DGAP-News: Aves One AG: Aves expands Rail portfolio by purchasing tank wagons for EUR 8.5 million

Aves expands Rail portfolio by purchasing tank wagons for EUR 8.5 million

Hamburg, 29 May 2018 - Aves One AG (Aves) has for the first time also added tank wagons to expand the Rail segment portfolio by purchasing 117 new and used petroleum and chemicals wagons. Aves previously invested exclusively in standard freight wagons. The purchase price is around EUR 8.5 million. All the tank wagons are leased to reputable companies in the chemicals and petrochemicals sector. UniCredit Leasing is financing the purchase.

As Aves One AG Management Board member Jürgen Bauer explains: "The freight wagon rental market comprises essentially two big segments - standard freight wagons and tank wagons for liquid and gaseous products. The standard freight wagon market in particular has grown very quickly in recent years, which is why we focused our investment activities on this growth market. Nonetheless, the tank wagon rental market has a relevant market share. Moreover, this business is regarded as especially stable and resistant to cyclical economic downturns. Therefore, Aves will also invest more heavily in this traditional market in the future. This acquisition of 117 tank wagons is the first step into this segment."

About Aves One AG:
Aves One AG is a Prime Standard stock exchange listed company headquartered in Hamburg. The Group invests in a portfolio holding of long-lifetime logistics assets, especially in the Rail, Container and Logistics Property business divisions. The intention is for Aves to continue the growth course consistently through further purchased acquisitions in the coming years. Doubling assets to a volume of around EUR 1 billion by 2020 is planned.

More information: www.avesone.com

Contact
Aves One AG
Jürgen Bauer, Management Board
Tel.: +49 (40) 696 528 350
Fax: +49 (40) 696 528 359
E-mail ir@avesone.com