DGH DEUTSCHE GRUNDWERT HOLDING AG The Board of Management of DGH Deutsche Grundwert Holding AG herewith announces that DGH has been awarded the contract to acquire 295 residential units

Transparency directive : regulatory news

07/11/2018 16:12




DGAP-Ad-hoc: DGH Deutsche Grundwert Holding AG / Key word(s): Agreement/Acquisition


The Board of Management of DGH Deutsche Grundwert Holding AG herewith announces that DGH has been awarded the contract to acquire 295 residential units


07-Nov-2018 / 16:12 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




The Board of Management of DGH Deutsche Grundwert Holding AG herewith announces that DGH has been awarded the contract to acquire 295 residential units, thus reaching its target for establishing its residential segment in 2018.



Berlin, 07 November 2018 - The Board of Management of DGH Deutsche Grundwert Holding AG (ISIN: DE000A0B6VN9) has today been awarded the contract to acquire 295 residential units from KEWOG kommunale Entwicklungs- und Wohnungsbaugesellschaft mbH. The real estate package comprises a total residential floor space of 19,888 m² on a plot of 57,381 m² at locations in Mitterteich and Oberfranken. Bernd Büsching, Managing Director of KEWOG, and Frank Peinelt and Michael Power, members of the board of DGH, have agreed that notarization of the sale is to take place in 2018. The parties have agreed non-disclosure of the purchase price.



DGH's New Generation Investment philosophy was a decisive factor for the municipal owners and local decision-makers in the exercise of their responsibility to ensure that DGH would continue to manage and develop the municipal housing stock in a sustainable manner compatible with social aspects, the interests of the region and the people living there.




Management Board

Frank Peinelt, Michael Power



Investor Relations Contact

DGH Deutsche Grundwert Holding AG

Michael Power

Landsberger Allee 366

12681 Berlin

Germany


Phone: +49 (0) 30 52 0044 208

Fax: +49 (0) 30 52 0044 209

E-Mail: m.power@dgh-ag.com

Internet: www.dgh-germany.com


Executive Board: Frank Peinelt / Michael Power

Chairman of the Supervisory Board: Udo Blümel

Legal form: Stock corporation (AG)

Commercial Register: Local Court Charlottenburg HRB 106 666 B








07-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: DGH Deutsche Grundwert Holding AG

Landsberger Allee 366

12681 Berlin

Germany
Phone: +49 (0) 30 52 0044 208
Fax: +49 (0) 30 52 0044 209
E-mail: info@dgh-germany.com
Internet: www.dgh-germany.com
ISIN: DE000A0B6VN9
WKN: A0B6VN
Listed: Regulated Unofficial Market in Hamburg





 
End of Announcement DGAP News Service




742529  07-Nov-2018 CET/CEST







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