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EQS-News: Coreo sells two properties

17.04.24 16:32 Uhr

EQS-News: Coreo AG / Key word(s): Disposal
Coreo sells two properties

17.04.2024 / 16:32 CET/CEST
The issuer is solely responsible for the content of this announcement.

Coreo AG has sold the Ruhstrathöhe property in Göttingen and the real estate portfolio in Bad Köstritz.

The sale of Ruhstrathöhe in Göttingen was carried out as part of a refinancing due to the investments required to complete the conversion of the property in Untere Maschstrasse in Göttingen. The proceeds from the transaction will be used to reduce the overall financing of the project company. The sale was made at market value.

The properties in Bad Köstritz were sold slightly below the market value shown in the balance sheet. The funds returned will be used to strengthen the liquidity of the Coreo Group and to explore interesting opportunities in the current market environment.
About Coreo AG
Coreo AG (WKN: A0B9VV), based in Frankfurt am Main, is an opportunistic real estate investor. Investments are primarily made in residential and commercial properties with significant appreciation potential or where there is an existing need for development, preferably in medium-sized centers. The aim is to build up an efficiently managed, high-yield real estate portfolio.
Contact
Coreo AG
Investor Relations
Bleichstrasse 64
D-60313 Frankfurt a. M.
ir@coreo.de
T: +49 (0) 69-21 93 96-

17.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:	English
Company:	Coreo AG
	Bleichstraße 64
	60313 Frankfurt am Main
	Germany
Phone:	+49 69 2193 96-0
Fax:	+49 69 2193 96-150
E-mail:	ir@coreo.de
Internet:	www.coreo.de
ISIN:	DE000A0B9VV6
WKN:	A0B9VV
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1882895