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FCR Immobilien AG sells property in Hof, Bavaria

The m: access-listed FCR Immobilien AG has parted with a specialty store in Hof in Bavaria with 900 square meters of retail space, which was acquired in 2017 and is rented to Takko on a long-term basis. The company does not provide specific information on the buyer or the sales price on Wednesday, but this is above the values ​​determined by the expert, according to the company.

FCR announces further sales with a total volume of between EUR 30 million and EUR 40 million, which should generate liquidity between EUR 22 million and EUR 24 million. “This cash return enables FCR to make acquisitions in the property portfolio amounting to around 100 million euros,” the company says. In addition, one hopes for better figures: “After the market environment has improved again and due to the further operational development, FCR is assuming higher results for the 2nd half of 2020 compared to the 1st half of 2020”, said FCR.

At a glance – chart and news: FCR real estate

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