DGAP-News: Aves One AG further expands its portfolio by acquiring swap bodies with a volume of EUR 17 million

Corporate News

Aves One AG further expands its portfolio by acquiring swap bodies with a volume of EUR 17 million

Hamburg, 12 February 2019 - Aves One AG, a strongly expanding investor in the field of long-life logistics assets, has acquired approx. 2,000 swap bodies with a volume of around EUR 17 million in several transactions in recent weeks. The acquisitions include around 1,200 brand-new swap bodies, which are mostly leased to the Hamburg logistics company Hermes Germany GmbH (Hermes). After a basic lease term of five years has expired, Hermes can exercise an extension option for a further period of five years. Aves One has thus expanded its swap body portfolio to around 7,800 swap bodies.

"We are pleased that we have won Hermes, among others, an extremely creditworthy tenant for our new assets," says Jürgen Bauer, CEO of Aves One AG. "In view of the high capacity utilization of swap body manufacturers and the sustained growth of the courier, express and parcel market, we expect demand to continue rising strongly. We are open to expanding our business relationships with renowned market players such as Hermes," continues Bauer.

About Aves One AG
Aves One AG is a strongly expanding holder of long-life logistics assets with a focus on freight cars. The portfolio also includes containers and swap bodies. The company plans to increase the value of its assets to more than EUR 1 billion by the end of 2019. With a young, profitable freight car portfolio, Aves One is one of the leading holders of rail logistics assets in Europe. The strategy is geared to constant optimisation of Aves One's stock and further expansion of the logistics portfolio. Based in Hamburg, Aves One AG is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange (ISIN: DE000A168114; WKN: A16811).

For further information
www.avesone.com

Contact
Aves One AG
Jürgen Bauer, CEO
T +49 (40) 696 528 350
F +49 (40) 696 528 359
E ir@avesone.com