18.06.2018
Wacker Neuson SE DE000WACK012
DGAP-News: Wacker Neuson SE: Wacker Neuson sells real estate company in Munich
DGAP-News: Wacker Neuson SE / Key word(s): Disposal
Wacker Neuson SE: Wacker Neuson sells real estate company in Munich
18.06.2018 / 16:58
The issuer is solely responsible for the content of this announcement.
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Wacker Neuson sells real estate company in Munich
Munich, June 18, 2018
Last Friday, Wacker Neuson SE sold a real estate company belonging to the
Group to the ISARIA Group in Munich. The real estate business had been
developing a former Wacker Neuson property in Munich-Milbertshofen covering
an area of approximately 27,000 m2. Following the construction of the new
R&D center for light equipment in Reichertshofen, the property was no longer
required.
The sale has generated profit before tax of more than EUR 50 million for
Wacker Neuson SE in the current fiscal year. This aligns with the
expectations communicated by the Group in February 2017.
The former industrial site is located close to Munich's Olympiapark. ISARIA
plans to build an urban quarter here over the coming years, which will
include a high proportion of residential buildings.
"We are delighted to have sold the former industrial site to such a
competent and financially sound company as the ISARIA Group. ISARIA will be
creating additional space in the currently strained housing market and also
offering a family-friendly infrastructure, which will benefit both the city
of Munich and its people," explains Martin Lehner, CEO of Wacker Neuson SE.
Jan-Christoph Düdden, CEO of ISARIA Wohnbau AG adds, "We have earmarked this
attractive site in a central location in Munich for another of our major
city development projects. Wacker Neuson has already started with the
development for us, so we can immediately get this interesting project off
the ground. This will allow us to further expand ISARIA's reach in Munich."
About Wacker Neuson
The Wacker Neuson Group is an international family of companies and a
leading manufacturer of light and compact equipment with over 50 affiliates
and 140 sales and service stations. The Group offers its customers a broad
portfolio of products, a wide range of services and an efficient spare parts
service. The product brands Wacker Neuson, Kramer and Weidemann belong to
the Wacker Neuson Group. Wacker Neuson is the partner of choice among
professional users in construction, gardening, landscaping and agriculture,
as well as among municipal bodies and companies in industries such as
recycling, energy and rail transport. In 2017, the Group achieved revenue of
EUR 1.53 billion, employing more than 5,500 people worldwide.
www.wackerneusongroup.com
About ISARIA Wohnbau AG
ISARIA Wohnbau AG has been a leading residential property developer in
Munich for twenty years. The Group realizes a broad spectrum of projects,
ranging from multi-story apartment buildings through terraced houses to the
redevelopment of former industrial buildings. As such, ISARIA Wohnbau and
its team of over 70 employees offers residential properties tailored to the
needs of multiple customer groups, from owner-occupiers to capital
investors. For the majority of projects, the company covers all engineering
disciplines required for planning permission across the full spectrum of
development projects. Find out more at: www.isaria.ag
Your contact partner:
Wacker Neuson SE
Katrin Yvonne Neuffer
Head of Corporate Communication /
Investor Relations
Preussenstrasse 41
80809 Munich, Germany
Tel. +49-(0)89-35402-173
[email protected]
www.wackerneusongroup.com
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18.06.2018 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
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Language: English
Company: Wacker Neuson SE
Preußenstr. 41
80809 München
Germany
Phone: +49 - (0)89 - 354 02 - 173
Fax: +49 - (0)89 - 354 02 - 390
E-mail: [email protected]
Internet: www.wackerneusongroup.com
ISIN: DE000WACK012
WKN: WACK01
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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696331 18.06.2018
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