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BRIEF-GXP German Properties says signed agreement to buy an office property in Berlin-Teltow
August 28, 2017 / 7:04 PM / 3 months ago

BRIEF-GXP German Properties says signed agreement to buy an office property in Berlin-Teltow

Aug 28 (Reuters) - Gxp German Properties Ag -

* GXP GERMAN PROPERTIES CONTINUES ITS GROWTH WITH OFFICE ASSET ACQUISITION AND FULLY SUB-SCRIBED CASH CAPITAL INCREASE; CHANGE IN THE SUPERVISORY BOARD

* SIGNED TODAY A PURCHASE AGREEMENT FOR ACQUISITION OF AN OFFICE PROPERTY IN BERLIN-TELTOW

* MARKET VALUE OF PROPERTY IS APPROX. EUR 18.2 MILLION AND GENERATES RENTAL INCOME OF APPROX. EUR 1.1 MILLION PER YEAR

* GXP EXPECTS AN ANNUAL FFO CONTRIBUTION OF APPROX. EUR 0.5 MILLION FROM PROPERTY FROM 2018 ONWARDS

* SUPERVISORY BOARD CHAIRMAN ANDREAS LEWANDOWSKI ANNOUNCED HE WILL RESIGN FROM SUPERVISORY BOARD AS OF SEPTEMBER 30 Source text for Eikon: Further company coverage:

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