21.12.2017 11:26:02

DGAP-News: Aves One AG

DGAP-News: Aves One AG: Aves One AG buys in further logistics assets in December

DGAP-News: Aves One AG / Key word(s): Acquisition
Aves One AG: Aves One AG buys in further logistics assets in December

21.12.2017 / 11:26
The issuer is solely responsible for the content of this announcement.


Aves One AG buys in further logistics assets in December

Hamburg, 21 December 2017 - Aves One AG (Aves) significantly enlarged its logistics assets portfolio again at the year-end.

In the Rail segment, Aves again ordered 185 factory-new freight wagons with an order volume of more than EUR 17.0 million in December 2017. The wagons are being delivered in several tranches in the coming business year 2018 - the first 40 freight wagons will already be delivered in January 2018. At the time of acquisition, all the freight wagons have long-term rental contracts with highly creditworthy clients. Due to the delivery profile, the effects on the result will not be visible until the coming business year 2018. This means the number of additional freight wagons ordered in 2017 amounts to a total of 263 items (total investment in Rail 2017: EUR 34.9 million).

Aves also concluded a further container acquisition in December 2017. The company acquired a portfolio totalling 3,300 as-new units (5,610 CEUs) with an investment volume of around USD 12.8 million. This container portfolio is also distinguished by long-term rental contracts with a term between 5 and 8 years. Thus a total of around 21,100 units with a total investment volume of EUR 51.0 million was acquired in the Container segment (including swap bodies) in the 2017 business year.

Jürgen Bauer, a member of Aves One AG's Management Board, explains: "Through these purchased acquisitions, we have succeeded in considerably strengthening the asset portfolio, increasing capacity utilisation and rejuvenating the whole portfolio. By this means, we also want to grow our rental incomes in the coming year. In that way, through the mainly long-term rental contracts, we will largely secure ourselves against short-term economic fluctuations."

About Aves One AG:

Aves One AG is a Prime Standard stock exchange listed company headquartered in Hamburg. In particular, the Aves One AG Group's key activities focus on the Container, Rail, and Logistics Property business divisions. In this respect, the Aves One Group invests in a portfolio holding of long-lifetime logistics assets with good cash flow performance. Very good access to the market, together with the management's comprehensive knowledge on the subject of financing and an excellent network of partners in both areas, are the foundation for continuously enlarging and expanding its business activities.

More information: www.avesone.com

Contact
Aves One AG
Jürgen Bauer, Management Board
Tel.: +49 (40) 696 528 350
Fax: +49 (40) 696 528 359
E-mail ir@avesone.com



21.12.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Aves One AG
Große Elbstrasse 45
22767 Hamburg
Germany
Phone: 040 696528 350
Fax: 040 696528 359
E-mail: ir@avesone.com
Internet: www.avesone.com
ISIN: DE000A168114
WKN: A16811
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover; Regulated Unofficial Market in Berlin, Dusseldorf

 
End of News DGAP News Service

641173  21.12.2017 

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