ROY Asset Holding SE sells Kirby Interchange in Houston/Texas

20.02.2020 / 09:01 CET/CEST
Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014
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ROY Asset Holding SE sells Kirby Interchange in Houston, Texas.

February 20, 2020, Hungen – ROY Asset Holding SE (WKN RYSE88, ISIN DE000RYSE888) has today entered into an agreement to sell the Kirby Interchange, a flexible use commercial space in Houston/ Texas. The sales price is USD 35 million and thus significantly above plan.

ROY Asset Holding SE acquired the property in August 2017 for a purchase price of USD 24.8 million. The expected return on equity on the leased space was initially approximately 11.9% p.a.. During the holding period of the property, further investments were made and the return on equity was thus increased to approx. 17.5% p.a. over the holding period.