HAMBORNER REIT AG: Purchase agreement for OBI DIY store in Hamburg signed
(firmenpresse) - (DGAP-Media / 25.09.2012 / 08:30)
Press Release
HAMBORNER REIT AG - Purchase agreement for OBI DIY store in Hamburg signed
- Investment of funds from capital increase progresses as planned
- Investment volume of approximately EUR17.2 million
- 15-year rental agreement
Duisburg, 25 September 2012 - The investment of funds from the capital
increase at HAMBORNER REIT AG is continuing to make rapid progress.
Following the acquisition of an E-Center in Tübingen at the end of August,
the company has now signed the purchase agreement for an OBI DIY store in
Hamburg.
The property with rental space of around 10,000 square metres is currently
under construction. It is located in a business area at the main traffic
artery of Sander Damm/Kurt A.-Körber-Chaussee in the Bergedorf district,
roughly 15 kilometres from Hamburg city centre. The DIY store operator OBI
has concluded a 15-year rental agreement for this location, which is
scheduled for completion in late 2013.
The seller of the property is a project company of Procom, a Hamburg-based
project developer that has been successfully conducting project development
and investment activities on the German market nationwide for almost three
decades. The project was brokered by the agent IAM Immobilien Asset
Management, also based in Hamburg. The purchase price for the property is
approximately EUR17.2 million and the gross initial yield is around 7.3%.
HAMBORNER REIT AG intends to continue its expansion in the asset classes of
retail and office properties. As such, the acquisition of the properties in
Tübingen and Hamburg is consistent with the company's growth-oriented
strategic approach.
HAMBORNER REIT AG
HAMBORNER REIT AG is a stock exchange-listed public limited company that
today 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, apartments and parking spaces.
Furthermore, the company still has approximately 1.4 million m²of
undeveloped land areas, which are located predominantly in Duisburg North
and in the adjacent municipalities of Dinslaken and Hünxe.
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:
Sybille Schlinge
Tel.: +49 (0)203 54405-32
Fax: +49 (0)203 54405-49
E-Mail: s.schlinge(at)hamborner.de
Web: www.hamborner.de
End of Media Release
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Issuer: HAMBORNER REIT AG
Key word(s): Enterprise
25.09.2012 Dissemination of a Press Release, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: HAMBORNER REIT AG
Goethestraße 45
47166 Duisburg
Germany
Phone: 0203/54405-0
Fax: 0203/54405-49
E-mail: info(at)hamborner.de
Internet: www.hamborner.de
ISIN: DE0006013006
WKN: 601300
Indices: SDAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, München, Stuttgart
End of News DGAP-Media
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186203 25.09.2012
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