NUVA Noratis AG

DGAP-News: Noratis AG sells real estate portfolio of 185 units in Neu-Isenburg to the d.i.i. Group

DGAP-News: Noratis AG / Key word(s): Real Estate
Noratis AG sells real estate portfolio of 185 units in Neu-Isenburg to the d.i.i. Group

26.05.2021 / 08:30
The issuer is solely responsible for the content of this announcement.


Noratis AG sells real estate portfolio of 185 units in Neu-Isenburg to the d.i.i. Group

Eschborn, 26 May 2021 - Noratis AG (ISIN: DE000A2E4MK4, WKN: A2E4MK, "Noratis") has sold its real estate portfolio in Neu-Isenburg, Rhine-Main Region, with a total of 185 residential units and a rental area of around 11,600 m2. The portfolio has been bought by the Wiesbaden-based d.i.i. Group. Both parties have agreed not to disclose the purchase price.

The properties are located close to downtown Neu-Isenburg and in the district of Gravenbruch. They have been extensively upgraded during the past years. For the 150 residential units close to the city centre, the façade was refurbished and many building services were renewed, elevators were renovated and fire protection was comprehensively enhanced, amongst other measures. For the 35 residential units located in the Gravenbruch district, Noratis upgraded the façade, repaired the roof and likewise enhanced the fire protection, amongst other measures. In addition, the company refurbished vacant apartments in all properties and returned them to the rental market.

As a portfolio developer, selling technically and commercially upgraded properties is a central part of Noratis' business model. During the past year Noratis deliberately abstained from larger property sales for the benefit of a more rapid extension of the property stock. Despite higher sales activities, the company intends to maintain this growth course in 2021 as well.

Flaminia zu Salm-Salm, Head of Transaction Management at Noratis AG: "The Rhine-Main Region is our domestic market. We are pleased that we have been able to successfully sell the properties in Neu-Isenburg after having extensively upgraded them. This represents an important step towards meeting our 2021 sales target. We intend to invest the inflow of funds in the further expansion of our portfolio throughout Germany."

 

About Noratis:

Noratis AG () is a leading portfolio developer of residential properties in Germany. The company identifies and realizes potentials for tenants, owner-occupiers & investors, thereby creating and preserving attractive and at the same time affordable living space throughout Germany. Noratis specializes in the upgrading of ageing residential portfolios, mostly company-owned apartments, residential areas or housing estates in cities with more than 10,000 inhabitants and in peripheral areas of conurbations. After a successful development, the properties remain in the company's portfolio or are sold in the medium term to investors and/or individually to existing tenants, capital investors and owner-occupiers. In this way, Noratis creates a noticeable and sustainable added value for all stakeholders: from investors, employees and financing partners to current and future tenants. Noratis AG is listed on the Frankfurt Stock Exchange.

Investor & Public Relations Contact:

edicto GmbH
Dr. Sönke Knop
T +49 (0)69 905 505 51
E
Eschersheimer Landstraße 42
60322 Frankfurt am Main



26.05.2021 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.
Archive at


Language: English
Company: Noratis AG
Hauptstraße 129
65760 Eschborn
Germany
Phone: +49 (0) 69 / 170 77 68 20
E-mail:
Internet:
ISIN: DE000A2E4MK4
WKN: A2E4MK
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1199457

 
End of News DGAP News Service

1199457  26.05.2021 

fncls.ssp?fn=show_t_gif&application_id=1199457&application_name=news&site_id=research_pool
EN
26/05/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Noratis AG

 PRESS RELEASE

EQS-News: Noratis AG: Aufschiebende Bedingungen aus Beschlüssen der An...

EQS-News: Noratis AG / Schlagwort(e): Sonstiges Noratis AG: Aufschiebende Bedingungen aus Beschlüssen der Anleihegläubigerversammlung vollständig erfüllt 05.02.2025 / 14:35 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.   Noratis AG Eschborn   Noratis AG: Aufschiebende Bedingungen aus Beschlüssen der Anleihegläubigerversammlung vollständig erfüllt Eschborn, 5. Februar 2025 – Die Noratis AG (Aktie: ISIN: DE000A2E4MK4/ WKN: A2E4MK) teilt mit, dass die aufschiebenden Bedingungen für die Unternehmensanleihe 2020/2028 vollständig erfü...

 PRESS RELEASE

EQS-News: Noratis AG: Kapitalerhöhung erfolgreich abgeschlossen

EQS-News: Noratis AG / Schlagwort(e): Kapitalerhöhung/Sonstiges Noratis AG: Kapitalerhöhung erfolgreich abgeschlossen 16.01.2025 / 15:47 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Noratis AG Eschborn  Noratis AG: Kapitalerhöhung erfolgreich abgeschlossen Bruttomittelzufluss für Noratis von rd. 7,3 Mio. Euro Erfolgreich umgesetztes Maßnahmenbündel aus Kapitalerhöhungen und Prolongation von Unternehmensanleihen sichert Flexibilität Eschborn, 16. Januar 2025 – Die Noratis AG (Aktie: ISIN: DE000A2E4MK4/ WKN: A2E4MK) teilt mit, da...

Noratis AG: 1 director

A director at Noratis AG sold 95,556 shares at 0.000EUR and the significance rating of the trade was 62/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showi...

 PRESS RELEASE

EQS-News: Noratis AG: Außerordentliche Hauptversammlung beschließt Kap...

EQS-News: Noratis AG / Schlagwort(e): Hauptversammlung/Kapitalerhöhung Noratis AG: Außerordentliche Hauptversammlung beschließt Kapitalerhöhung über bis zu 7,31 Mio. Euro und Verkleinerung des Aufsichtsrats 27.11.2024 / 16:15 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.   Noratis AG Eschborn   Noratis AG: Außerordentliche Hauptversammlung beschließt Kapitalerhöhung über bis zu 7,31 Mio. Euro und Verkleinerung des Aufsichtsrats Eschborn, 27. November 2024 – Die außerordentliche Hauptversammlung der Noratis AG (Aktie: ISIN: DE000...

 PRESS RELEASE

EQS-News: Noratis AG prolongiert erfolgreich auch Anleihe 2021/2027

EQS-News: Noratis AG / Schlagwort(e): Anleihe Noratis AG prolongiert erfolgreich auch Anleihe 2021/2027 11.11.2024 / 08:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Noratis AG prolongiert erfolgreich auch Anleihe 2021/2027 Eschborn, 11. November 2024 – Die Noratis AG (Aktie: ISIN: DE000A2E4MK4/ WKN: A2E4MK) hat auch ihre 4,75-%-Unternehmensanleihe 2021/2027 (ISIN: DE000A3E5WP8, WKN: A3E5WP) erfolgreich bis zum 31. Dezember 2029 prolongiert. Eine entsprechende Vereinbarung mit unveränderten Konditionen ist mit dem einzigen Gläub...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch