DGAP-News: ADO Properties S.A. / Key word(s): Contract/Real Estate2015-10-02 / 09:12---------------------------------------------------------------------Berlin, 2 October 2015. - ADO Properties S.A. (the "Company") has enteredinto agreements to purchase in total 1,001 units in Berlin of which 885 areresidential units and 116 are commercial units. The acquisitions werestructured as share deals in which ADO Properties acquires approx. 95% ofthe shares in several German entities from international fund and privateinvestors. The purchase price for 100% of the acquired assets amounts toEUR 137 million. Closing of the transactions is expected to occur at theend of October 2015. Approximately 70% of the portfolio is located in thedistricts of Prenzlauer Berg, Kreuzberg, Neukölln and other centraldistricts with high rental growth potential. The rest of the portfolio ismostly in the north of Berlin in the district of Pankow. The properties inthe central Berlin districts are predominantly Alt-Bau buildings from theturn of the century and the assets in Pankow were built in the 1990's.The acquired residential portfolio has an in-place rent of EUR 6.5sqm/month and vacancy rate between 2.3% for the Pankow portfolio and 3.3%for the inner-city locations. The Company expects new letting rents betweenEUR 7.2 sqm/month for the Pankow portfolio and EUR 8.8 sqm/month for theinner-city locations. 4 buildings of this portfolio with 35 units areplanned for privatization. The commercial part in the portfolio has anin-place rent of 8.2 sqm/month and a vacancy rate of 12%.The total annual net cold rent from the portfolios at purchase amounts toEUR 6.4 million. The Company estimates that the portfolios will contributeto our annual FFO1 (from rental activities) based on our targeted LTV of50% in an amount of EUR 4 million at acquisition. The Company expects nomaterial impact on NAV per share at acquisition and due to thecharacteristics of the acquired assets and their micro-locations we seegood growth potential in the future.Rabin Savion, ADO Properties CEO says: "We are looking very positively atthe acquired portfolios as they fit very well into our strategy set forthand we see strong accretion potential to our existing portfolio. We haveidentified substantial improvement opportunities suitable for our unitinvestment program as well as interesting privatization projects."About ADO PropertiesADO Properties is a pure-play Berlin-based residential real estate companywith approximately 15,500 units, including recent acquisitions. The Companyhas a fully integrated, scalable in-house platform with its own propertymanagement. Along with the responsibility for the condition of itsapartments and buildings, ADO Properties also assumes responsibilitytowards people, employees and neighbourhoods. The portfolio of ADOProperties is focused on central locations in Berlin and attractivedistricts at the city's outskirts.Press contactRUECKERCONSULT GmbHThomas RückerWallstraße 1610179 Berlin, GermanyTel.: +49 30 2844987-48Fax: +49 30 2844987-99presse@ado.properties---------------------------------------------------------------------2015-10-02 Dissemination of a Corporate News, transmitted by DGAP - aservice of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de---------------------------------------------------------------------Language:    English                                                 Company:     ADO Properties S.A.                                                  20 rue Eugène Ruppert                                                LK-2453 Luxembourg                                                   Grand Duchy of Luxembourg                               Phone:       +49 (0)30-403 907 900                                   Fax:         +49 (0)30-403 907 901                                   E-mail:      office@ado.immo                                         Internet:    www.ado.immo                                            ISIN:        LU1250154413                                            WKN:         A14U78                                                  Listed:      Regulated Market in Frankfurt (Prime Standard),                      Luxembourg; Regulated Unofficial Market in Dusseldorf,               Stuttgart, Tradegate Exchange                             End of News    DGAP News Service  ---------------------------------------------------------------------  399527 2015-10-02