29.06.2016
Lloyd Fonds Aktiengesellschaft DE000A12UP29
DGAP-News: Two fund hotels sold by Lloyd Fonds at top prices
DGAP-News: Lloyd Fonds Aktiengesellschaft / Key word(s): Real
Estate/Disposal
Two fund hotels sold by Lloyd Fonds at top prices
29.06.2016 / 08:18
The issuer is solely responsible for the content of this announcement.
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- Two hotels in Berlin and Nuremberg successfully sold for "Moderne
Großstadthotels" real estate fund
- Pretax return of over 11 percent p.a. for investors
- Substantial income for Lloyd Fonds through share in the proceeds
Hamburg, June 29, 2016. The Lloyd Fonds Group has sold the two hotels
operated by renowned Motel One hotel group and held by the "Moderne
Großstadthotels" real estate fund at top prices. The Motel One hotel group
is the buyer.
Lloyd Fonds had initiated the "Moderne Großstadthotels" real estate fund in
2008, thus continuing a series of successful hotel funds. The fund invested
in two hotel buildings in the CBDs of Berlin and Nuremberg leased to Motel
One Group on a long-term basis. Lloyd Fonds was one of the first fund
initiators to discover the trend in favor of budget hotels and to make the
projects of the Motel One Group, which was still young at the time,
available to investors. The two hotels were acquired at a multiple of 14.6
times the net annual rental. Lloyd Fonds has now sold them very
successfully at a multiple of around 19.8 times for the fund investors.
"German real estate, particularly also hotel buildings, are currently
attracting very strong interest. The current sales price, which is around
42 percent up on the original purchase price, testifies impressively to the
quality of our funds and our professional asset management," says Dr.
Torsten Teichert, CEO of Lloyd Fonds AG. "We have been able to achieve an
outstanding result for investors. We are very pleased about this. As Lloyd
Fonds participates in the fund's performance via a contractual arrangement,
we have also been able to secure a substantial contribution to our earnings
from this transaction."
Above-average return for investors
With the successful sale of the two fund assets together with the regular
payouts of a total of around 41 percent, investors will receive a capital
flowback of almost of 189 percent before tax. In terms of the fund's
duration of 7.5 years, this translates into an annual pre-tax return of
over 11 percent. 94 percent of the fund investors voted in favor of the
motion to sell the hotel buildings at this point in time.
About Lloyd Fonds AG:
As an investment- and assetmanager, Lloyd Fonds AG has been specialising in
alternative real assets-based investments and capital investments and their
professional management for more than 20 years. It currently manages
investments of around EUR 3.5 billion, particularly in the areas of
shipping, real estate, aircraft and renewable energies. To date the
Hamburg-based company has initiated capital investments with an investment
volume of around EUR 5 billion. Lloyd Fonds has been listed on the
Frankfurt Stock Exchange since 2005 (WKN A12UP2, ISIN DE000A12UP29).
Contact:
Susanne Maack
Lloyd Fonds AG
Amelungstraße 8-10
20354 Hamburg
Tel: +49-40-325678-0
Fax: +49-40-325678-99
Mail: [email protected]
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29.06.2016 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,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Lloyd Fonds Aktiengesellschaft
Amelungstr. 8-10
20354 Hamburg
Germany
Phone: +49 (0)40 32 56 78-0
Fax: +49 (0)40 32 56 78-99
E-mail: [email protected]
Internet: www.lloydfonds.de
ISIN: DE000A12UP29
WKN: A12UP2
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart; Open Market (Entry Standard)
in Frankfurt
End of News DGAP News Service
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474927 29.06.2016
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