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GxP: Closing of two office assets in Frankfurt and Hamm

GxP German Properties has closed the acquisitions of the two office assets in Frankfurt and Hamm with a combined market value of € 29.8 million and a total lettable area of approx. 17,200 square meters [we reported]. The current total market value of its real estate portfolio stands at approx. € 164 million thereof € 146 million currently on the balance sheet.


The transfer of ownership of the recently acquired asset in Berlin-Teltow with a market value of € 18.2 million and a total lettable area of approx. 10,000 square meters is on track to close as planned within the fourth quarter.