Dow Jones received a payment from EQS/DGAP to publish this press release.
DGAP-Media / 2018-10-25 / 07:02
*Press Release*
*HAMBORNER REIT AG signs purchase agreements for office properties in Aachen
and Bonn*
Duisburg, 25 October 2018 - In a competitive environment with strong demand
for attractive commercial properties, HAMBORNER REIT AG is pleased to report
another acquisition and the expansion of its portfolio for the future. The
purchase agreement for two office properties in Aachen and Bonn was signed
yesterday.
The properties acquired are two project developments set to get underway at
attractive office locations in Aachen-Mitte and Bonn-Tannenbusch in the
coming months. The two properties have a total rental area of approximately
14,400 square metres with variable partitioning options, half of which has
been let to Barmer Krankenkasse. The purchase price for the properties is
EUR51.6 million. With initial annual rental income of EUR2.7 million in
total, the gross initial yield is around 5.2%. The purchase price will be
paid, and the property transferred to Hamborner, immediately after
completion of the properties and handover of the rental space to the tenant,
which is expected to be in late 2019/early 2020.
The properties are being sold by a company of the project developer KPE in
Wiesbaden, from which HAMBORNER already acquired an office property in Kiel
last year. "We are delighted that, even on a fiercely contested acquisition
market, we were once again able to use our good contacts with project
developers to acquire two state-of-the-art office properties that satisfy
our standards of quality and ideally supplement our portfolio," said the
members of HAMBORNER's Management Board Dr Rüdiger Mrotzek and Hans Richard
Schmitz.
*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
End of Media Release
Issuer: HAMBORNER REIT AG
Key word(s): Real estate
2018-10-25 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.
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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
737391 2018-10-25
(END) Dow Jones Newswires
October 25, 2018 01:03 ET (05:03 GMT)
