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
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.
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1080673 29-Jun-2020 CET/CEST