Investors

Corporate News – 21 February 2020

Aves One expands rail portfolio by around EUR 110 million through acquisitions already fixed in Q1

Aves One AG, a strongly growing logistics asset holder, is further expanding its rail portfolio. In the first weeks of the current fiscal year 2020, the volume of fixed deliveries has further increased to a total of around EUR 110 million, 85 percent of which are new cars. A large number of these freight cars ordered are to be delivered this year. This increases the rail segment's asset portfolio, including the deliveries currently fixed, to more than 11,100 freight and tank cars. The total volume of the rail segment will thus increase to around EUR 750 million as of today.

These rail acquisitions are almost fully let. The asset management of the portfolio is handled by Wascosa, Lucerne, and ERR European Rail Rent, Duisburg.

Jürgen Bauer, CEO of Aves One AG, comments: "The number of new orders show that our company continues to grow strongly in the rail segment, especially with new wagons. We are thus maintaining our growth rate at a high level. We are consistently pursuing our declared focus on rail investments".