25.09.2020 PREOS Real Estate AG  DE000A2LQ850

DGAP-News: PREOS Real Estate AG sells 100,000 square metre property in Essen to SIGNA Group


 

DGAP-News: PREOS Real Estate AG / Key word(s): Disposal/Real Estate
PREOS Real Estate AG sells 100,000 square metre property in Essen to SIGNA Group

25.09.2020 / 13:00
The issuer is solely responsible for the content of this announcement.


PREOS Real Estate AG sells 100,000 square metre property in Essen to SIGNA Group

Frankfurt am Main, 25.09.2020 - PEOS Real Estate (in future: PREOS Global Office Real Estate & Technology AG, ISIN: DE000A2LQ850, abbreviated "PREOS") has successfully sold a property with around 100,000 square metres of floor space in Essen-Bredeney to the SIGNA Group. The parties have agreed not to disclose the purchase price.

Among the tenants of the property on Theodor-Althoff-Strasse is the Galeria Karstadt Kaufhof Group, which has established its headquarters here. Another major tenant is furthermore the Essen Police, which recently concluded a 30-year lease and moved into the new facilities in mid August 2020. In recent years, the PREOS parent company, publity AG, has developed the property extensively in its capacity as asset manager and has successfully implemented an investment programme worth around EUR 80 million.

Legal support for the transaction on the PREOS side is provided by the law firm Simmons & Simmons and by the law firm McDermott Will & Emery on the SIGNA Group side.

Frederik Mehlitz, CEO of PREOS Real Estate: "The successful sale of the property in Essen illustrates the attractiveness of our portfolio. We recognise the development potential of real estate and use it successfully. The long-term tenancy agreement with the Essen Police Headquarters further illustrates the high value of the property. The sale demonstrates our highly profitable business model".

Timo Herzberg, CEO at SIGNA: "We are pleased that we now also include the headquarters of Galeria Karstadt Kaufhof in our portfolio. The previous owner completely renovated the property and transformed it into a modern office building. With the Essen Police Headquarters, another attractive tenant has recently moved in, who will use the property in the long term".
 

Press Contact:
Financial Press and Investor Relations:
edicto GmbH
Axel Mühlhaus
Phone: +49 69 905505-52
Mail: [email protected]
 

About PREOS Real Estate AG
PREOS Real Estate AG (in future: PREOS Real Estate & Technology 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.

 



25.09.2020 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.

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Language: English
Company: PREOS Real Estate AG
Landsteinerstraße 6
04103 Leipzig
Germany
Phone: 0341 261787790
E-mail: [email protected]
Internet: www.preos.de
ISIN: DE000A2LQ850
WKN: A2LQ85
Listed: Regulated Unofficial Market in Frankfurt, Munich
EQS News ID: 1136783

 
End of News DGAP News Service

1136783  25.09.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 0,18 0,70 14,39 90,27 139,55 0,00 0,00
EBITDA1,2 2,02 2,90 18,41 97,43 11,27 0,00 0,00
EBITDA-Marge3 1.122,22 414,29 127,94 107,93 8,08 0,00
EBIT1,4 2,02 10,92 106,40 93,88 -11,93 0,00 0,00
EBIT-Marge5 1.122,22 1.560,00 739,40 104,00 -8,55 0,00 0,00
Jahresüberschuss1 1,84 8,25 66,31 83,88 -24,48 0,00 0,00
Netto-Marge6 1.022,22 1.178,57 460,81 92,92 -17,54 0,00 0,00
Cashflow1,7 -1,19 22,48 -9,20 86,68 11,27 0,00 0,00
Ergebnis je Aktie8 0,05 0,09 1,37 0,77 -0,22 -1,87 -0,15
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Grant Thornton

INVESTOR-INFORMATIONEN
©boersengefluester.de
PREOS Global Office
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2LQ85 0,039 - 4,43
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 6,90 0,00 -1,30
KBV KCV KUV EV/EBITDA
0,44 0,39 0,03 23,64
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 22.09.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
22.09.2022 30.08.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-69,77% -92,67% -81,52% -98,49%
    
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