DO Deutsche Office AG
DO Deutsche Office AG: Deutsche Office sells building ‘An den Treptowers 3’ in Berlin
DGAP-News: DO Deutsche Office AG / Key word(s): Disposal Press release Deutsche Office sells building ‘An den Treptowers 3’ in Berlin Hamburg, July 8, 2016 – DO Deutsche Office AG (‘Deutsche Office’, symbol: PMOX, ISIN: DE000PRME020), announces that it has signed a binding and notarised agreement on the disposal of 100% of the shares in the company holding the asset ‘An den Treptowers 3’ in Berlin. The c. 90,000 sqm asset is located in Berlin’s submarket Mediaspree and is currently fully let to Allianz. Allianz has announced to vacate the building at the end of its current lease in mid-2019. The building generates an annual rental income of EUR 13.9 million. The purchase price for the company owning the Treptowers building amounts to approx. EUR 230 million; as part of the ‘Report on the enterprise value and appropriate cash compensation’ KPMG had confirmed that a disposal at such price will have no impact on the enterprise value of Deutsche Office and, accordingly, on the cash compensation to be offered to Deutsche Office shareholders in accordance with Sec. 207 UmwG in relation to the transformation of Deutsche Office into a limited partnership. As announced on May 27, 2016 the Management Board and the Supervisory Board of Deutsche Office propose a cash compensation of EUR 4.68 per share to the Annual General Meeting to be held on July 12, 2016 in Cologne. Deutsche Office was advised by alstria office REIT-AG in the disposal process. The transaction was brokered by JLL. The seller was advised by Freshfields Bruckhaus Deringer. The buyer was advised by Clifford Chance. Contact: Disclaimer:
2016-07-08 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | DO Deutsche Office AG | |
Bäckerbreitergang 75 | ||
20355 Hamburg | ||
Germany | ||
Phone: | +49 (0)40 22 63 41 300 | |
Fax: | +49 (0)40 22 63 41 310 | |
E-mail: | info@deutsche-office.de | |
Internet: | www.deutsche-office.de | |
ISIN: | DE000PRME020 | |
WKN: | PRME02 | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart | |
End of News | DGAP News Service |