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DGAP-Adhoc: ADO Properties S.A.: Discussions with Respect to Possible Sale of a Real Estate Portfolio

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DGAP-Ad-hoc: ADO Properties S.A. / Key word(s): Disposal/Real Estate
ADO Properties S.A.: Discussions with Respect to Possible Sale of a Real
Estate Portfolio

16-Sep-2019 / 19:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

*ADO Properties S.A.: Discussions with Respect to Possible Sale of a Real
Estate Portfolio *

Berlin, September 16, 2019. In light of the current corresponding market
rumors and in line with ADO Properties S.A.'s (the "*Company*") value
creation strategy, the Company confirms that it is in discussions for the
proposed sale of approximately 5,800 residential apartment units, together
with some related commercial units and parking spaces. In this connection,
the Company has entered into a non-binding Memorandum of Understanding
outlining the understanding with respect to which current discussions are
taking place. Any possible transaction, however, is subject to a number of
matters that are yet to be agreed and various approvals that would be
necessary, including the entering into of a definitive share purchase

The Company will report on the possible transaction in accordance with
applicable laws.

Nicole Müller, Legal Counsel

16-Sep-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: ADO Properties S.A.
1B Heienhaff
1736 Senningerberg
Phone: +352 278 456 710
Fax: +352 203 015 00
E-mail: ir@ado.properties
Internet: www.ado.properties
ISIN: LU1250154413
WKN: A14U78
Indices: SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed
Europe Index, FTSE EPRA/NAREIT Germany Index
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock
Exchange, SIX
EQS News ID: 874467

End of Announcement DGAP News Service

874467 16-Sep-2019 CET/CEST

(END) Dow Jones Newswires

September 16, 2019 13:36 ET ( 17:36 GMT)

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