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DGAP-News: Aareal Bank sells Main Triangle building to WCM (news with additional features)

24.06.2015, 15:22 Uhr

DGAP-News: Aareal Bank AG / Key word(s): Miscellaneous Aareal Bank sells Main Triangle building to WCM (news with additional features)

24.06.2015 / 15:21

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Aareal Bank sells Main Triangle building to WCM

Wiesbaden, 24 June 2015 - Aareal Bank Group has sold the Main Triangle building in Frankfurt to WCM Beteiligungs- und Grundbesitz AG. The purchase price amounts to approximately EUR 92 million. The closing of the transaction is expected for September 2015.

The seller of the property is Main Triangel GmbH, a subsidiary of Aareal Bank AG. Aareal Estate AG supported the sales process as transaction advisor. Aareal Bank has supported Main Triangel from the project planning phase in 2001 to the construction and letting phase until today. The German property investment market currently is characterised by a high demand for high-quality properties in particular. For this reason, Aareal Bank decided to sell the well-let property at the present time. Through this transaction Aareal Bank generates a single-digit million amount to be recognised in the income statement.


Contact: Aareal Bank AG Corporate Communications

Sven Korndörffer Phone: +49 611 348 2306 sven.korndoerffer@aareal-bank.com

Christian Feldbrügge Phone: +49 611 348 2280 christian.feldbruegge@aareal-bank.com

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Jorge Person Phone: +49 611 348 3217 jorge.person@aareal-bank.com

Alessandro Schwarz Phone: +49 611 348 2923 alessandro.schwarz@aareal-bank.com

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Aareal Bank AG, Registered Office: Wiesbaden Commercial Register: Amtsgericht Wiesbaden HRB 13184 Chairman of the Supervisory Board: Marija G. Korsch Management Board: Dr. Wolf Schumacher (Chairman), Hermann J. Merkens (Deputy Chairman), Dagmar Knopek, Thomas Ortmanns



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Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=GIEIOROFST Document title: 20150624_Press Release.pdf

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24.06.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Aareal Bank AG
Paulinenstr.15
65189 Wiesbaden
Germany
Phone: +49 (0)611 348 - 0
Fax: +49 (0)611 348 - 2332
E-mail: aareal@aareal-bank.com
Internet: www.aareal-bank.com
ISIN: DE0005408116
WKN: 540811
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart; Stockholm


End of News DGAP News-Service
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371683 24.06.2015

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Firmenname: Aareal Bank AG; Land: Deutschland; VWD Selektoren: 1E;
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