DGAP-News: HAHN-Immobilien-Beteiligungs AG: Hahn Group and joint venture partner acquire real estate portfolio with a volume of EUR 140 million
(firmenpresse) - DGAP-News: HAHN-Immobilien-Beteiligungs AG / Key word(s): Joint
Venture/Real Estate
HAHN-Immobilien-Beteiligungs AG: Hahn Group and joint venture partner
acquire real estate portfolio with a volume of EUR 140 million
13.12.2012 / 08:20
---------------------------------------------------------------------
PRESS RELEASE
Hahn Group and joint venture partner acquire real
estate portfolio with a volume of EUR 140 million
- 16 large-scale retail properties
- 146,000 m²rental space
- Gross initial return of approx. 10 percent
Bergisch Gladbach, 13 December 2012 - A joint venture between one of
HAHN-Immobilien-Beteiligungs AG's indirect subsidiaries and a private
German real estate company has acquired 16 property companies as part of a
share deal. The property portfolio comprises rental space of around 146,000
m²with a rental ratio of currently 94.6 percent. The gross initial return
comes to approx. 10 percent, while the volume of investments amounts to
around EUR 140 million.
The properties are located in the German federal states of North
Rhine-Westphalia (5 sites), Lower Saxony (4), Bavaria (3), Saxony (2),
Baden-Württemberg and Brandenburg. At present they operate as shopping or
retail warehouse centers, hypermarkets, superstores or DIY stores. The
anchor tenants include, among others, REWE Group, EDEKA, Kaufland and
real,-. Because of its average remaining term of less than 5 years the
property portfolio is classified as value-add in the risk/return category.
The joint venture's objective is to develop the respective properties in
the portfolio and bring them to market in the medium term. Hahn Group will
provide asset and property management services for the joint venture
company. The Group was already managing the portfolio's properties in the
past. The partner in the joint venture will coordinate the sales
activities.
The Board of Management of Hahn AG expects the transaction to generate
positive earnings effects in the coming years, as the properties show
potential for value additions. Said Thomas Kuhlmann: ' Based on our asset
management competence we aim to increase the properties' values by
gradually modernizing them and extending new rental contracts for the
objects. As a stakeholder in the joint venture we will participate in this
increase.'
The Hahn Group's projections for the full year 2012 remain unchanged with
the Board of Management continuing to expect a consolidated profit after
taxes of EUR 2 to 3 million.
Hahn Group
The Hahn Group has been a leading asset manager in retail real estate since
1982. It develops fund products for private and institutional investors and
manages external real estate portfolios. The Hahn Group manages assets in
excess of about Euro 2.3 billion. With the experience gained from the issue
of about 170 closed-end real estate funds and institutional fund products,
the Hahn Group aims for a high degree of investment security and strong
returns on investment. Its comprehensive management services develop the
full return potential of real estate and thus maximize value-added for its
investors. The Hahn Group is listed on all German stock exchanges. Further
information is available at: www.hahnag.de.
Contact information
Hahn Group
Marc Weisener
Investor and Press Relations
Buddestrasse 14
51429 Bergisch Gladbach
Phone: 02204-94 90-118
Fax: 02204-94 90-139
Email: mweisener(at)hahnag.de
End of Corporate News
---------------------------------------------------------------------
13.12.2012 Dissemination of a Corporate News, 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
---------------------------------------------------------------------
Language: English
Company: HAHN-Immobilien-Beteiligungs AG
Buddestrasse 14
51429 Bergisch Gladbach
Germany
Phone: +49 (0)2204 9490-118
Fax: +49 (0)2204 9490-139
E-mail: mweisener(at)hahnag.de
Internet: www.hahnag.de
ISIN: DE0006006703, DE000A1EWNF4
WKN: 600670, A1EWNF
Indices: General Standard
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
196869 13.12.2012
Themen in dieser Pressemitteilung:
hahn
immobilien
beteiligungs-ag-hahn-group-and-joint-venture-partner-acquire-real-estate-portfolio-with-a-volume-of-eur-140-million
Unternehmensinformation / Kurzprofil:
Datum: 13.12.2012 - 08:20 Uhr
Sprache: Deutsch
News-ID 212362
Anzahl Zeichen: 5928
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 255 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: HAHN-Immobilien-Beteiligungs AG: Hahn Group and joint venture partner acquire real estate portfolio with a volume of EUR 140 million"
steht unter der journalistisch-redaktionellen Verantwortung von
HAHN-Immobilien-Beteiligungs AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
