DO DEUTSCHE OFFICE AG Cologne, Frankfurt May 4, 2015. DO Deutsche Office AG ("Deutsche Office", symbol: PMOX, ISIN: DE000PRME020) completed the sale of the Westend-Ensemble in Frankfurt which was notarized end of January 2015 by receiving the purchase price in the amount of EUR 78.5 million ahead of schedule. After April 30, 2015, the benefits and obligations were transferred to the buyer. There are no additional obligations for Deutsche Office stemming from the development project.
Corporate contact:
DO Deutsche Office AG
Richard Berg
Head of Investor Relations & Corporate Communications
Email rberg@deutsche-office.de
Telephone +49 (0)221 - 888 29 160
About Deutsche Office
Deutsche Office is a leading, on the SDAX index listed office property company, focussing on German metropolitan regions and conurbations. As at 31 December 2014, its geographically diversified real estate portfolio contained 51 properties held as investment properties, with a total rental area of about 900,000 square metres and an attractive and broad tenant base. As at 31 December 2014, the properties had a market value of about EUR 1.8 billion. Deutsche Office's business model is based on the profit-oriented asset management of office properties in German metropolitan regions, underpinned by investment to increase and to maintain the value of the properties in the portfolio. The strategy also includes the acquisition of properties with potential for appreciation as well as exploiting potential sales opportunities, which are applied throughout the entire property cycle in order to capitalise the appreciation achieved and to invest in new properties.
Additional information on Deutsche Office is available online at: http://deutsche-office.com
2015-05-04 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.
|
distributed by
|
