Corporate | 6 November 2015 07:30

AURELIUS sells hotel property in Hanover

DGAP-News: AURELIUS AG / Key word(s): Disposal

2015-11-06 / 07:30

AURELIUS sells hotel property in Hanover

– Second successful sale transaction within a few weeks

– The buyer will continue to lease the property to GHOTEL on a long-term basis

– Substantial profit contribution for AURELIUS

Munich, November 6, 2015 – The AURELIUS Group (ISIN DE000A0JK2A8) is selling its biggest hotel property in Hanover to a private investor with an affinity for hotels. The decisive factor in choosing this particular buyer was the assurance that the new owner will enter into a new, 20-year lease with GHOTEL. Therefore, GHOTEL has secured this location in Hanover on a long-term basis. The transaction is intended to be closed by the end of the year.

AURELIUS had purchased the property in February 2011, together with four other hotel properties, three of which in Munich and one in Braunschweig, from Deutsche Annington in a special situation. Already in August 2015, AURELIUS sold one of the properties in Munich at a significant, double-digit profit to a local real estate investor. The location in Braunschweig was sold already in 2012.
Like the hotel property sold in Munich in August 2015, the property in Hanover was also sold for an amount significantly higher than its book value, and thus the transaction will generate a significant profit contribution for AURELIUS.

“We are pleased today to announce the second successful sale transaction within a few weeks. As is common practice at AURELIUS, we will distribute half the profit earned on this transaction to our shareholders in the form of an additional participation dividend,” said Dr. Dirk Markus, CEO of AURELIUS. “We expect brisk transaction activity also in the coming months and we can reaffirm our expectation of another record year for AURELIUS.”

ABOUT AURELIUS
AURELIUS has operated successfully in the international market for corporate acquisitions for many years and is one of Europe’s leading private equity firms. Working from offices in Munich, London, Stockholm, and Madrid, AURELIUS acquires companies and corporate spin-offs with development potential throughout Europe. Once acquired, these portfolio companies are restructured on the basis of a long-term strategy and further developed under the roof of AURELIUS, benefitting from the management experience and financial strength of the parent company.

Currently, the AURELIUS portfolio comprises 22 companies operating from locations in Europe, Asia, and the United States of America. They include many well-known and prestigious brands, as well as service providers and industrial enterprises. AURELIUS acquires companies on the basis of strict investment criteria, but is not bound by a particular sector focus. The share of AURELIUS SE & Co. KGaA is listed in the m:access Section of the Munich Stock Exchange and is traded on all German stock exchanges under ISIN DE000A0JK2A8.

For additional information, please visit www.aureliusinvest.de .

CONTACT
Anke Banaschewski
Investor Relations & Corporate Communications
Phone +49 (89) 544799 – 0
Fax +49 (89) 544799 – 55
investor@aureliusinvest.de

2015-11-06 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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