DGAP-News

Noratis AG: Portfolio developer of residential properties places shares at EUR 18.75 each - Seite 2

"Our growth in 2017 and 2018 will be decisively driven by already existing projects. Now it is important to focus on the operational business. Through continuous and transparent communication, we want to gain the trust of capital market participants in the long term," added André Speth, CFO.


Noratis AG (www.noratis.de) is a dynamically growing portfolio developer of residential real estate located in Eschborn near Frankfurt. The company purchases properties with development potential across Germany, mostly housing estates, employee housing and quarters from the 1950s to 1970s in cities with more than 10,000 inhabitants or on the outskirts of urban areas. After acquisition, Noratis performs an intensive value enhancement of the properties and subsequently sells them in block sales or individually as condominiums. Thereby Noratis offers housing with an attractive price/performance ratio for tenants with medium and small incomes. Since only 2014, Noratis has successfully completed 14 projects with more than 1,300 residential units. The company generated revenues of EUR 44.6 million in fiscal year 2016 and has grown at an annual average of 63% since 2014.


Contact Investor Relations:

cometis AG Philipp Oksche Unter den Eichen 7 65195 Wiesbaden Germany Tel. [phone] E-mail: [e-mail]

 

Disclaimer

This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe to securities. Any such offer will be made solely on the basis of the securities prospectus published as approved by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). The information legally required to be provided to investors is contained only in the securities prospectus. The securities prospectus dated 19 June 2017 is available free of charge on the internet at the website of the issuer www.noratis.de and during normal business hours at the issuer.