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Print Media Academy in Heidelberg to be Sold

Print Media Academy location in Heidelberg, Germany. Heidelberger Druckmaschinen AG (Heidelberg) continues to systematically implement its strategic agenda: As part of the planned site and structural optimization measures, the company is selling the Print Media Academy (PMA) in Heidelberg to a Luxembourg-based investment company. A corresponding purchase agreement has been signed. The sale paves the way for a new, forward-looking use of the building at a central location in the city. Heidelberg is achieving a purchase price in the low double-digit million-euro range. As an agile, modern company, Heidelberg is committed to short distances and efficient use of space. This means that employees are as close together as possible at the central site in Wiesloch/Walldorf. With this in mind, Heidelberg had already moved the few employees still working at PMA to Wiesloch/Walldorf in 2020.

Investegate |Heidelberger Druckmaschinen AG Announcements | Heidelberger Druckmaschinen AG: Modern industrial and commercial park to be built at Wiesloch/Walldorf site

DGAP-News: Heidelberger Druckmaschinen AG / Key word(s): Disposal Heidelberger Druckmaschinen AG: Modern industrial and commercial park to be built at Wiesloch/Walldorf site 23.12.2020 / 18:21 The issuer is solely responsible for the content of this announcement. Heidelberger Druckmaschinen AG (Heidelberg) has reached a further milestone as part of its planned site and structural optimization measures. The sale of an area of around 130,000 square meters to the VGP Group will create a new, modern industrial and commercial park at the Wiesloch/Walldorf site. A corresponding purchase agreement was signed today. VGP is a family-run European developer, operator and owner of high-quality logistics and commercial properties. The company has a fully integrated business model and many years of experience along the entire value chain, from land acquisition and development to asset and property management. Heidelberg achieves a purchase price in the mid double-digit million-euro range.

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