PREOS Real Estate AG: Continued full occupancy in Essen property - University Hospital moves into recently vacated space

Leipzig, 7 May 2020 - PREOS Real Estate AG ("PREOS", ISIN DE000A2LQ850) has gained another renowned tenant for the approximately 100,000 square meter property in Essen through its asset manager publity. The University Hospital Essen has now leased around 3,000 square metres of office and storage space for five years, which had previously been temporarily used by the Karstadt department store group. As a result of the new contract with Essen University Hospital, all space in the property is now let once again.

The property in Essen-Bredeney has been part of the PREOS portfolio since 2019. One of the other largest tenants is the Essen police force, which has leased extensive space until 2028.

Frederik Mehlitz, CEO of PREOS Real Estate AG comments: "We are very pleased that due to the corona pandemic we were able to quickly provide the University Hospital Essen with office and storage space that was needed more urgently than ever. At the same time, by concluding the new tenancy agreement, we are securing full occupancy for our property in Essen. This is a testimony to our functioning network."

About PREOS Real Estate AG

PREOS Real Estate AG ("PREOS") is an active real estate investor focused on office properties. PREOS acts as an efficient management holding company. The acquisition focuses on office properties with development potential in German metropolitan regions. Value creation is generated by targeted asset management measures. Developed portfolio properties are sold in the event of adequate sales opportunities. The corporate strategy is to significantly expand the real estate portfolio through acquisitions in the coming years. The PREOS share (ISIN DE000A2LQ850) is listed in the over-the-counter segment m:access of the Munich Stock Exchange (PAG.MU) and on Xetra (PAG.DE). The company headquarters of PREOS is located in Leipzig.

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