße 6 | |
04103 Leipzig | |
Germany | |
Phone: | 0341 261787790 |
E-mail: | [email protected] |
Internet: | www.preos.de |
ISIN: | DE000A2LQ850 |
WKN: | A2LQ85 |
Listed: | Regulated Unofficial Market in Frankfurt, Munich |
EQS News ID: | 1117061 |
End of News | DGAP News Service |
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1117061 13.08.2020