Corestate Capital AG made an offer to acquire Griffin Flats III Verwaltungsgeselschaft mbH from Berlin III A/S (CPSE: BERL3 B) on August 8, 2011. The offer is against the cash payment at a share price of approximately DKK 1.10. If this transaction is completed, the equity in Berlin III A/S will amount to DKK 307 million immediately after the transaction. The due diligence, orientation and discussions with lenders, structuring of the transaction, including tax investigations, as well as negotiating and obtaining the necessary documentation to the signing of a purchase agreement is expected to take about 4 weeks. The company's equity will basically then solely consist of cash. The transaction is subject to the approval by the extraordinary general meeting of Berlin III A/S.

Corestate Capital AG cancelled the acquisition of Griffin Flats III Verwaltungsgeselschaft mbH from Berlin III A/S (CPSE: BERL3 B) on August 8, 2012.