Branicks Group AG / DE000A1X3XX4
10.12.2024 - 07:00:06Branicks Group AG: Sale of logistics center in Hochheim
| Branicks Group AG / Key word(s): Real Estate/Disposal 10.12.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Frankfurt am Main, December 10, 2024 Press release of the Branicks Group AG Pictet Alternative Advisors and Scantum DW take over property from RLI Logistics Fund Germany I Further sale from the Institutional Business Frankfurt am Main, December 10, 2024: Branicks Group AG (“Branicks”), ISIN: DE000A1X3XX4, one of Germany's leading listed real estate companies, notarized the sale of a logistics center in Hochheim on 29 November 2024. The property is part of the RLI Logistics Fund Germany I, which is managed by Branicks as part of its Institutional Business. Closing is planned for the first quarter of 2025. The buyer is a joint venture between Pictet Alternative Advisors and Scantum DW GmbH. The property at Rüdesheimer Strasse 51 in Hochheim (Hesse) dates back to 1971, was extended twice in 1982 and 2001 to a lettable area of almost 20,000 m2 and is fully let. About Branicks Group AG: Branicks Group AG (formerly DIC Asset AG) is a leading German listed specialist for office and logistics real estate as well as renewable assets with over 25 years of experience in the real estate market and access to a broad investor network. Our basis is the national and regional real estate platform with nine offices in the ground in all major German markets (including VIB Vermögen AG). As of September 30, 2024, we managed properties with a market value of EUR 12.1 billion in the Commercial Portfolio and Institutional Business segments. The Commercial Portfolio segment comprises real estate held for our own account. Here, we generate cash flows from stable rent revenues on long-term leases while also optimizing the value of our portfolio assets through active management and realizing gains from sales. In the Institutional Business segment, we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment products that return attractive dividend yields. The shares of Branicks Group AG are listed in the Prime Standard of the German Stock Exchange (WKN: A1X3XX / ISIN: DE000A1X3XX4). The company is fully committed to sustainability and occupies top positions in ESG-relevant ratings such as Morningstar Sustainalytics and S&P Global CSA. The Branicks Group is also a signatory to the UN Global Compact and the UN PRI network. Properties in the Branicks portfolio have been awarded renowned sustainability certificates such as DGNB, LEED or BREEAM. For more details, go to www.branicks.com PR Contact Branicks Group AG: Stephan Heimbach Neue Mainzer Strasse 32-36 D-60311 Frankfurt am Main Phone +49 69 9454858-1569 pr@branicks.com IR Contact Branicks Group AG: Jasmin Dentz Neue Mainzer Strasse 32-36 D-60311 Frankfurt am Main Phone +49 69 9454858-1492 ir@branicks.com 10.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | Branicks Group AG |
| Neue Mainzer Straße 32-36 | |
| 60311 Frankfurt am Main | |
| Germany | |
| Phone: | +49 69 9454858-1492 |
| Fax: | +49 69 9454858-9399 |
| E-mail: | ir@branicks.com |
| Internet: | www.branicks.com |
| ISIN: | DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9 |
| WKN: | A1X3XX, A12T64, A2GSCV, A2NBZG |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange |
| EQS News ID: | 2047129 |
| End of News | EQS News Service |
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