Blue Cap subsidiary sells real estate not needed for operations

29 November 2021 – 13:34
Publication of inside information in accordance with Art. 17 (1) of the Market Abuse Regulation (EU) 596/2014

Munich, 29 November 2021 Blue Cap Asset Management GmbH, Blue Cap AG’s real estate company, has sold the former company building and premises in Geretsried to a private investor. The purchase price is in the lower double-digit-million range.

The property located south of Munich has been leased to Gämmerler GmbH (Gämmerler), a wholly-owned subsidiary of Blue Cap, for the last few years. The sale is part of the restructuring measures at Gämmerler which are leading to a reduction in the company’s size and the subsequent relocation to a smaller premises.

A book profit of around EUR 10 million has been achieved at Group level. The liquidity inflow is at a similar level following the repayment of loans and taxes. Proceeds realised from this sale can be invested in the existing portfolio as well as in M&A activities.

Further information can be found in the press release published by Blue Cap AG today.

Hello, my name is Lisa Marie Schraml

Investor Relations & Corporate Communications


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