Dow Jones received a payment from EQS/DGAP to publish this press release.
DGAP-Media / 2018-11-15 / 07:00
*Press release*
*HAMBORNER REIT AG acquires DIY store in Berlin*
Duisburg, 15 November 2018 - HAMBORNER REIT AG signed the purchase agreement
for a large retail property in Berlin. The property being acquired is a DIY
store located around eight kilometres east of the centre of Berlin in the
district of Lichtenberg. The location is characterised not just by its
central location, but also its optimal traffic infrastructure and high
population density. The property is located on Landsberger Allee, one of the
busiest roads in Berlin, directly between Möbel Höffner and IKEA.
The tenant of the roughly 16,500 m² property is a Globus DIY store, which
has a long-term lease running until 2030. The purchase price of the property
is EUR32.1 million. With annual rental income of EUR1.7 million, the gross
initial yield is 5.3%.
The property was sold by a company of the Krieger Group, KGG GmbH & Co. KG.
SQM Property Consulting was the buyer's consultant for the transaction.
Payment of the purchase price and transfer of ownership of the property are
provisionally scheduled for late 2018 and early 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
2018-11-15 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
745811 2018-11-15
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3efe125e6315c71cd183c918f2e9d904&application_id=745811&site_id=vwd&application_name=news
(END) Dow Jones Newswires
November 15, 2018 01:00 ET (06:00 GMT)
