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PTA-News: ERWE Immobilien AG: ERWE Immobilien AG expands activities |
Friday, 09. October 2020 08:24 |
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Business news for the stock market
Frankfurt (pta008/09.10.2020/08:24) - ...ERWE Immobilien AG expands activities * Foundation of new company ERWE Invest GmbH
Frankfurt am Main, 9 October 2020. ERWE Immobilien AG (ISIN DE000A1X3WX6, ERWE), Frankfurt am Main, is set to significantly extend its activities in terms of building a growing commercial real estate portfolio and, to this end, is launching a new business field. The company specifically founded for this purpose, ERWE Invest GmbH, will pursue the objective of building and managing a portfolio of attractive commercial properties in German inner cities with the participation of institutional investors. ERWE will co-invest in each transaction, thus enabling it to benefit from the planned value growth as well. Markus Koch, whose previous functions include his longstanding role as CFO at DIC Asset AG, and Rüdiger Weitzel, a member of the Management Board of ERWE Immobilien AG, have been appointed as the Managing Directors of ERWE Invest GmbH.
ERWE Immobilien AG focuses on developing a highly profitable commercial real estate portfolio. Its preferred sites involve promising downtown locations in German cities and exclusively prime locations in smaller towns and municipalities. ERWE acquires properties whose potential value growth can be sustainably exploited by introducing new utilisation concepts. This way, the company aims to build a highly profitable and valuable portfolio with substantial revenue growth. ERWE Immobilien AG is listed in the Regulated Market (General Standard) in Frankfurt and in open trading on the stock exchanges in Frankfurt am Main (XETRA), Berlin, Düsseldorf and Stuttgart (ISIN: DE000A1X3WX6). Contact for enquiries: german communications AG
ERWE Immobilien AG
(end) emitter: ERWE Immobilien AG
ISIN(s): DE000A1X3WX6 (share)
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