GORE German Office Real Estate AG: almost balanced semi-annual result 2021 and strategic focus on realignment
DGAP-News: GORE German Office Real Estate AG
/ Key word(s): Half Year Results
For GORE, the first six months of the year were primarily influenced by the constraints of the COVID 19 pandemic. Despite the challenges, the company was able to conclude important real estate transactions. A commercial property of more than 4,000 square metres in Grafing was successfully sold. The office property in the economically strong conurbation of Munich has been successfully valorised over the years by means of the manage-to-core approach and with the support of the asset manager publity. Furthermore, an architecturally striking property in Duisburg by star architect Norman Foster was successfully resold. GORE has recently set the course for the planned strategic realignment of its business model with a focus on the Luxembourg commercial real estate market (see ad hoc announcement dated 19 October 2021). The German real estate portfolio is to be sold and the investment focus placed exclusively on the Luxembourg office property market. This is also to be accompanied by a change in the shareholder structure, a relocation of the registered office to Luxembourg as well as a change of name and a subsequent cross-border change of legal form. Furthermore, an additional listing of the GORE shares on the Luxembourg Stock Exchange is being sought. GORE's semi-annual report 2021 can be found on the website under the following link: www.gore-ag.de/en/investor-relations-2/ About GORE
06.12.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | GORE German Office Real Estate AG |
Bockenheimer Landstraße 17-19 | |
60325 Frankfurt am Main | |
Germany | |
Phone: | 069 / 2714 74 038 |
E-mail: | info@gore-ag.de |
Internet: | www.gore-ag.de |
ISIN: | DE000A0Z26C8 |
WKN: | A0Z26C |
Listed: | Regulated Unofficial Market in Frankfurt, Munich (m:access) |
EQS News ID: | 1254461 |
End of News | DGAP News Service |
|
1254461 06.12.2021