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On May 19, 2021, Commerz Real AG, a subsidiary of Commerzbank AG, sold Highlight Towers in Munich to a joint venture between the family-owned companies IMFARR Beteiligungs GmbH and Switzerland-based SN Beteiligungen Holding AG. The purchase price is estimated to be €700 million. The office towers are fully let to companies such as Amazon, IBM, […]
DGAP-Ad-hoc: Gateway Real Estate AG / Key word(s): Acquisition/Real Estate Gateway Real Estate AG acquires two large residential development sites in Cologne and Dresden 17-Feb-2021 / 10:17 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. Gateway Real Estate AG acquires two large residential development sites in Cologne and Dresden Frankfurt am Main, February 17, 2021. Gateway Real Estate AG (WKN A0JJTG / ISIN DE000A0JJTG7) ("Gateway") acquires two residential development sites with a total of around 540,000 sqm of floor space in Cologne and Dresden. To this end, the company has reached an agreement with SN Beteiligungen Holding AG ("SNBH") on the acquisition of all shares in Borussia Invest GmbH by Gateway. The notarization of the share purchase agreement, which has just been approved by the Supervisory Board of Gateway, will take place in the course of today.