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MAINVESTOR GMBH / MAGNAT REAL ESTATE OPPORTUNITIES GMBH & CO (FRA:M5RK) EQS-Adhoc: DEMIRE adjusts guidance after investor withdraws from purchase of LogPark in Leipzig

Directive transparence : information réglementée

03/07/2023 22:40

EQS-Ad-hoc: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Change in Forecast/Disposal
DEMIRE adjusts guidance after investor withdraws from purchase of LogPark in Leipzig

03-Jul-2023 / 22:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad-hoc notification

Disclosure of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 (MMVO)

DEMIRE Deutsche Mittelstand Real Estate AG / Keyword(s): Guidance change, disposal

 

DEMIRE adjusts guidance after investor withdraws from purchase of LogPark in Leipzig

Langen, 3 July 2023. DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) ("DEMIRE" or the "Company") has been informed by the purchaser of the LogPark logistics property in Leipzig for approximately EUR 121 million ("Property") that the purchaser withdraws from the purchase agreement and intends not to complete the transaction.

DEMIRE considers the withdrawal from the purchase agreement to be unfounded and will therefore consider legal action against it. However, the Company does not currently expect the transaction to be completed in 2023. As a result, the company will probably still generate rental income from the property in the entire 2023 financial year.

Against this background, the Management Board of the Company has decided today to adjust the guidance for the 2023 financial year. Taking into account the additional rental income from the property for the second half of 2023, the Management Board now expects rental income of EUR 74.5 million to EUR 76.5 million (previously EUR 71 million to EUR 73 million) and Funds from Operations I (FFO I after tax, before minorities) of EUR 33 million to EUR 35 million (previously EUR 30 million to EUR 32 million) for 2023.


Contact:
Julius Stinauer
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Telefon: +49 6103 372 4944
Email: stinauer@demire.ag


End of Inside Information

03-Jul-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: DEMIRE Deutsche Mittelstand Real Estate AG
Robert-Bosch-Straße 11
63225 Langen (Hessen)
Germany
Phone: +49 6103 37249-0
Fax: +49 6103 37249-11
E-mail: ir@demire.ag
Internet: www.demire.ag
ISIN: DE000A0XFSF0
WKN: A0XFSF
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1671747

 
End of Announcement EQS News Service

1671747  03-Jul-2023 CET/CEST

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