Webdisclosure.com

Search

ADO PROPERTIES S.A. (FRA:LU125015) ADO Properties S.A sees strong portfolio value growth for the end of the year 2016

Directive transparence : information réglementée

21/12/2016 07:30

DGAP-News: ADO Properties S.A. / Key word(s): Real Estate
ADO Properties S.A sees strong portfolio value growth for the end of the year 2016

21.12.2016 / 07:30
The issuer is solely responsible for the content of this announcement.


ADO Properties S.A sees strong portfolio value growth for the end of the year 2016

ADO has received a preliminary value indication from CBRE its independent real estate appraiser, according to which the value of its real estate investment portfolio to the end of 2016 amounts to approximately 2.3 billion Euro, an increase by approximately 580 million Euro compared to the last external valuation in Q2 2016. This increase results from additions to the portfolio in an amount of 260 million Euro and value increases resulting from strong rental development, which was supported by the targeted CAPEX program, and the yield compression in the Berlin real estate market. The average net cold rent multiple of the portfolio has increased by 15% percent to 24.5x, with Central Locations increasing by 17% percent to 27.6x and other locations increasing by 14% percent to 22.4x. This preliminary value indication would result in an increase of our current EPRA NAV per share (Q3: 28.65 Euro / share) of around 7 Euro.



21.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: ADO Properties S.A.
20 rue Eugène Ruppert
L-2453 Luxembourg
Grand Duchy of Luxembourg
Phone: +352 26 493 412
Fax: +352 27 860 722
E-mail: ir@ado.properties
Internet: www.ado.immo
ISIN: LU1250154413
WKN: A14U78
Indices: SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index
Listed: Regulated Market in Frankfurt (Prime Standard), Luxembourg; Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

531749  21.12.2016 

fncls.ssp?fn=show_t_gif&application_id=531749&application_name=news&site_id=symex