PREOS Real Estate AG: Financing with Helaba of EUR 200 million for portfolio expansion

- Helaba provides EUR 133 million for the purchase of WestendCarree in Frankfurt am Main and EUR
67 million for Sky Germany headquarters near Munich
- Closing of both acquisitions already effected
- Further joint projects planned with Helaba

Leipzig, February 11, 2020 - PREOS Real Estate AG ("PREOS", ISIN DE000A2LQ850) can announce the conclusion of a financing with Helaba in the total amount of EUR 200 million. Of this volume, EUR 133 million was provided for the purchase of WestendCarree in Frankfurt am Main and EUR 67 million for the acquisition of Sky Germany's headquarters in Unterföhring near Munich. Helaba always maintains long-term customer relationships based on partnership and has already signalled its intention to support the purchase of further properties as a financing partner.

Helaba's capital tranche that has now been paid represents the final debt capital portion for both the purchase of the approx. 30,550 square metre WestendCarree and the Sky Deutschland headquarters with a rental area of around 30,000 square metres. The closing of both transactions has now already taken place; details of the purchase prices of the properties have not been disclosed.

Frederik Mehlitz, CEO of PREOS Real Estate AG: "We are pleased that Helaba is another renowned financing partner. This is an important step to support the growth of the portfolio. The goal remains to acquire properties for up to EUR 2 billion in 2020 and to rapidly expand the own portfolio, which now has a volume of EUR 1.1 billion".

About PREOS Real Estate AG

PREOS Real Estate AG ("PREOS") is an active real estate investor focused on office properties. PREOS acts as an efficient management holding company. The acquisition focuses on office properties with development potential in German metropolitan regions. Value creation is generated by targeted asset management measures. Developed portfolio properties are sold in the event of adequate sales opportunities. The corporate strategy is to significantly expand the real estate portfolio through acquisitions in the coming years. The PREOS share (ISIN DE000A2LQ850) is listed in the over-the-counter segment m:access of the Munich Stock Exchange (PAG.MU) and on Xetra (PAG.DE). The company headquarters of PREOS is located in Leipzig.

About Helaba

With around 6,100 employees and total assets of €222 billion, the Helaba Concern is one of the leading banks in the Frankfurt financial centre. Helaba is a universal bank with close integration in the German Sparkassen organisation. Helaba's range of services in the real estate sector covers the entire value chain from financing, conception and development to the operation of sophisticated properties. Helaba also offers institutional investors a variety of attractive investment opportunities. Real estate business is not just part of the Bank's core business; commercial real estate finance business is one of Helaba's strongest pillars and is consistently ranked among the most successful in national and international markets thanks to its outstanding expertise, intelligent risk profile and stringent approach. More information about Helaba is available on the Internet at: www.helaba.de

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