Gateway Real Estate AG / DE000A0JJTG7

09.07.2024 - 16:04:15

EQS-RPT: Gateway Real Estate AG: Release according to Article 111c of the AktG [the German Stock Corporation Act] with the objective of Europe-wide distribution

EQS Related Party Transactions announcement: Gateway Real Estate AG / Release of an announcement according to Article 111c of the AktG [the German Stock Corporation Act]
Gateway Real Estate AG: Release according to Article 111c of the AktG [the German Stock Corporation Act] with the objective of Europe-wide distribution

09.07.2024 / 16:04 CET/CEST
Dissemination of a Related Party Transactions announcement transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Gateway Real Estate AG: Release according to Article 111c of the AktG [the German Stock Corporation Act] with the objective of Europe-wide distribution Berlin, July 09, 2024. Gateway Real Estate AG (WKN A0JJTG / ISIN DE000A0JJTG7) ("GATEWAY") is developing another real estate project in Mannheim via its subsidiary S0 SoHo Sullivan GmbH & Co. KG, S6 Park Lane GmbH & Co. KG, S7 Curve Quartier GmbH (together the „project companies“). The aim of the project is to create socially subsidized housing. In this context, the project companies today concluded a general contractor agreement with NOKERA Construction GmbH („NOKERA“) for the turnkey construction of 15 residential buildings with a floor area (above ground) of approx. 19,600 m². The construction of the upper floors will be carried out in a serial hybrid timber construction. A lump-sum price in the mid-double-digit million euro range was agreed for the provision of all contractually owed services by NOKERA. According to the assessment of the Management Board of GATEWAY, the conditions of the general contractor agreement are to be considered as standard market conditions. NOKERA is a related party of GATEWAY within the meaning of Section 111a of the German Stock Corporation Act (AktG), which was taken into account accordingly in the required committee approvals. Contact
Sven Annutsch
Hardenbergstr. 28a
10623 Berlin
T +49 (0) 30 40 363 47 – 0
F +49 (0) 30 40 363 47 99
E-Mail: sven.annutsch@gateway-re.de

09.07.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com