DGAP-News: ROY Asset Holding SE / Key word(s): Sale
20.02.2020 / 09:05
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ROY Asset Holding SE sells Kirby Interchange in Houston/Texas
February 20, 2020, Hungen, Germany – ROY Asset Holding SE (WKN RYSE88, ISIN DE000RYSE888) achieves a significant milestone in its Real Estate division with the sale of the Kirby Interchange in Houston/Texas
ROY Asset Holding SE sells the Kirby Interchange for a price of USD 35 million. “This is the first relevant real estate exit in the USA for the ROY Group and underlines that the realignment and expansion of the company’s object in 2017 with the real estate division and the focus on the regions Los Angeles/California and Houston/Texas in the USA was the right decision and that the ROY Group has set the course for further growth with the first major exit in the real estate division,” comments Matthias Herrmann, Managing Director of ROY Asset Holding SE. By means of the investments made in the property over the last two years and the measures taken to increase the value of the property, the return on equity could be improved over the holding period of the property to a total of approx. 17.5% p.a.. ROY plans to invest the proceeds in existing and new projects of the group.
About ROY Asset Holding SE
ROY Asset Holding SE has positioned itself in the real estate business segment as a project developer with a focus on the USA in the fast-growing regions of Los Angeles/California and Houston/Texas. In the ceramics segment, ROY Asset Holding SE is active as a manufacturer of high-quality tiles, “Made in Germany”, for use in mid- to high-priced premises and commercial.