Coreo sells two properties

EQS-News: Coreo AG / Key word(s): Disposal
Coreo sells two properties

17.04.2024 / 16:32 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Coreo AG has sold the Ruhstrathöhe property in Göttingen and the real estate
portfolio in Bad Köstritz.

The sale of Ruhstrathöhe in Göttingen was carried out as part of a
refinancing due to the investments required to complete the conversion of
the property in Untere Maschstrasse in Göttingen. The proceeds from the
transaction will be used to reduce the overall financing of the project
company. The sale was made at market value.

The properties in Bad Köstritz were sold slightly below the market value
shown in the balance sheet. The funds returned will be used to strengthen
the liquidity of the Coreo Group and to explore interesting opportunities in
the current market environment.


About Coreo AG
Coreo AG (WKN: A0B9VV), based in Frankfurt am Main, is an opportunistic real
estate investor. Investments are primarily made in residential and
commercial properties with significant appreciation potential or where there
is an existing need for development, preferably in medium-sized centers. The
aim is to build up an efficiently managed, high-yield real estate portfolio.


Contact
Coreo AG
Investor Relations
Bleichstrasse 64
D-60313 Frankfurt a. M.
ir@coreo.de
T: +49 (0) 69-21 93 96-


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17.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Coreo AG
                   Bleichstraße 64
                   60313 Frankfurt am Main
                   Germany
   Phone:          +49 69 2193 96-0
   Fax:            +49 69 2193 96-150
   E-mail:         ir@coreo.de
   Internet:       www.coreo.de
   ISIN:           DE000A0B9VV6
   WKN:            A0B9VV
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Basic Board), Hamburg, Munich, Stuttgart,
                   Tradegate Exchange
   EQS News ID:    1882895

End of News EQS News Service
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1882895 17.04.2024 CET/CEST