DGAP-News: IMMOFINANZ Group: Deutsche Lagerhaus subsidiary sells logistics property and completes numerous rentals
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate
IMMOFINANZ Group: Deutsche Lagerhaus subsidiary sells logistics
property and completes numerous rentals
25.06.2013 / 09:57
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Deutsche Lagerhaus GmbH u. Co KG (DLG) - a wholly owned subsidiary of
IMMOFINANZ Group - is announcing a successful sale and numerous rentals. A
logistics property in the Swiss city of Egerkingen was sold in excess of
the carrying amount for nearly CHF 60 million. The buyer is a real estate
fund subsidiary of Credit Suisse AG. In addition, leases for approx. 45,000
sqm of space were concluded or extended in Germany. The well-known tenants
include, among others, Fressnapf, Europe's largest specialty retail chain
for pet supplies.
'The logistics sector in Germany is a dynamic asset class that is
characterised by high returns and an expected increase in demand from the
growth in online retailing. Deutsche Lagerhaus has established a strong
position in this market. With the cycle-optimised sale of the Swiss
property in Egerkingen, we are continuing our exit from non-core countries
- also in the logistics segment. This sale will generate funds for the
expansion of our logistics project pipeline in Germany and allow us to take
advantage of the still high CHF exchange rate', indicates Eduard Zehetner,
CEO of IMMOFINANZ Group.
The sold property is located in the Swiss canton of Solothurn and has
approx. 34,400 sqm of rentable space on two warehouse levels. The exterior
areas total 7,000 sqm. The parties have agreed not to release any further
details on the transaction. After this sale, IMMOFINANZ Group owns three
other logistics properties in Switzerland.
New rentals and lease extensions
'The latest rentals underscore the quality of our standing investment
portfolio, which has approx. 860,000 sqm of usable space. In the future,
DLG plans to increase its development activities to even better meet
customers' wishes', explains Ronny Connerth, Managing Director of DLG.
Other potential projects are currently in the evaluation phase.
The largest new leases and lease extensions recently concluded by DLG
include a contract with Tiernahrungs GmbH Fressnapf. This company has
signed a long-term lease for nearly 12,000 sqm of warehouse and office
space in the Düsseldorf logistics cluster at Willich, in the province of
North Rhein-Westphalia. With 1,240 branches, the company is the largest
specialty retail chain for pet food and supplies in Europe and a tenant in
many of the IMMOFINANZ retail properties.
At a building in Poing near Munich, Naxos NGL has signed on as a long-term
tenant for approx. 8,500 sqm.
A long-term lease for approx. 2,600 sqm was also signed with Kraftverkehr
Nagel, which will move in during July of this year. According to company
information, Kraftverkehr Nagel has been one of the leading providers of
food logistics in Europe and number one in Germany for many years.
On Deutsche Lagerhaus GmbH u. Co.KG
Deutsche Lagerhaus Gesellschaft (DLG) owns a wide-ranging portfolio of
logistics properties at 27 locations, including 25 in Germany and two in
Switzerland. Six of the 27 locations are situated at harbours. The
logistics properties in Germany are positioned in the population centers at
Rhine-Ruhr, Rhine-Main, Stuttgart and Munich/Nuremberg. The two properties
in Switzerland are located at the transportation hub in Zurich. DLG manages
a standing investment portfolio with approx. 860,000 sqm of usable space.
Its warehouse network consists primarily of multi-modal locations that
include various types of transportation hubs: road - rail - airport -
water, wherever possible with container terminals. The DLG logistic parks
and halls were planned, developed and built to accommodate a wide variety
of uses such as warehousing, cross-docking and commissioning.
On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe.
The company is included in the leading ATX index of the Vienna Stock
Exchange and also trades on the Warsaw Stock Exchange. Since its founding
in 1990, the company has compiled a high-quality property portfolio that
now comprises more than 1,810 investment properties with a carrying amount
of approx. EUR 10.49 billion. As a 'real estate machine' the company
concentrates on linking its three core business areas: the development of
sustainable, specially designed prime properties in premium locations, the
professional management of these properties and cycle-optimised sales.
IMMOFINANZ Group concentrates its activities in the retail, office,
logistics and residential segments of eight regional core markets: Austria,
Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Russia.
Further information under: http://www.immofinanz.com |
http://blog.immofinanz.com | http://properties.immofinanz.com
For additional information please contact:
MEDIA INQUIRIES
Bettina Schragl
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications(at)immofinanz.com
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance&Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2312
M +43 (0)699 1685 7312
investor(at)immofinanz.com
End of Corporate News
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25.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: investor(at)immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
Open Market ; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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217922 25.06.2013
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Datum: 25.06.2013 - 09:57 Uhr
Sprache: Deutsch
News-ID 272744
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