DGAP-Adhoc: WCM ANNOUNCES DISPOSAL OF RETAIL PROPERTIES
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DGAP-Ad-hoc: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Disposal/Real Estate
29 June 2020 - WCM Beteiligungs- und Grundbesitz AG (the "Company" and together with its subsidiaries "WCM") and certain of its subsidiaries entered into an agreement with an investor focused on retail properties for a disposal of a retail property portfolio located in various locations across Germany for a sale price of approx. EUR 28 m and in addition for another retail property portfolio with an aggregate sale price of approx. EUR 90 m for which the buyer has a discretionary rescission right until August 31, 2020.
The sale of the portfolio is above book value and is in line with the Company's strategy to increase the focus on office asset type and pursue disposals of non-core assets. Contact: Christoph Wilhelm WCM Beteiligungs- und Grundbesitz-AG Bleichstraße 64-66 60313 Frankfurt am Main Tel. +49 30 2470 6355 Email [email protected]
29-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | WCM Beteiligungs- und Grundbesitz-AG |
| Bleichstr. 64-66 | |
| 60313 Frankfurt am Main | |
| Germany | |
| Phone: | +49-30-2470-6089 |
| Fax: | +49-30-2470-7446 |
| E-mail: | [email protected] |
| Internet: | www.wcm.de |
| ISIN: | DE000A1X3X33 |
| WKN: | A1X3X33 |
| Listed: | Regulated Market in Frankfurt (General Standard), Hamburg, Stuttgart; Regulated Unofficial Market in Munich, Tradegate Exchange |
| EQS News ID: | 1080673 |
| End of Announcement | DGAP News Service |
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1080673 29-Jun-2020 CET/CEST
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