HAMBORNER REIT AG - Purchase agreement signed for retail and office property in Karlsruhe
(firmenpresse) - (DGAP-Media / 31.10.2012 / 08:52)
HAMBORNER REIT AG - Purchase agreement signed for retail and office
property in Karlsruhe
- Third agreement signed since capital increase - 75% of property
pipeline invested
- Investment volume of around EUR37 million
- Rental income of around EUR2.4 million p.a.
Duisburg, 31 October 2012 - HAMBORNER REIT AG is making rapid progress in
the investment of the funds from its capital increase. Following its
acquisition of the E-Center in Tübingen and the OBI store in Hamburg, the
company has now signed a purchase agreement for a commercial property in
which the core tenant is EDEKA. Thus, the company has already acquired
three out of four properties in the pipeline developed in connection with
the capital increase. The property purchased in this agreement is an
attractive district centre on Rüppurrer Strasse 1, an exposed and highly
frequented part of Karlsruhe close to the city centre. On the ground floor,
EDEKA operates a large-area supermarket. The top floors of the roughly
15,000 m²complex are home to several offices, medical practices and
catering establishments.
The purchase price is around EUR37 million and the gross initial yield will
be approximately 6.6%.
HAMBORNER REIT AG intends to continue its expansion in the asset classes of
retail and office properties. The members of the Managing Board Dr. Rüdiger
Mrotzek and Hans Richard Schmitz are delighted by the signing of this
agreement. 'This investment and those in Hamburg and Tübingen show that we
are keeping our promise to invest the funds raised by the capital increase
quickly. We are highly confident that we will also have good news to report
regarding the last property in the pipeline soon.'
About 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.
Contact:
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
31.10.2012 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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190931 31.10.2012
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