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DGAP-Adhoc ADO Properties S.A.: Indication to ADO Properties S.A real estate value as of 31th December 2015

Nachrichtenquelle: EQS Group AG
10.01.2016, 08:37  |  785   |   |   

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

10.01.2016 08:37

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Luxemburg, 10 January 2016 - ADO Properties S.A. (the "Company") has been
asked by its largest shareholder ADO Group Ltd., who is currently in the
process of a tender offer for the shares of ADO Group Ltd., to provide an
update on the valuation of its assets at the end of December 2015. The
company is informing its shareholders that it has received a preliminary
indication (not finalized and not binding, and therefore on a non-reliance
basis) from CBRE, according to which its real estate investment properties
that were valued at the end of the first quarter of 2015 at approximately
1.2 billion Euro, are estimated to be valued at the end of December 2015 at
approximately 1.3 billion Euro. As a result, the Company's total real
estate value as of 31 December 2015 (including real estate assets held for
sale and real estate investment properties that were purchased by the
Company during the last quarter of 2015), are estimated to be valued at
approximately 1.5 billion Euro.

10.01.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de


Language: English
Company: ADO Properties S.A.
20 rue Eugène Ruppert
LK-2453 Luxembourg
Grand Duchy of Luxembourg
Phone: +49 (0)30-403 907 900
E-mail: office@ado.immo
Internet: www.ado.immo
ISIN: LU1250154413
WKN: A14U78
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Dusseldorf, Stuttgart, Tradegate

End of Announcement DGAP News-Service


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