DGAP-News: Noratis AG / Key word(s): Real Estate/Disposal
27.01.2022 / 08:30
The issuer is solely responsible for the content of this announcement.
Noratis AG starts successfully in 2022
Portfolio in Münster sold with 239 residential units
Eschborn, 27 January 2022. Noratis AG has had a succesful start to the 2022 financial year. The company, which is among the leading portfolio developers of residential properties in Germany, has sold its real estate portfolio in Münster (Westphalia), in the northern city district of Coerde, with 239 residential units and a total rental space of around 19,000 square meters. The transfer of benefits and burdens will probably still take place during the first half-year 2022. The buyer, an institutional investor from the Rhine-Main region, is a longstanding business partner of Noratis AG. The investor plans to hold the properties in its portfolio on a long-term basis. The parties have agreed not to disclose the purchase price.
Noratis AG is stepping up its growth course and is therefore increasingly focusing on the expansion of its real estate…
