HAMBORNER REIT AG: Purchase agreement signed for office/retail property in Bayreuth
(firmenpresse) - (DGAP-Media / 15.04.2013 / 13:40)
HAMBORNER REIT AG - Purchase agreement signed for office/retail property in
Bayreuth
- Investment volume of around EUR19 million
- Gross initial yield of 7.15%
- Average remaining term of leases of around seven years
Duisburg, 15 April 2013 - HAMBORNER REIT AG has signed a purchase agreement
for a mixed-use office and retail property in Bayreuth. The winning
location on Spinnereistrasse is conveniently located and close to the city
centre, and is one of the top office locations in Bayreuth.
The property being acquired comprises two buildings directly facing each
other with a total rental area of around 8,500 m². The properties, which
date from 2009, are around 84% let to office users and doctors; the retail
share accounts for around 16%. The anchor tenants include the Bayreuth job
centre, the laboratory diagnostics provider Synlab Weiden, the Siemes shoe
centre and Deutsche Apotheker- undÄrztebank. The annual rental income for
the property amounts to around EUR1.4 million; the weighted remaining term
of the leases is around seven years.
The property is being sold by a private property company from Pöcking, the
broker was Colliers. The purchase price is around EUR19 million and the
gross initial yield will be approximately 7.15%. It is planned that
ownership of the property will be transferred before the end of the first
half of the year.
Following the transfer of the properties in Munich and Berlin, HAMBORNER
REIT AG currently has a portfolio of 71 properties at 53 locations with a
total value of around EUR655 million. The agreements already signed for a
property in Hamburg and now the Bayreuth property as well will increase the
value of the portfolio by a further EUR36 million in the coming months.
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.
Furthermore, the company still has approximately 0.9 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
15.04.2013 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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207078 15.04.2013
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Datum: 15.04.2013 - 13:40 Uhr
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