Dow Jones received a payment from EQS/DGAP to publish this press release.
DGAP-Media / 2018-10-02 / 07:00
*Press release*
*HAMBORNER REIT AG acquires office and commercial building in Bamberg*
Duisburg, 2 October 2018 - HAMBORNER REIT AG has yesterday signed the
purchase agreement for a property in Bamberg. The property being acquired is
a modern office and commercial building from 2013, located approximately 2.5
kilometres from the centre of Bamberg in the Ost district. Bamberg-Ost is
characterised not just by its central location, but also its optimal traffic
infrastructure and high population density.
The main tenant of the roughly 6,100 m² property is the food retailer EDEKA,
which has a long-term lease. In addition to the retail space on the ground
floor, the property has four upper floors featuring multiple contemporary
office units. The weighted remaining term of the leases is around 8.5 years.
The purchase price of the property is EUR15.0 million. With annual rental
income of around EUR0.83 million, the gross initial yield is 5.5%.
The property is being sold by a project development company. The transaction
was brokered by Blank Real Estate (Frankfurt/Main). Payment of the purchase
price and transfer of ownership of the property are provisionally scheduled
for the middle of 2019.
*About HAMBORNER REIT AG*
HAMBORNER REIT AG is a stock exchange-listed public limited company that
exclusively operates in the property sector and is positioned as a portfolio
holder for high-yielding commercial properties. The company has sustainable
rental incomes, with a nationally-dispersed substantial property portfolio
as its foundation. Attractive retail trade spaces in key town centre sites
of German cities and intermediate centres form the focal point of the
portfolio. In addition, the property portfolio includes highly-frequented
specialist stores and profitable office buildings, as well as spaces for
medical practices.
HAMBORNER REIT AG stands out due to its many years of experience in the
property and capital market, its lean and transparent corporate structure as
well as its special proximity to the tenants. Since February 18, 2010
HAMBORNER has been a registered Real Estate Investment Trust (REIT) and
benefits at company level from exemption from corporation and trade tax.
*Investor Relations & Public Relations*
Christoph Heitmann
Tel.: +49 (0)203 54405-32
Fax: +49 (0)203 54405-49
E-Mail: c.heitmann@hamborner.de
Web: www.hamborner.de [1]
End of Media Release
Issuer: HAMBORNER REIT AG
Key word(s): Real estate
2018-10-02 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: HAMBORNER REIT AG
Goethestraße 45
47166 Duisburg
Germany
Phone: 0203/54405-0
Fax: 0203/54405-49
E-mail: info@hamborner.de
Internet: www.hamborner.de
ISIN: DE0006013006
WKN: 601300
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich,
Stuttgart, Tradegate Exchange; London, SIX
End of News DGAP Media
729305 2018-10-02
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3efe125e6315c71cd183c918f2e9d904&application_id=729305&site_id=vwd&application_name=news
(END) Dow Jones Newswires
October 02, 2018 01:00 ET (05:00 GMT)
