Clariant Divests German Real Estate Property for 95 Million Euros

Management Decision Clariant Divests German Real Estate Property for 95 Million Euros

2024-09-18 Source: Press release Clariant 1 min Reading Time

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Clariant has entered into an agreement to sell its real estate property ‘Industrial Park Fechenheim’ in Frankfurt am Main, Germany to the Lugman Group. The 95 million-euro transaction is expected to close next year.

Clariant has reached an agreement to divest its real estate property “Industrial Park Fechenheim”, Frankfurt am Main, Germany to the Lugman Group for 95 million euros in cash. (Source: Clariant) — Clariant has reached an agreement to divest its real estate property “Industrial Park Fechenheim”, Frankfurt am Main, Germany to the Lugman Group for 95 million euros in cash.
(Source: Clariant)

Muttenz/Switzerland – Clariant has reached an agreement to divest its real estate property “Industrial Park Fechenheim”, Frankfurt am Main, Germany to the Lugman Group, a Frankfurt-based single-family office specialized in real estate, for 95 million euros in cash. The transaction is expected to close in the course of 2025.

Clariant currently expects a book gain of around 74 million euros (CHF 70 million), booked as exceptional item in the company’s EBITDA at closing. Clariant intends to use the cash proceeds to reduce debt and strengthen its balance sheet expressing the company’s commitment to maintain its investment-grade credit rating.

The industrial park in the east of Frankfurt am Main covers approximately 428 000 square meters. Clariant has no operational activities in the “Industrial Park Fechenheim”.

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