DGAP-Adhoc

ADO Properties S.A.: ADO Properties increases its portfolio by more than 10% with the acquisitions of 1,905 units in Berlin

ADO Properties S.A. / Key word(s): Contract/Real Estate

20.07.2016 08:52

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Berlin, 20 July 2016 - ADO Properties S.A. (the "Company") has entered into
agreements to purchase in total 1,905 units in Berlin of which 1,877 are
residential units and 28 are commercial units. The acquisitions were
structured as share deals in which ADO Properties acquires approx. 95% of
the shares in several German and Luxembourg entities. The purchase price
for 100% of the acquired assets amounts to EUR 218 million. Closing of the
transactions is expected to occur until the end of August 2016. The assets
are located in the districts of Schöneberg, Wilmersdorf and Neukölln.
The acquired residential portfolios have in-place rents between EUR 6.2
sqm/month to EUR 6.9 sqm/month and vacancy rates below 1.0%. The Company
expects new letting rents between EUR 7.3 sqm/month and EUR 9.6 sqm/month
for the inner-city locations, reflecting reversionary potential in the
range of 17% to 38%. Few buildings are in the medium term planned for
privatization.

The total annual net cold rent from the portfolios at purchase amounts to
EUR 10.2 million. The Company estimates that the portfolios will contribute
to our annual FFO1 (from rental activities) based on our targeted
loan-to-value (LTV) of 50% in an amount of EUR 6.9 million at acquisition.
The Company expects no material impact on net asset value (NAV) per share
at acquisition and due to the characteristics of the acquired assets and
their micro-locations we see good growth potential in the future.


20.07.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: ADO Properties S.A.
20 rue Eugène Ruppert
L-2453 Luxembourg
Grand Duchy of Luxembourg
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
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); Regulated
Unofficial Market in Dusseldorf, Stuttgart, Tradegate
Exchange

End of Announcement DGAP News-Service

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