EQS-News: Branicks Group AG sells two logistics properties in Neufahrn for c. EUR 80 million
Branicks Group AG sells two logistics properties in Neufahrn for c. EUR 80 million
- Branicks Group AG sells two logistics properties in Neufahrn for c. EUR 80 million
The issuer is solely responsible for the content of this announcement. - Branicks Group AG sells two logistics properties in Neufahrn for c. EUR 80 million
Two logistics properties sold for c. EUR 80 million to a foreign investor
Effort to re-focus on younger, more energy- and climate-efficient properties in the logistics asset class is making good progress
Volume of property disposals in 2023 approximates EUR 225 million to date, with further disposals planned before year-end
Branicks Group AG (“Branicks”, ISIN: DE000A1X3XX4), one of Germany’s leading listed property companies, just announced the disposal of two logistics properties in Neufahrn near Munich to a foreign investor. - The disposal brings Branicks up to a total of EUR 225 million in notarised property sales as the company approaches the projected year-end target of EUR 300 million to EUR 600 million in notarised sales (thereof EUR 300 million to EUR 500 million in assets sold out of the proprietary portfolio).
- Moreover, we keep strengthening our consolidated accounts in line with our ‘Performance 2024’ action plan,” commented Sonja Wärntges, CEO of Branicks.