Skip to main content

Planned project sale of property Schillerstrasse 4, Frankfurt am Main

Written by Customer Service on . Posted in Public Companies.

Nasdaq OMX Copenhagen A/S

Charlottenlund, 1 February 2024
Announcement no. 251

Planned project sale of property Schillerstrasse 4, Frankfurt am Main

Today, the Company’s Board of Directors has evaluated and decided to make an attempt to offer the property Schillerstrasse 4, Frankfurt am Main as a project sale through Kartago Capital A/S. The project tender will take place for a limited period until 30 September 2024 and at a sales price of approximately EUR 19.0 million (DKK 141.5 million), so that after sales cost there will be pre-tax proceeds in the amount of approximately EUR 17.8 (DKK 132,6 million) to German High Street Properties A/S. After tax the proceed will be approximately EUR 16,2 million. The liquidity released if the project sale is completed will mainly be used to reduce the company’s debt. It will be a condition for German High Street Properties A/S that the project can be completed by subscription of all shares in the project company, so that German High Street Properties A/S will have no future ownership of the property Schillerstrasse 4, Frankfurt am Main.

Any questions can be directed to the undersigned on +45 8110 0800.

Sincerely, German High Street Properties A/S

Hans Thygesen
Chairman

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.