ROY Asset Holding SE sells Kirby Interchange in Houston/Texas

20-Feb-2020 / 09:01 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.
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ROY Asset Holding SE sells Kirby Interchange in Houston/Texas

February 20, 2020, Hungen – ROY Asset Holding SE (WKN RYSE88, ISIN DE000RYSE888) today signed an agreement for the sale of Kirby Interchange, a flexible-use commercial space in Houston, Texas. The selling price is USD 35 million, which is significantly above plan.

ROY Asset Holding SE acquired the property in August 2017 at a purchase price of USD 24.8 million. The expected return on equity on the leased space was initially approximately 11.9% p.a. During the holding period of the property, further investments were made, thus increasing the return on equity to approximately 17.5% p.a. over the holding period.