18.11.2021 GORE German Office Real Estate AG  DE000A0Z26C8

DGAP-News: GORE German Office Real Estate AG sells commercial property in Neuss as part of focus on real estate investments


DGAP-News: GORE German Office Real Estate AG / Key word(s): Real Estate/Disposal
GORE German Office Real Estate AG sells commercial property in Neuss as part of focus on real estate investments

18.11.2021 / 10:00
The issuer is solely responsible for the content of this announcement.

GORE German Office Real Estate AG sells commercial property in Neuss as part of focus on real estate investments

Frankfurt/Main, 18. November 2021 - GORE German Office Real Estate AG ("GORE", ISIN: DE000A0Z26C8) has successfully sold a fully leased commercial property with a total leasable area of 3,210 square meters and 63 outdoor parking spaces. The parties have agreed not to disclose the purchase price or the buyer. The multi-tenant property is centrally located in the industrial area of Neuss and features the globally active automotive supplier Yanfeng Europe Automotive & Co. KG and the auditing company KPMG AG, the multi-tenant property has a solid tenant structure. The average lease term in the property is 5.4 years. The office property was built in 1993 and extensively renovated in 2017.

The sale of the property is part of GORE's intended strategy in the course of the contribution of a Luxembourg real estate and real estate investment portfolio worth more than EUR 1 billion to the company (see ad hoc release dated October 19, 2021). Thus, GORE is planning a realignment with an investment focus on the attractive Luxembourg commercial real estate market. This is to be accompanied by a new appointment to the GORE Management Board as well as a change of name to "PREOS Luxembourg" and a change of domicile to Luxembourg. Furthermore, an additional listing of GORE shares on the Luxembourg Stock Exchange is envisaged.

About GORE
The GORE German Office Real Estate AG ("GORE") is a dynamically growing real estate investor with a focus on office properties in German conurbations. Using a manage-to-core approach, GORE acquires properties in preferred locations at below market value wherever possible in order to sustainably enhance their value. Investment activities focus on properties with a market value of between EUR 1 and 15 million. Compared to other property sizes, this size class offers a less competitive market environment in terms of purchasing according to GORE estimates. GORE's aim is to generate above-average value enhancement and return potential along the entire value chain, from acquisition through management to sale, together with its partners. The volume of the real estate portfolio is expected to be multiplied by acquisitions in the coming years.

Press Contact:

edicto GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42
60322 Frankfurt am Main
Phone +49(0) 69/905505-52
Mail [email protected]

18.11.2021 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

Language: English
Company: GORE German Office Real Estate AG
Bockenheimer Landstraße 17-19
60325 Frankfurt am Main
Phone: 069 / 2714 74 038
E-mail: [email protected]
Internet: www.gore-ag.de
ISIN: DE000A0Z26C8
Listed: Regulated Unofficial Market in Frankfurt, Munich (m:access)
EQS News ID: 1250095

End of News DGAP News Service

1250095  18.11.2021 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022
Umsatzerlöse1 0,29 0,81 0,04 0,00 0,02 0,01 0,00
EBITDA1,2 3,08 -0,69 -0,27 -0,62 -0,95 0,21 0,00
EBITDA-Marge3 1.062,07 -85,19 -675,00 0,00 -4.750,00 2.100,00 0,00
EBIT1,4 3,08 -0,69 -0,28 -0,62 -0,95 0,20 0,00
EBIT-Marge5 1.062,07 -85,19 -700,00 0,00 -4.750,00 2.000,00 0,00
Jahresüberschuss1 2,44 -0,71 0,22 -0,13 -1,11 -0,35 0,00
Netto-Marge6 841,38 -87,65 550,00 0,00 -5.550,00 -3.500,00 0,00
Cashflow1,7 2,44 -0,71 0,22 -0,13 -1,10 -0,35 0,00
Ergebnis je Aktie8 0,16 -0,05 0,01 -0,01 -0,03 -0,01 0,00
Dividende8 0,27 0,00 0,00 0,00 0,00 0,00 0,07
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Grand Thornton

GORE German Office Real Estate
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0Z26C 0,880 33,02
KGV 2024e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,57 18,56 0,69 12,57
0,48 - 1.651,10 252,47
Dividende '22 in € Dividende '23e in € Div.-Rendite '22e
in %
0,07 0,10 7,95 07.12.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
26.11.2021 21.10.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-48,36% -58,14% -64,80% -67,41%
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu GORE German Office Real Estate AG  ISIN: DE000A0Z26C8 können Sie bei EQS abrufen

Immobilien (Gewerbe) , A0Z26C , GAG , XETR:GAG