DGAP-News: GORE German Office Real Estate AG
/ Key word(s): IPO
THE INFORMATION CONTAINED IN THIS DOCUMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, TO, WITHIN OR FROM THE UNITED STATES OF AMERICA OR ANY OTHER COUNTRY WHERE SUCH PUBLICATION OR DISTRIBUTION WOULD BE CONTRARY TO THE LAWS OF THAT COUNTRY. - Listing in the m:access trading segment of the Munich Stock Exchange - Focus on office properties in German conurbations - Very well positioned for further growth
GORE ideally positioned in attractive niche market GORE's initial portfolio consists of five commercial properties. The properties in the regions of Frankfurt/Main, Dusseldorf, Munster and Duisburg have a total rental area of around 30,700 square meters. The demand for office real estate in Germany remains unbroken. The cities in the Federal Republic of Germany were completely unimpressed by the clouded economy in 2019. In the third quarter alone, around 22.4 billion euros were invested in German office properties. According to experts at BNP Paribas Real Estate, this was the second best transaction volume ever recorded in a single quarter. The floor-space turnover in the eight largest German metropolises (Berlin, Munich, Cologne, Hamburg, Frankfurt/Main, Dusseldorf, Essen, Leipzig) rose to over 3 million square metres between January and September. This exceeds the previous year's record by 6%. The rise in office property prices was even more pronounced in the third quarter of 2019. According to an analysis by the Association of German Mortgage Banks (vdp), prices rose by 8.8% year-on-year. The reason for the increase was the constantly high demand for space and the simultaneously low availability of space. Jörg Reinhardt, CEO of GORE with more than 30 years of experience in the real estate sector: "By going public on the Munich stock exchange, we are increasingly opening up to institutional investors and giving them the opportunity to participate in our growth. With our lean corporate structure, we can act quickly and flexibly in the market and take advantage of opportunities as they arise. Our pipeline is filled to the brim. In cooperation with our experienced transaction partners, we intend to further expand our portfolio in the coming years and multiply our real estate portfolio in the process". The securities prospectus can be downloaded from the GORE German Office Real Estate AG website, www.gore-ag.de, under "Investor Relations". The following notices must also be observed. Disclaimer Investors are advised to consult the securities prospectus, which has been checked for completeness, coherence and comprehensibility by the German Federal Financial Supervisory Authority (BaFin) and which has been available on the GORE German Office Real Estate AG (www.gore-ag.de) in the "Investor Relations" section before deciding to acquire or sell shares in GORE German Office Real Estate AG in order to fully understand the potential risks and rewards of the investment decision, and to make an investment decision only on the basis of all available information about the company after consulting with its own lawyers, tax advisors and/or financial advisors. It should be noted that approval of the Prospectus by BaFin is not to be construed as an endorsement of the relevant securities. A public offering of the securities mentioned in this publication will be made exclusively on the basis of and in accordance with the securities prospectus and only in the Federal Republic of Germany. In particular, neither a public offering nor a solicitation of an offer to purchase securities in the United States of America, Japan, Canada, New Zealand or Australia will be made. This publication may contain future-oriented statements. Future-oriented statements are all statements that do not refer to historical facts or events. This applies in particular to statements about the intentions, beliefs or current expectations of the Company with respect to its future financial performance, plans, liquidity, prospects, growth, strategy and profitability as well as the economic environment in which the company operates. The future-oriented statements are based on current estimates and assumptions made by the company to the best of its knowledge. However, such forward-looking statements are subject to risks and uncertainties because they relate to future events and are based on assumptions that may not occur in the future. The company is not obliged to update or modify the future-oriented statements contained in this publication to reflect events or circumstances occurring after the date of this publication, unless they contain insider information subject to publication requirements. About GORE Press Contact: Financial Press and Investor Relations:
13.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | GORE German Office Real Estate AG |
Bockenheimer Landstraße 17-19 | |
60325 Frankfurt am Main | |
Germany | |
Phone: | 069 / 2714 74 038 |
E-mail: | info@gore-ag.de |
Internet: | www.gore-ag.de |
ISIN: | DE000A0Z26C8 |
WKN: | A0Z26C |
Listed: | Regulated Unofficial Market in Munich (m:access) |
EQS News ID: | 935613 |
End of News | DGAP News Service |