DGAP-News: GORE German Office Real Estate AG / Keyword (s): Real estate / Miscellaneous
02.06.2021 / 09:36
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GORE: Commercial property successfully sold in Grafing near Munich

Frankfurt am Main, 02 June 2021 – GORE German Office Real Estate AG (“GORE”; ISIN DE000A0Z26C8) successfully sold a commercial building in Grafing. The property of over 4000 square meters is located in the economically strong surroundings of Munich, about 30 kilometers from the Bavarian capital. The entire property is leased to Nuvisan, an internationally active research institute.

The parties have undertaken not to disclose the buyer or the purchase price. The transaction involves publicity AG (“publity”; ISIN DE0006972508) in its capacity as asset manager for GORE and Neopolis Advisory of Berlin. publicity acquired the commercial building in 2018 and has developed it continuously since then: In November 2020, Nuvisan extended the lease until 2035.

Jörg Reinhardt, CEO of GORE: “The sale of the commercial building in Grafing underlies
our successful business model, which is, among other things, the sale of attractive properties with potential for returns. We also benefited from the know-how of our proven partner in this transaction. “

Frank Schneider, President and CEO of publicity: “Despite the Corona pandemic, we have been able to successfully develop the Grafing property. In particular, we have optimized the rental contract and extended the contract for the main tenant Nuvisan by an additional 15 years. selling to a suitable buyer shows how strong our network is, especially in a tough environment. “

Press contact:

editorial GmbH
Axel Mühlhaus
Eschersheimer Landstrae 42
60322 Frankfurt am Main
Telephone +49 (0) 69/905 505-52
Send an email to publicity@edicto.de

About GORE
GORE German Office Real Estate AG (“GOREâ€) is a growing real estate investor focusing on office buildings in German metropolitan areas. Using a management-to-heart approach, GORE acquires properties in prime locations priced below market value wherever possible in order to sustainably improve their value. Investing activities focus on properties with a market value between 1 and 15 million euros. Compared to other property sizes, this size class offers a less competitive market environment in terms of purchasing as estimated by GORE. GORE’s goal is to generate above-average value and return potential throughout the value chain, from acquisition to management to sale, in collaboration with its partners. The volume of the real estate portfolio should be multiplied by acquisitions in the coming years.

06/02/2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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