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, 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.
Frank Peinelt, Michael Power
Investor Relations Contact
DGH Deutsche Grundwert Holding AG
Landsberger Allee 366
Phone: +49 (0) 30 52 0044 208
Fax: +49 (0) 30 52 0044 209
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
|Company:||DGH Deutsche Grundwert Holding AG|
|Landsberger Allee 366|
|Phone:||+49 (0) 30 52 0044 208|
|Fax:||+49 (0) 30 52 0044 209|
|Listed:||Regulated Unofficial Market in Hamburg|
|End of Announcement||DGAP News Service|
742529 07-Nov-2018 CET/CEST