Coreo pursues its growth course with the third acquisition in 2021. A logistics property with a total rental area of approx. 29,900 sqm was now acquired in Delmenhorst via a 100% subsidiary. There are also 190 parking spaces available on the approx. 54,700 m property. The property is let to several parties and currently generates an annual rent of EUR 0.5 million and is planned to remain in the portfolio for the long term. The Management Board believes that the property, which is conveniently located in terms of transport, has a noticeable potential for value appreciation, which will be developed in the next few years by means of active area management. In this context, Coreo plans to invest an amount of less than one net annual rent in the portfolio. Furthermore, potential possibilities for the use of the roof areas are being evaluated. It is expected that the closing will still take place in the current quarter. The parties agreed not to disclose the purchase price.