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DGAP-News: GxP German Properties expands portfolio with acquisition of several office properties worth roughly EUR30 million

DGAP-News: GxP German Properties AG / Key word(s): Acquisition/Real Estate GxP German Properties expands portfolio with acquisition of several office properties worth roughly EUR30 million

06.09.2016 / 09:14 The issuer is solely responsible for the content of this announcement.

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GxP German Properties expands portfolio with acquisition of several office properties worth roughly EUR30 million

- Acquisition of two office properties with a total rental area of more than 14,600 square metres in Dresden

- Purchase of a property with a total rental area of about 15,000 square metres at central location in Erbach

- Value of portfolio approximately EUR 30 million

- Attractive initial yields of between 8% and 10%

Berlin, 6 September 2016 - GxP German Properties (GxP) has acquired multiple office properties for its portfolio. The value of these properties is approximately EUR30 million. The transfer of ownership for the properties is planned for November.

Two office properties are centrally located in the Friedrichstadt district of Dresden, the capital of Saxony - a metropolis with over 500,000 residents. Together, they have a total rental area of about 14,600 square metres with good public transportation connections. The properties are nearly completely let with a vacancy rate of just above four percent. These properties are being let to tenants with strong credit ratings from various industries, such as telecommunications, insurance and infrastructure. The weighted average unexpired lease term (WAULT) is about five years.

The second office building is located in the economically robust Rhine-Main district in Erbach (Hessen). The total area of the property is roughly 15,000 square metres. The property has a vacancy rate of 17 percent and therefore offers good opportunities for further value enhancement through active in-house asset management by GxP. Tenants primarily include public sector companies with long-term lease contracts and solid credit ratings. Accordingly, the property has a WAULT of close to 9 years and therefore provides secure, long-term cash flows. The entire property was comprehensively modernized in 2000 - including renovations. As a result, the property is in good condition and requires only minimal investments.

Johannes Meran, CEO of GxP: "Thanks to our tight network, we can regularly identify properties with attractive value enhancement potential. The current acquisitions are a further step in terms of expanding our portfolio of lucrative commercial properties. In addition, we will use our experience in the field of asset management to leverage further value enhancement potential for all three properties."

GxP German Properties AG

With its headquarter in Berlin, GxP German Properties focuses on the Acquisition, Ownership and Management of office and retail properties in Germany. The investment strategy focuses on attractive commercial properties in the Core+/Value add segments in metropolitan regions and selected mid-sized cities in Germany. The company's strategy is to leverage significant appreciation potential through proactive portfolio management whilst safeguarding sustainable rental revenues at the same time. To this end, it draws on both its many years of experience in the property market and its extensive network. Together with institutional investors, the company has invested in a portfolio of high-value properties worth around EUR180 million and manages the properties as part of its asset management business.

The company's website can be accessed at www.gxpag.com

Contacts:



GxP German Properties AG Kirchhoff Consult AG Europa Center 19. OG Herrengraben 1 Tauentzienstr. 9 20459 Hamburg D-10789 Berlin TEL: +49 (0)40 609 186 65 TEL: +49 (0)30 886 267 40 FAX: +49 (0)40 609 186 60 FAX: +49 (0)30 886 267 411 E-MAIL: gxp@kirchhoff.de E-MAIL: info@gxpag.com



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06.09.2016 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: GxP German Properties AG Tauentzienstraße 9 10789 Hamburg Germany Phone: +49 (0)30 88 62 67 40 Fax: +49 (0)30 88 62 67 411 E-mail: info@gxpag.com Internet: http://gxpag.com/ ISIN: DE000A1YCNN8 WKN: A1YCNN Listed: Regulated Unofficial Market in Munich, Stuttgart End of News DGAP News Service ---------------------------------------------------------------------------

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