GxP German Properties: Closing of two office assets in Frankfurt and Hamm

Frankfurt, October 13, 2017 – GxP German Properties (ISIN: DE000A2E4L00, WKN: A2E4L0) has closed the acquisitions of the two office assets in Frankfurt and Hamm with a combined market value of € 29.8 million and a total lettable area of approx. 17,200 square meters.

The current total market value of its real estate portfolio stands at approx. € 164 million thereof € 146 million currently on the balance sheet.

The transfer of ownership of the recently acquired asset in Berlin-Teltow with a market value of € 18.2 mil-lion and a total lettable area of approx. 10,000 square meters is on track to close as planned within the fourth quarter.

IR Contact

Axel Mühlhaus / Patrick Wang
edicto GmbH
Eschersheimer Landstr. 42-44
D-60322 Frankfurt
Tel.: +49 (0) 69/ 905505-52
Fax: +49 (0) 69/ 905505-77
E-Mail: gxp@edicto.de