pta20161205008
Business news for the stock market

solidare real estate holding plc: solidare sells residential portfolio

[ PDF ]

Zug (pta008/05.12.2016/09:49 UTC+1) solidare sells residential portfolio

Malta, December 5, 2016: solidare real estate holding plc ("solidare") (MT0000580101 /
A1JGT0 / SRH) has sold its Pilatus portfolio through one of its Düsseldorf based subsidiaries.
The buyer is an investment fund managed by ZBI Zentral Boden Immobilien Gruppe, Erlangen,
which specializes in residential properties in German metropolitan areas.

"This transaction has resulted in a welcome profit and a sizeable cash inflow for solidare,"
says CEO Zeki Yigit. "The cash will enable us to strengthen and develop solidare's core
business in order to become the leading go-to place for Micro Living in Germany."

Mark Münzing, Member of the Management Board of ZBI Gruppe, says, "This is another
successful transaction with the representatives of the solidare group, which are known for
quality properties and especially for a high level of transaction security."

Micro Living Apartments rank among the most dynamic real estate niches with above average
growth rates. The scarce supply of modern and attractive apartments of up to 50 m^2 meets a
huge demand, especially from students, commuters and elderly people. solidare's strategy is
to build a portfolio of micro apartments and capture the long-term value potential as well as the
recurring revenue stream. Such projects are currently under development in Düsseldorf, where
solidare is building and developing more than 1,000 apartments.

The Pilatus portfolio comprises 370 units in 23 properties located in Bochum, Duisburg, Essen,
Krefeld, Mönchengladbach, Solingen and Wuppertal. Total rental space is some 23,000 m^2.

IR Contact

Torsten Graf
NewMark Finanzkommunikation GmbH
Zum Laurenburger Hof 76
DE-60594 Frankfurt
Tel: +49 / 69 / 94 41 80 - 64
Fax: +49 / 69 / 94 41 80 - 19
E-mail: ir@solidare.com
www.solidare.de

About solidare

solidare real estate holding plc. is a listed real estate company that specializes in the growth market of microapartments,
predominantly in Germany. Micro-apartments are furnished residential units with a floor area of
between 20 and 50 m^2, which are mainly rented by singles, students, commuters and the elderly. The principal
shareholder and CEO Zeki Yigit has been involved in real estate development for more than 15 years. With
around 300 employees, solidare covers the entire value-creation chain from real estate identification, the
structuring of the acquisition and financing, the planning and execution of the construction or conversion activities,
marketing, ongoing administration and facility management. The Group pursues a dedicated growth strategy that
aims at consolidating the market segment and enhancing efficiency by exploiting the comprehensive nature of the
internal service portfolio.

Disclaimer:

This release may contain forward-looking statements based on current assumptions and forecasts made by the
management of solidare or its affiliated companies. Various known and unknown risks, uncertainties and other
factors could lead to material differences between the actual future results, financial situation, development or
performance of solidare and its affiliated companies and the estimates given here. Neither solidare nor its
affiliated companies assume any liability to update these forward- looking statements or to adapt them to future
events or developments.

(end)

Emitter: solidare real estate holding plc
Bahnhofstrasse 10
6300 Zug
Switzerland
Contact Person: Matthias Schwind
Phone: +49 211 730 632-10
E-Mail: matthias.schwind@solidare.de
Website: www.solidare.de
ISIN(s): MT0000580101 (Share)
Stock Exchange(s): Free Market in Frankfurt (Basic Board)
|