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EYEMAXX Real Estate AG / Key word(s): Letter of Intent
EYEMAXX Real Estate AG: Eyemaxx reaches economic agreement about the sale of the properties and plots of land in Serbia
26-Sep-2019 / 10:01 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Insider Information according to Article 17 MAR
Eyemaxx reaches economic agreement about the sale of the properties and plots of land in Serbia
- Binding letter of intent signed with strategic investor
- First net liquidity inflow in the amount of more than EUR 10 million already expected for the fourth quarter of 2019
Aschaffenburg, 26 September 2019 - Eyemaxx Real Estate AG (General Standard; ISIN: DE000A0V9L94; "Eyemaxx") has reached an economic agreement about the sale of its logistics centre consisting of two halls let to a large extent as well as essential parts of its plots of land in Serbia. A corresponding letter of intent (LOI) has been signed today with a strategic investor in which an agreement has been reached about all essential transaction parameters. It is intended that Eyemaxx sells through a combination of share and asset deal the two large logistics halls on the one hand and extensive plots of land, on the other, located in Stara Pazova on the outskirts of Belgrade for a significant double digit million euro amount to the investor. The deal involves two logistics halls with a lettable area of around 46,000 square metres with partly internationally renowned anchor tenants as well as plots of land totalling approximately 140,000 square metres. Eyemaxx will receive from this sale a net liquidity inflow of more than EUR 15 million.
Information and Explanation of the Issuer to this News:
Dr. Michael Müller, CEO of Eyemaxx: 'We are absolutely confident that the transaction will be implemented in the planned form. With the realisation of the appreciations achieved by us during the past years, we bring our commitment in Serbia to a successful close and document once more that in Serbia, too, we had the right feeling for attractive project developments. We are pleased about the high return on investment and will use the inflow of liquidity for the further strengthening of Eyemaxx and new projects.'
Contact
Investor Relations / Financial Press
Axel Mühlhaus, Peggy Kropmanns
edicto GmbH
eyemaxx@edicto.de
Telephone: +49 69 905505-52
About Eyemaxx Real Estate AG
Eyemaxx Real Estate AG is a real estate company with a long-standing successful track record, focussing on residential properties in Germany and Austria. In the company's recent past its corporate strategy has also included hotels and serviced apartments as well as developing urban districts in Germany.
Eyemaxx' business activities take a dual-pronged approach. These include high-margin projects and also the continued expansion of its stocks of let commercial properties, which generate ongoing rental income and thus constant cash flows. In so doing, Eyemaxx uses the expertise offered by its experienced management team together with a strong team of real estate professionals, and also a well-established and broad network which opens up additional access to attractive properties and projects. As a result, the current project pipeline has been grown to a total of around EUR 855 million.
Shares of Eyemaxx Real Estate AG are listed in the General Standard of the Frankfurt Stock Exchange and in the direct market plus on the Vienna Stock Exchange. The company has also issued several bonds, which are likewise listed on the stock exchange.
You can find more information at www.eyemaxx.com
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