DGAP-Media: HAMBORNER REIT AG: HAMBORNER REIT AG Continues on Its Course of Growth
(firmenpresse) - HAMBORNER REIT AG / Enterprise
10.05.2010 16:21
Dissemination of a Media Release, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Press Release
HAMBORNER REIT AG Continues on Its Course of Growth
Duisburg, May 10, 2010 - HAMBORNER REIT AG has acquired two retail projects
in Stuttgart and Freiburg. The total investment volume is around EUR28.2
million.
The property in Stuttgart is expected to be completed and handed over this
summer. The tenant is EDEKA Handelsgesellschaft Südwest mbH, which intends
to operate a supermarket on this site with a total floor area of around
6,400 m². The individual purchase price amounts to EUR16.8 million.
On the Freiburg site an existing EDEKA supermarket will be torn down and
replaced by a new building with a total floor area of approx. 4000 m². The
tenant is also EDEKA Handelsgesellschaft Südwest mbH. The handover is
scheduled for the summer of 2012. The individual purchase price amounts to
approx. EUR11.4 million.
The initial gross rate of return of the two properties is around. 7.3%.
From the date of handover of the completed buildings to HAMBORNER REIT AG,
the rental agreements have an initial term of 18 years plus options. The
seller is EDEKA Grundstücksverwaltungsgesellschaft mbH. The transactions
were certified on May 10, 2010.
As a result HAMBORNER has concluded purchase agreements for real estate in
attractive locations to the amount of around EUR60 million since the
beginning of the year.
About HAMBORNER REIT AG
HAMBORNER REIT AG is a public limited company listed on the stock exchange
which today works exclusively in the real estate sector and occupies a
position as a portfolio holder for high-yield commercial properties. The
basis of the company's sustainable rental income is a substantial real
estate portfolio that is spread throughout the country. The main focus of
the portfolio consists of attractive retail space in central city centre
locations in Germany and resources centres. Furthermore, the property
portfolio comprises highly frequented specialist stores and profitable
office buildings, as well as doctors' surgeries, apartments and car parks.
Additionally, the company possesses around 4.5 million m² of undeveloped
land, which is mainly located in the north of Duisburg and theneighbouring
local authority districts of Dinslaken and Hünxe.
The outstanding features of HAMBORNER REIT AG are its many years of
experience in the real estate and capital market, its lean and transparent
corporate structure and its particular proximity to the tenants. The
company is a registered Real Estate Investment Trust (REIT) and benefits at
the company level from exemption from corporation and trade tax.
Investor Relations:
Sybille Albeser
Tel.: +49 (0)203 54405-32
Fax: +49 (0)203 54405-49
E-Mail: s.albeser(at)hamborner.de
Web: www.hamborner.de
10.05.2010 16:21 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: HAMBORNER REIT AG
Goethestraße 45
47166 Duisburg
Deutschland
Internet: www.hamborner.de
End of News DGAP-Media
---------------------------------------------------------------------------
Datum: 10.05.2010 - 16:21 Uhr
Sprache: Deutsch
News-ID 20597
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 304 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-Media: HAMBORNER REIT AG: HAMBORNER REIT AG Continues on Its Course of Growth"
steht unter der journalistisch-redaktionellen Verantwortung von
HAMBORNER REIT AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
