DGAP-News

Aggregate Holdings S.A.: Transformational acquisition of prime Berlin commercial real-estate project

DGAP-News: Aggregate Holdings SA / Key word(s): Miscellaneous Aggregate Holdings S.A.: Transformational acquisition of prime Berlin commercial real-estate project 11.06.2021 / 15:32 The issuer is solely responsible for the content of this announcement. Aggregate Holdings S.A.: Transformational acquisition of prime Berlin commercial real-estate project

- Landmark acquisition of mixed-use part-yielding project in central Berlin

o c.183,000 sqm of gross construction area of which majority is office (c.60%)

o Total rental income to amount to c. EUR 50m run-rate at completion

o Targeted Gross Development Value when completed of up to EUR 2.5bn

o Part yielding as over 20% of project is completed and let to tenants

- Project has construction fully-financed through to completion

- Aggregate's expected rental income from Build & Hold division to almost double to c. EUR 125m at completion of both projects

Luxembourg - 11 June 2021. Aggregate Holdings SA ("Aggregate"), the Germany-focussed real estate company, has acquired the landmark "Fürst" project, located on the Kurfürstendamm in central Berlin (the "Project").

The project is excellently-located on one of Berlin's busiest and most prominent streets, benefitting from a prime location as well as a unique footprint as a mixed-use quarter. It has a gross construction area of approximately 183,000 sqm predominantly office and co-working spaces (c.60%), with the remaining area dedicated to leisure, retail and hotel.

The refurbishment and repositioning redevelopment project has a targeted Gross Development Value ("GDV") when completed of up to EUR 2.5bn, and expected total rental income of c. EUR 50m per annum. The project has full planning permission in place including the necessary building permits and relevant local development plans.

The project is under construction, well advanced and significantly de-risked as over 30% of total capex has been undertaken, over 20% of the project is completed, and the first tenants have moved in and are paying rent. The remaining stages of the project are planned to be completed in phases through to the second-half of 2023.