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Branicks Group AG: Sale of logistics center in Hochheim

EQS-News: Branicks Group AG / Key word(s): Real Estate/Disposal
Branicks Group AG: Sale of logistics center in Hochheim

10.12.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


 

Frankfurt am Main, December 10, 2024

Press release of the Branicks Group AG

 

Branicks Group AG: Sale of logistics center in Hochheim

  • Pictet Alternative Advisors and Scantum DW take over property from RLI Logistics Fund Germany I 
  • Further sale from the Institutional Business

Frankfurt am Main, December 10, 2024: Branicks Group AG (“Branicks”), ISIN: DE000A1X3XX4, one of Germany's leading listed real estate companies, notarized the sale of a logistics center in Hochheim on 29 November 2024. The property is part of the RLI Logistics Fund Germany I, which is managed by Branicks as part of its Institutional Business. Closing is planned for the first quarter of 2025. The buyer is a joint venture between Pictet Alternative Advisors and Scantum DW GmbH.

The property at Rüdesheimer Strasse 51 in Hochheim (Hesse) dates back to 1971, was extended twice in 1982 and 2001 to a lettable area of almost 20,000 m2 and is fully let.

 

About Branicks Group AG:
Branicks Group AG (formerly DIC Asset AG) is a leading German listed specialist for office and logistics real estate as well as renewable assets with over 25 years of experience in the real estate market and access to a broad investor network. Our basis is the national and regional real estate platform with nine offices in the ground in all major German markets (including VIB Vermögen AG). As of September 30, 2024, we managed properties with a market value of EUR 12.1 billion in the Commercial Portfolio and Institutional Business segments.

The Commercial Portfolio segment comprises real estate held for our own account. Here, we generate cash flows from stable rent revenues on long-term leases while also optimizing the value of our portfolio assets through active management and realizing gains from sales.

In the Institutional Business segment, we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment products that return attractive dividend yields.

The shares of Branicks Group AG are listed in the Prime Standard of the German Stock Exchange (WKN: A1X3XX / ISIN: DE000A1X3XX4).

The company is fully committed to sustainability and occupies top positions in ESG-relevant ratings such as Morningstar Sustainalytics and S&P Global CSA. The Branicks Group is also a signatory to the UN Global Compact and the UN PRI network. Properties in the Branicks portfolio have been awarded renowned sustainability certificates such as DGNB, LEED or BREEAM.

For more details, go to www.branicks.com

 

PR Contact Branicks Group AG:

Stephan Heimbach

Neue Mainzer Strasse 32-36

D-60311 Frankfurt am Main

Phone +49 69 9454858-1569

pr@branicks.com

 

IR Contact Branicks Group AG:

Jasmin Dentz

Neue Mainzer Strasse 32-36

D-60311 Frankfurt am Main

Phone +49 69 9454858-1492

ir@branicks.com

 

 

 



10.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:English
Company:Branicks Group AG
Neue Mainzer Straße 32-36
60311 Frankfurt am Main
Germany
Phone:+49 69 9454858-1492
Fax:+49 69 9454858-9399
E-mail:ir@branicks.com
Internet:www.branicks.com
ISIN:DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9
WKN:A1X3XX, A12T64, A2GSCV, A2NBZG
Listed:Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID:2047129

 
End of NewsEQS News Service

2047129  10.12.2024 CET/CEST

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