Amsterdam, 7 July 2017 – Geneba Properties N.V. (“Geneba” or the “Company”) today announces that it entered into a conditional sale and purchase agreement to acquire 76.5% of the shares in an automotive logistics facility in Landau, from the Gutperle family office, which held this asset in a private partnership structure.

The property consists of two industrial warehouses leased on a long-term basis to a leading German car manufacturer, who uses the property for warehousing purposes and for reviewing, inspecting and sorting spare automotive parts.

The property is located in Interpark 10/22 in Offenbach an der Queich between Karlsruhe and Mannheim in Southwest Germany. It has a gross lettable area of 38,870 sqm. Geneba intends to hold the asset for a long term and to actively assist the tenant in pursuing its business on-site needs.