DGAP-News: Noratis AG / Key word (s): Acquisition / Real Estate
Noratis AG: Noratis acquires 95 apartments in Aurich
11.10.2021 / 08:30
The issuer is responsible for the content of the announcement.
Noratis acquires 95 apartments in Aurich
Eschborn, October 11, 2021 – Noratis AG (ISIN: DE000A2E4MK4, WKN: A2E4MK, “Noratis”), a leading real estate company focused on the development of existing apartments in Germany, has acquired another real estate portfolio in Lower Saxony. In Aurich, East Frisia, 95 apartments with a rental area of 5,650 m² were purchased. The change of benefit / burden is planned for this year.
The district town of Aurich has had a positive population development for years and currently has around 42,000 inhabitants. The acquired multi-family houses are not far from the city center and form a coherent ensemble. The center as well as kindergartens, schools, supermarkets and shops for daily needs can be reached on foot. This means that the apartments not only offer attractive, central yet quiet living for families.
With the purchase that has now taken place, Noratis has already acquired the second real estate portfolio in East Frisia and the ninth in Lower Saxony. The expansion of the location will result in synergies in property management at Noratis, which will be gradually increased.
Leopold Stolberg, Head of Investment at Noratis AG: “Aurich is a good addition to our holdings in East Friesland and the Oldenburg-Bremen region. We are convinced of its economic development and want to expand our strong presence in northern Germany through further acquisitions. In addition, we are still looking for real estate portfolios in existing and new locations across Germany. “
About Noratis:
Noratis AG (www.noratis.de) is a leader in the development of residential real estate in Germany. The company recognizes and realizes potential for tenants, owner-occupiers and investors. In this way, Noratis creates and maintains attractive living space nationwide that is affordable at the same time. Noratis specializes in the upgrading of aging residential properties, mostly company apartments, quarters and settlements in cities with more than 10,000 inhabitants and in the outskirts of metropolitan areas. After successful development, the properties remain in the portfolio or will be sold in the medium term to investors or, through individual sales, to existing tenants, capital investors and owner-occupiers. In doing so, Noratis creates tangible and sustainable added value for all stakeholders: from shareholders, employees and financing partners to current and future tenants. Noratis AG is listed on the Frankfurt Stock Exchange.
Contact Investor & Public Relations:
edict GmbH
Dr. Sönke Knop
T +49 (0)69 905 505 51
E [email protected]
Eschersheimer Landstrasse 42
60322 Frankfurt am Main
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10/11/2021 Publication of a Corporate News / Financial News, transmitted by DGAP – a service of EQS Group AG.
The issuer is responsible for the content of the announcement.
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