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ADO Properties S.A.: ADO Properties increases its portfolio by more than 10% with the acquisitions of 1,905 units in Berlin

ADO Properties S.A.  / Key word(s): Contract/Real Estate20.07.2016 08:52Disclosure of an inside information according to Article 17 MAR,transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Berlin, 20 July 2016 - ADO Properties S.A. (the "Company") has entered intoagreements to purchase in total 1,905 units in Berlin of which 1,877 areresidential units and 28 are commercial units. The acquisitions werestructured as share deals in which ADO Properties acquires approx. 95% ofthe shares in several German and Luxembourg entities. The purchase pricefor 100% of the acquired assets amounts to EUR 218 million. Closing of thetransactions is expected to occur until the end of August 2016. The assetsare located in the districts of Schöneberg, Wilmersdorf and Neukölln.The acquired residential portfolios have in-place rents between EUR 6.2sqm/month to EUR 6.9 sqm/month and vacancy rates below 1.0%. The Companyexpects new letting rents between EUR 7.3 sqm/month and EUR 9.6 sqm/monthfor the inner-city locations, reflecting reversionary potential in therange of 17% to 38%. Few buildings are in the medium term planned forprivatization.The total annual net cold rent from the portfolios at purchase amounts toEUR 10.2 million. The Company estimates that the portfolios will contributeto our annual FFO1 (from rental activities) based on our targetedloan-to-value (LTV) of 50% in an amount of EUR 6.9 million at acquisition.The Company expects no material impact on net asset value (NAV) per shareat acquisition and due to the characteristics of the acquired assets andtheir micro-locations we see good growth potential in the future.20.07.2016 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Archive at www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      ADO Properties S.A.              20 rue Eugène Ruppert              L-2453 Luxembourg              Grand Duchy of LuxembourgPhone:        +352 26 493 412Fax:          +352 27 860 722E-mail:       ir@ado.propertiesInternet:     www.ado.immoISIN:         LU1250154413WKN:          A14U78Indices:      SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT              Developed Europe Index, FTSE EPRA/NAREIT Germany IndexListed:       Regulated Market in Frankfurt (Prime Standard); Regulated              Unofficial Market in Dusseldorf, Stuttgart, Tradegate              Exchange End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------