Beno Holding AG: half-year report as of 30.06.2024

Munich, 13/11/2024 (pta008/13.11.2024/09:28) - BENO Holding AG (ISIN: DE000A11QLP3), a specialist portfolio holder and asset manager in the field of light-industrial properties, published its half-year report as of 30.06.2024.

The BENO Group looks back on an eventful first half of 2024. Despite the persistently difficult economic conditions, there were no rent losses in the first half of the year. Particularly noteworthy is the completion of the transformation of one of the properties in Dortmund: The building, which was originally designed as a single-tenant property, was converted into a multi-tenant property with the foresight of minimizing the risk of future loss of rent. This transformation not only reduced the risk of the property, but also contributed to increase the annual rent, which grew from EUR 6.4 million to EUR 6.7 million.

Michael Bussmann, CEO of BENO Holding AG, explains: "The consistent digitalization of our processes is showing its positive effects not only in the transformation of our real estate portfolio, but in all areas of the company. By using digital solutions, we can implement our integrated asset management more efficiently and in a more resource-efficient way."

The complete report on the past half year is available for download on http://www.beno-holding.de.

About the company

BENO Holding AG is an asset manager specializing in light-industrial properties. Thanks to the combination of asset manager and portfolio holder at the same time, the company can always operate from the owner's point of view. The consistently pursued approach of "buy, transform & hold" guarantees all stakeholders a long-term attractive, sustainable and profitable real estate investment. Assets under management (AUM) currently comprise 12 German locations with around 36 tenants and a usable area of around 160,000 sqm. The market value of the properties amounts to around 84 million euros.

(Ende)