Aves One AG: Aves One acquires rail assets with a volume of around EUR 38 million

DGAP-News: Aves One AG / Key word(s): Acquisition Aves One AG: Aves One acquires rail assets with a volume of around EUR 38 million 24.10.2018 / 11:03 The issuer is solely responsible for the content of this announcement. Aves One acquires rail assets with a volume of around EUR 38 million 294 freight and tank cars with an investment volume of EUR 24.6 million acquired Delivery of a further 155 freight cars with a total volume of EUR 13.2 million in the coming months Hamburg, 24October 2018 - Aves One AG, a strongly growing asset owner in logistics assets, is further expanding its fleet of freight and tank cars. Following the recent successful acquisition of around 4,400 wagons from the NACCO fleet, the company has made further investments and is thus continuing its growth course. This year, 294 freight and tank cars with a volume of EUR 24.6 million have already been added to the portfolio. The wagons are fully rented and thus contribute to a further increase in the capacity utilisation of the overall stock. A further 155 wagons with a total volume of EUR 13.2 million, most of which have already been rented, will be delivered to Aves One by the end of the year. Jürgen Bauer, Member of the Management Board of Aves One AG: "With the recently announced NACCO transaction and other smaller acquisitions, we will more than double the value of our fleet of freight cars and tank wagons in the course of the year to more than EUR 500 million. We are currently experiencing high demand for freight and tank cars and are concluding attractive long-term rental agreements. Our successful follow-up leases also show the good state of the freight and tank wagon market at present." About Aves One AG: Aves One AG is a strongly growing asset owner in the area of long-life logistics assets with a focus on rail wagons. The Aves One AG portfolio also includes standard shipping containers, swap bodies for road transport, and logistics real estate properties. Its end customers include state-owned railway companies, industrial and logistics businesses. The Hamburg-based company is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange (ISIN: DE000A168114; WKN: A16811). More information: www.avesone.com Contact Aves One AG Jürgen Bauer, Management Board Tel.: [phone] Fax: [phone] E-mail [e-mail] 24.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Aves One AG
	Große Elbstrasse 61
	22767 Hamburg
	Germany
Phone:	040 696528 350
Fax:	040 696528 359
E-mail:	[e-mail]
Internet:	www.avesone.com
ISIN:	DE000A168114
WKN:	A16811
Listed:	Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; London

End of News	DGAP News Service

737115  24.10.2018