GxP German Properties AG: Conclusion of a property purchase agreement

DGAP-Ad-hoc: GxP German Properties AG / Key word(s): Real Estate/Acquisition GxP German Properties AG: Conclusion of a property purchase agreement 23-Dec-2019 / 16:37 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. A subsidiary of GxP German Properties AG today concluded a contract for the purchase of an office property in Hanover. The property is the neighbouring plot of land of a property already owned by the GxP Group. The purchase will allow the existing property portfolio to be further optimized. The property has a rentable area of around 4,700 sqm and is fully let. The agreed purchase price amounts to a mid single-digit million euro amount. The transaction is expected to be completed by the end of the first quarter of 2020. 23-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	GxP German Properties AG
	Oudenarder Str. 16
	13347 Berlin
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	http://gxpag.com/
ISIN:	DE000A2E4L00
WKN:	A2E4L0
Listed:	Regulated Unofficial Market in Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart
EQS News ID:	942845

End of Announcement	DGAP News Service

942845  23-Dec-2019 CET/CEST