Horten AG

DGAP-News: publity AG: PREOS Real Estate AG sells 100,000 square meter property in Essen-Bredeney to SIGNA

Retrieved on: 
Friday, September 25, 2020
Karstadt, Galeria Kaufhof, Retailers, Retailing, Cities in Germany, Frankfurt, Essen, Althoff, Signa Holding, Horten AG

Frankfurt/Main, 25/09/2020 - publity AG (Scale, ISIN DE0006972508) is pleased to announce the sale of a property with approx.

Key Points: 
  • Frankfurt/Main, 25/09/2020 - publity AG (Scale, ISIN DE0006972508) is pleased to announce the sale of a property with approx.
  • The subsidiary PREOS Real Estate AG has now sold the fully let property acquired in mid-2019 to the SIGNA Group.
  • The main tenants of the property on Theodor-Althoff-Strasse include the headquarters of the Galeria Karstadt Kaufhof Group and the Essen Police Headquarters.
  • Once again, PREOS as portfolio holder and publity as asset manager have perfectly cooperated within the Group".

DGAP-News: PREOS Real Estate AG sells 100,000 square metre property in Essen to SIGNA Group

Retrieved on: 
Friday, September 25, 2020
Karstadt, Retailers, Galeria Kaufhof, Retailing, Trade, Bredeney, Essen, Real property, Althoff, Leasehold estate, Signa Holding, Horten AG

Frankfurt am Main, 25.09.2020 - PEOS Real Estate (in future: PREOS Global Office Real Estate & Technology AG, ISIN: DE000A2LQ850, abbreviated "PREOS") has successfully sold a property with around 100,000 square metres of floor space in Essen-Bredeney to the SIGNA Group.

Key Points: 
  • Frankfurt am Main, 25.09.2020 - PEOS Real Estate (in future: PREOS Global Office Real Estate & Technology AG, ISIN: DE000A2LQ850, abbreviated "PREOS") has successfully sold a property with around 100,000 square metres of floor space in Essen-Bredeney to the SIGNA Group.
  • Among the tenants of the property on Theodor-Althoff-Strasse is the Galeria Karstadt Kaufhof Group, which has established its headquarters here.
  • Frederik Mehlitz, CEO of PREOS Real Estate: "The successful sale of the property in Essen illustrates the attractiveness of our portfolio.
  • With the Essen Police Headquarters, another attractive tenant has recently moved in, who will use the property in the long term".

DGAP-News: DIC Asset AG Signs New Long-Term Leases with the Galeria Kaufhof Department Store Chain

Retrieved on: 
Friday, July 3, 2020
Galeria Kaufhof, Asset management, Economy of Germany, Horten AG

DIC Asset AG has spent the past weeks in close communication with the Galeria Kaufhof chain of department stores, which has been working on a comprehensive restructuring plan since April 2020 within the framework of protective shield proceedings under its own administration.

Key Points: 
  • DIC Asset AG has spent the past weeks in close communication with the Galeria Kaufhof chain of department stores, which has been working on a comprehensive restructuring plan since April 2020 within the framework of protective shield proceedings under its own administration.
  • In an interim account of its restructuring planning progress, Galeria Kaufhof had previously cast doubt on the survival of all three locations.
  • As far as the Bremen asset goes, DIC Asset AG is already in the planning stage for follow-up use concepts.
  • Taking an active asset management approach, DIC Asset AG employs its proprietary, integrated real estate management platform to raise capital appreciation potential company-wide and to boost its revenues.