Corporate | 23 September 2013 22:32
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PATRIZIA Immobilien AG / Key word(s): Letter of Intent/Real Estate
PATRIZIA Immobilien AG: PATRIZIA signs binding agreement to acquire office property portfolio Augsburg, 23 September 2013. PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) has concluded a binding agreement to acquire a portfolio of 36 office properties with approx. 450,000 sqm rentable space. The seller is a subsidiary of CA Immobilien Anlagen AG. All office properties are located in and leased to the German federal state of Hesse on a very long-term basis. The fair value of the properties amounts to approx. EUR 0.8 billion. The terms of a sales/purchase agreement have been agreed between the parties. Closing of the transaction is envisaged before year end 2013. PATRIZIA acts on behalf of a consortium of institutional investors all based in German speaking countries investing through a special real estate fund. The Managing Board Augsburg, 23 September 2013
PATRIZIA Immobilien AG
Listing: Frankfurt Official Market (Prime Standard)
Contact
End of Corporate News 23.09.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | PATRIZIA Immobilien AG | |
| Fuggerstraße 26 | ||
| 86150 Augsburg | ||
| Germany | ||
| Phone: | +49 (0)821 – 509 10-000 | |
| Fax: | +49 (0)821 – 509 10-999 | |
| E-mail: | investor.relations@patrizia.ag | |
| Internet: | www.patrizia.ag | |
| ISIN: | DE000PAT1AG3 | |
| WKN: | PAT1AG | |
| Indices: | SDAX | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart | |
| End of News | DGAP News-Service |
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| 231510 23.09.2013 |