DGAP-News: Coreo AG / Key word(s): Real Estate/Acquisition
Coreo pursues growth course with logistics property
Frankfurt am Main, 7. September 2021 - Coreo pursues its growth course with the third acquisition this year. A logistics property with a total rental area of approx. 29,900 sqm was now acquired in Delmenhorst via a 100% subsidiary. There are also 190 parking spaces available on the approx. 54,700 m² property. The property is let to several parties and currently generates an annual rent of EUR 0.5 million and is planned to remain in the portfolio for the long term.
The Management Board believes that the property, which is conveniently located in terms of transport, has a noticeable potential for value appreciation, which will be developed in the next few years by means of active area management. In this context, Coreo plans to invest an amount of less than one net annual rent in the portfolio. Furthermore, potential possibilities for the use of the roof areas are being evaluated.
"We succeeded in approximately doubling our real estate assets within a short period of time with this year's acquisitions and not least with the acquisition of the logistics property in Delmenhorst" Marin N. Marinov, CEO of Coreo AG, is satisfied and is already looking forward again: "We want to keep the pace of growth high beyond 2021 together with our new major shareholder".
About Coreo AG
07.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
60322 Frankfurt am Main
+49 69 2193 96-0
+49 69 2193 96-150
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange
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