04.01.2016
AURELIUS SE & Co. KGaA DE000A0JK2A8
DGAP-News: AURELIUS concludes successful disposal of hotel property portfolio
DGAP-News: AURELIUS SE & Co. KGaA / Key word(s): Disposal
AURELIUS concludes successful disposal of hotel property portfolio
04.01.2016 / 07:35
The issuer is solely responsible for the content of this announcement.
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AURELIUS concludes successful disposal of hotel property portfolio
- Transfer of ownership completed for all four properties in December
2015
- Strong contribution in high double-digit millions to 2015 profits
Munich, January 4, 2016 - The AURELIUS Group (ISIN DE000A0JK2A8) has
completed the sale of its four hotel properties in Hanover and the
Glockenbachviertel, Isarvorstadt and Nymphenburg districts of Munich. The
transfer of ownership for the three Munich locations has been concluded
with effect from December 31, 2015, after the closing for the transaction
in Hanover had already been completed in mid-December.
AURELIUS had acquired the four premises from Deutsche Annington in
exceptional circumstances at the beginning of 2011 together with a further
hotel property in Braunschweig. The location in Braunschweig had already
been disposed of in 2012. AURELIUS s0ld the hotel property in the
Glockenbachviertel district of Munich to Heisig & Heisig
Projektentwicklungs GmbH in August 2015, while the largest premises, in
Hanover, were sold to a private investor close to the hotel trade in
November 2015. AURELIUS had announced in December that the two remaining
premises in the Isarvorstadt and Nymphenburg districts of Munich were going
to a real-estate multi-family office.
Following extensive renovation work, the hotel operating company GHOTEL
hotel & living has been able to secure long-term leases for its locations
in Munich and Hanover.
The restructuring and sale of the hotel property portfolio has thus been
successfully completed, leading to a strong contribution to profits at
AURELIUS in the high-double digit millions in the past fiscal year, 2015.
The idea is to distribute half of the proceeds to AURELIUS shareholders in
the form of a participation dividend.
ABOUT AURELIUS
AURELIUS has operated successfully in the international market for
corporate acquisitions for many years and is one of Europe's leading
private equity firms. Working from offices in Munich, London, Stockholm,
and Madrid, AURELIUS acquires companies and corporate spin-offs with
development potential throughout Europe. Once acquired, these portfolio
companies are restructured on the basis of a long-term strategy and further
developed under the roof of AURELIUS, benefitting from the management
experience and financial strength of the parent company.
Currently, the AURELIUS portfolio comprises 25 companies operating from
locations in Europe, Asia, and the United States of America. They include
many well-known and prestigious brands, as well as service providers and
industrial enterprises. AURELIUS acquires companies on the basis of strict
investment criteria, but is not bound by a particular sector focus. The
share of AURELIUS SE & Co. KGaA is listed in the m:access Section of the
Munich Stock Exchange and is traded on all German stock exchanges under
ISIN DE000A0JK2A8.
For additional information, please visit www.aureliusinvest.de.
CONTACT
Anke Banaschewski
Investor Relations & Corporate Communications
Phone +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
[email protected]
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04.01.2016 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,
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