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    DGAP-News  101  0 Kommentare Noratis AG significantly expands its portfolio at the end of 2021

    DGAP-News: Noratis AG / Key word(s): Real Estate/Acquisition
    Noratis AG significantly expands its portfolio at the end of 2021

    28.12.2021 / 10:19
    The issuer is solely responsible for the content of this announcement.


    Noratis AG significantly expands its portfolio at the end of 2021

    • Acquisition in East Westphalia
    • Real estate portfolio nationwide at more than 4,200 units
    • First transfers to fixed assets

    Eschborn, 28 December 2021. Shortly before the end of the year, Noratis AG, a leading portfolio developer of residential properties, announces yet another acquisition in 2021: in Germany, East Westphalia, the listed company has purchased a real property and has hence been able to successfully expand its portfolio in the federal state North Rhine-Westphalia.

    As a result of the acquisitions made in 2021, the nationwide portfolio of existing assets has increased to 4,200 residential units. The expansion of the portfolio has been pushed in line with the strategy despite the sale of almost 300 units in the course of the year. By way of comparison: at the end of 2020 the portfolio still included 3,366 units. The development comes along with a significant increase in income from portfolio management. Noratis' goal is to be sustainably profitable already from the portfolio.

    As a result of the portfolio size reached by now, the successful portfolio developer can act flexibly on the market: Noratis can benefit either from the attractive rental yields of the standing properties developed by it or realise the added value from the portfolio development through a sale. Individual properties with attractive returns on equity can thus remain in the portfolio in the long term. Due to the company's accounting based on IFRS, these properties are to be carried as fixed assets. The reclassification means that the values created for the real estate held as fixed assets are now taken into consideration in both the balance sheet and the income statement within the framework of the annual financial statements.

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    DGAP-News Noratis AG significantly expands its portfolio at the end of 2021 DGAP-News: Noratis AG / Key word(s): Real Estate/Acquisition Noratis AG significantly expands its portfolio at the end of 2021 28.12.2021 / 10:19 The issuer is solely responsible for the content of this announcement. Noratis AG significantly …