Corporate News – 10 July 2019

Aves One further expands rail portfolio with acquisitions of more than EUR 150 million

Aves One AG, a strongly growing portfolio holder in the field of long-lived logistics assets, is further expanding its rail portfolio. In the current fiscal year 2019, Aves One has increased the volume of contractually agreed deliveries to a total of more than EUR 150 million with recent transactions. As a result, the portfolio in the rail segment increases to more than 10,500 freight and tank cars.

The acquisitions include fixed deliveries and new purchase agreements for a total of approx. 1,500 freight and tank cars. The acquired portfolio consists of new wagons and around 800 used freight cars with an average utilization age of less than 10 years.

The newly acquired rail assets are almost fully let and will be delivered mainly in 2019. Asset management of the portfolios continues to be carried out by the well-established providers Wascosa, Lucerne, and ERR European Rail Rent, Duisburg.

Jürgen Bauer, CEO of Aves One AG, comments: "In 2019 our company continues the successful growth strategy of the previous year as planned. The acquisitions confirm that we are able to maintain our high growth rate. The newly acquired freight wagons fit perfectly into our existing portfolio. Our focus on rail investments will thus be continued."