DGAP-News

Coreo keeps developing its portfolio - Seite 2

As scheduled, the privatisation of the property portfolio in Gelsenkirchen, which was directly taken over by Coreo AG in the first half of 2020, was started. "Our optimistic expectations have been completely fulfilled with the sale of the first eight units." says Marin N. Marinov, Member of the Board of Management, with a view to the further development of the project.

The MagForce share price showed an incredibly positive development as a result of the business potential taking shape. The value of the investment held by Coreo AG has risen accordingly by more than EUR 3.2 million compared to the figure reported in the consolidated half-year financial statements.
 

About Coreo AG
Coreo AG, with headquarters in Frankfurt am Main, is a portfolio developer with a focus on German commercial and residential real estate. The real estate portfolio of existing and development properties forms the cornerstone of the company's three pillars of income: income from letting, sales and valuation. Investments are made in real estate with considerable potential for value appreciation with existing development needs, preferably in medium-sized centres and with a volume of EUR 5-20 million, as part of the value-creating growth strategy (sweet spot). The objective is to create an efficiently managed, high-yield real estate portfolio with a volume of EUR 400 - 500 million over the next few years by means of prudent development and the sale of non-strategic objects.

Contact:

Coreo AG
Andrea Glaab
Investor Relations
Grüneburgweg 18
D-60322 Frankfurt a. M.
[e-mail]
T: [phone]

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21.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language:	English
Company:	Coreo AG
	Grüneburgweg 18
	60322 Frankfurt am Main
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.coreo.de
ISIN:	DE000A0B9VV6
WKN:	A0B9VV
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1156300