Value adjustment of properties
February 27 2025 - 3:00PM
UK Regulatory
Value adjustment of properties
Nasdaq OMX Copenhagen A/S
Charlottenlund, February 27, 2025
Announcement no. 272
Value adjustment of
properties
Based on a broker valuation from a German commercial real estate
agent, the company's board of directors has assessed the German
real estate portfolio of the German High Street Properties-Group at
EUR 91.1 million as of 31.12.2024 resulting in a positive
gross value adjustment of EUR 1.6 million in the
4th quarter 2024 compared to the most recent property value in the
3rd quarter report of 2024 and a positive gross
value adjustment of EUR 0,1 million as of 31.12.2024 compared to
31.12.2023.
German properties valuation EUR 91.1 million as of
31.12.2024
The net total negative value adjustment for the
period January 1 to December 31, 2024, is EUR 0.2 million, which is
the sum of the positive gross value
adjustment of EUR 0,1 million in 2024 as mentioned above adjusted
for the period's building improvements totaling EUR 0.3
million.
The reason for the increased property value in the 4th quarter
of 2024 is due to increasing rental income in a market with stable
capitalization factors.
Any questions can be directed to the undersigned on +45 8110
0800.
Sincerely, German High Street Properties A/S
Hans Thygesen
Chairman of the Board
German High Street Prope... (LSE:0O72)
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