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Wednesday 07 November, 2018

DGH Deutsche Gwt HG

acquisition of 295 residential units from KEWOG

RNS Number : 6820G
DGH Deutsche Grundwert Holding AG
07 November 2018
 

The Board of Management of DGH Deutsche Grundwert Holding AG herewith announces that DGH has been awarded the contract to acquire 295 residential units, thus reaching its target for establishing its residential segment in 2018.

 

Berlin, 07 November 2018 - The Board of Management of DGH Deutsche Grundwert Holding AG (ISIN: DE000A0B6VN9) has today been awarded the contract to acquire 295 residential units from KEWOG kommunale Entwicklungs- und Wohnungsbaugesellschaft mbH. The real estate package comprises a total residential floor space of 19,888 m² on a plot of 57,381 m² at locations in Mitterteich and Oberfranken. Bernd Büsching, Managing Director of KEWOG, and Frank Peinelt and Michael Power, members of the board of DGH, have agreed that notarization of the sale is to take place in 2018. The parties have agreed non-disclosure of the purchase price.

DGH's New Generation Investment philosophy was a decisive factor for the municipal owners and local decision-makers in the exercise of their responsibility to ensure that DGH would continue to manage and develop the municipal housing stock in a sustainable manner compatible with social aspects, the interests of the region and the people living there.

 

Management Board

Frank Peinelt, Michael Power

 

Investor Relations Contact

DGH Deutsche Grundwert Holding AG

Michael Power

Landsberger Allee 366

12681 Berlin

Germany

 

Phone: +49 (0) 30 52 0044 208

Fax: +49 (0) 30 52 0044 209

E-Mail: [email protected]

Internet: www.dgh-germany.com

 

Executive Board: Frank Peinelt / Michael Power

Chairman of the Supervisory Board: Udo Blümel

Legal form: Stock corporation (AG)

Commercial Register: Local Court Charlottenburg HRB 106 666 B

 

 

End of ad hoc announcement

07-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de

Language:           English

Company:           DGH Deutsche Grundwert Holding AG

Landsberger Allee 366

12681 Berlin

Germany

 

Phone: +49 (0) 30 52 0044 208

Fax:       +49 (0) 30 52 0044 209

E-mail: [email protected]

Internet: www.dgh-germany.com

ISIN:      DE000A0B6VN9

WKN:    A0B6VN

Listed:  Regulated Unofficial Market in Hamburg


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