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
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.
|Company:||ADO Properties S.A.|
|20 rue Eugène Ruppert|
|Grand Duchy of Luxembourg|
|Phone:||+352 26 493 412|
|Fax:||+352 27 860 722|
|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|