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ADO Properties S.A.: ADO Properties to purchase 1,001 units in Berlin

ADO Properties S.A.  / Key word(s): Contract/Real Estate02.10.2015 08:33Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------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.02.10.2015 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at and Language:     EnglishCompany:      ADO Properties S.A.              20 rue Eugène Ruppert              LK-2453 Luxembourg              Grand Duchy of LuxembourgPhone:        +49 (0)30-403 907 900Fax:          +49 (0)30-403 907 901E-mail:       office@ado.immoInternet:     www.ado.immoISIN:         LU1250154413WKN:          A14U78Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated              Unofficial Market in Dusseldorf, Stuttgart, Tradegate              Exchange End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------