Aves One expands rail portfolio by around EUR 110 million through fixed acquisitions

Corporate News

Aves One expands rail portfolio by around EUR 110 million through acquisitions already fixed in Q1

Hamburg, 21 February 2020 - Aves One AG, a strongly growing logistics asset holder, is further expanding its rail portfolio. In the first weeks of the current fiscal year 2020, the volume of fixed deliveries has further increased to a total of around EUR 110 million, 85 percent of which are new cars. A large number of these freight cars ordered are to be delivered this year. This increases the rail segment's asset portfolio, including the deliveries currently fixed, to more than 11,100 freight and tank cars. The total volume of the rail segment will thus increase to around EUR 750 million as of today.

These rail acquisitions are almost fully let. The asset management of the portfolio is handled by Wascosa, Lucerne, and ERR European Rail Rent, Duisburg.

Jürgen Bauer , CEO of Aves One AG, comments: "The number of new orders show that our company continues to grow strongly in the rail segment, especially with new wagons. We are thus maintaining our growth rate at a high level. We are consistently pursuing our declared focus on rail investments".
 

About Aves One AG

Aves One AG is a strongly growing holder of long-life logistics assets with a focus on freight cars. The portfolio also includes containers and swap bodies. The company plans to increase the value of its assets to more than EUR 1 billion by the end of 2019. With a young, profitable freight car portfolio, Aves One is one of the leading holders of rail logistics assets in Europe. The strategy is geared to constant optimization of Aves One's stock and further expansion of the logistics portfolio. Based in Hamburg, Aves One AG is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange (ISIN: DE000A168114; WKN: A16811).

Further information
www.avesone.com

Contact
Aves One AG
Jürgen Bauer , Management Board
T +49 (40) 696 528 350
F +49 (40) 696 528 359
E ir@avesone.com