Coreo AG (XTRA:CORE) agreed to acquire 89.9% stake in Real Estate Portfolio in Germany on July 14, 2021. Portfolio consists of 1,341 residential and 15 commercial and other units with a rental area of approx. 73,900 m². The real estate is distributed across 10 locations in the German states of Berlin, North Rhine-Westphalia, Mecklenburg-Western Pomerania, Saxony-Anhalt, and Thuringia. As part of the transaction, seller will take over MagForce shares in the amount of 1.45 million held by Coreo on a valuation basis above the current share price level as a down payment and first partial purchase price instalment.