EQS-News: Branicks Group AG
/ Key word(s): Real Estate/Disposal
Frankfurt am Main, December 10, 2024 Press release of the Branicks Group AG
Branicks Group AG: Sale of logistics center in Hochheim
Frankfurt am Main, December 10, 2024: Branicks Group AG ("Branicks"), ISIN: DE000A1X3XX4, one of Germany's leading listed real estate companies, notarized the sale of a logistics center in Hochheim on 29 November 2024. The property is part of the RLI Logistics Fund Germany I, which is managed by Branicks as part of its Institutional Business. Closing is planned for the first quarter of 2025. The buyer is a joint venture between Pictet Alternative Advisors and Scantum DW GmbH. The property at Rüdesheimer Strasse 51 in Hochheim (Hesse) dates back to 1971, was extended twice in 1982 and 2001 to a lettable area of almost 20,000 m2 and is fully let.
About Branicks Group AG: The Commercial Portfolio segment comprises real estate held for our own account. Here, we generate cash flows from stable rent revenues on long-term leases while also optimizing the value of our portfolio assets through active management and realizing gains from sales. In the Institutional Business segment, we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment products that return attractive dividend yields. The shares of Branicks Group AG are listed in the Prime Standard of the German Stock Exchange DE. The company is fully committed to sustainability and occupies top positions in ESG-relevant ratings such as Morningstar Sustainalytics and S&P Global CSA. The Branicks Group is also a signatory to the UN Global Compact and the UN PRI network. Properties in the Branicks portfolio have been awarded renowned sustainability certificates such as DGNB, LEED or BREEAM. For more details, go to www.branicks.com
PR Contact Branicks Group AG: Stephan Heimbach Neue Mainzer Strasse 32-36 D-60311 Frankfurt am Main Phone +49 69 9454858-1569 pr@branicks.com
IR Contact Branicks Group AG: Jasmin Dentz Neue Mainzer Strasse 32-36 D-60311 Frankfurt am Main Phone +49 69 9454858-1492 ir@branicks.com
10.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | Branicks Group AG |
Neue Mainzer Straße 32-36 | |
60311 Frankfurt am Main | |
Germany | |
Phone: | +49 69 9454858-1492 |
Fax: | +49 69 9454858-9399 |
E-mail: | ir@branicks.com |
Internet: | www.branicks.com |
ISIN: | DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9 |
WKN: | A1X3XX, A12T64, A2GSCV, A2NBZG |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange |
EQS News ID: | 2047129 |
End of News | EQS News Service |
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2047129 10.12.2024 CET/CEST
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