€72.8m market cap
€20.2 last close
Noratis is a specialised asset developer, acquiring residential rental income producing assets in secondary locations with optimisation potential. Investing in the asset base and improving the tenant mix creates value, which Noratis exploits during well-structured asset sales, either through individual or block sales.
In this interview, André Speth (CFO) describes Noratis as a specialised asset developer, positioned between portfolio holder and property developer. He also discusses the growth potential for its target market (residential properties with optimisation potential in non-core German cities) and elaborates on its plans for further portfolio expansion. Moreover, Mr André Speth explains prospective funding options and outlines Noratis’s financial forecast for FY19.