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DGAP-Adhoc: WCM ANNOUNCES DISPOSAL OF RETAIL PROPERTIES

DGAP-Adhoc: WCM ANNOUNCES DISPOSAL OF RETAIL PROPERTIES

DGAP-Ad-hoc: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Disposal/Real Estate
WCM ANNOUNCES DISPOSAL OF RETAIL PROPERTIES

29-Jun-2020 / 02:13 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.


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 christoph.wilhelm@tlg.de

29-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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: Sven.Annutsch@tlg.de
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

1080673  29-Jun-2020 CET/CEST

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WCM Beteiligungs & Grundbesitz AG Stock

€3.18
-0.630%
The price for the WCM Beteiligungs & Grundbesitz AG stock decreased slightly today. Compared to yesterday there is a change of €0.040 (-0.630%).
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With a target price of €7.00 there is potential for a 120.126% increase which would mean more than doubling the current price of €3.18 for WCM Beteiligungs & Grundbesitz AG.
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