Corporate News – 11 June 2019

Aves One sells logistics property for EUR 11.1 million

Aves One AG, a strongly growing portfolio holder in the field of logistics assets, sold its logistics property in the Business Park Alsdorf near Aachen in the course of further focusing on its core business areas. The sales price is EUR 11.1 million. The property, which was completed in 2017, is a state-of-the-art contract logistics hall with a total rental area of around 12,000 sqm. Aves One acquired the property in April 2018 for around EUR 10 million. The buyer is Nuveen Real Estate, one of the world's largest real estate investment managers. The closing took place on 07 June 2019. Aves One was consulted on this transaction by Logivest GmbH.

"We now intend to use the liquid gains from the sale to further expand our position in the promising rail market. Particularly this segment offers us attractive opportunities. With further acquisitions in the current financial year, we intend to continuously expand our asset portfolio," commented Mr Bauer, CEO of Aves One AG, on the transaction.