DGAP-Media: HAMBORNER REIT AG: Another Property Acquired
(firmenpresse) - DGAP-Media: HAMBORNER REIT AG / Key word(s): Enterprise/
HAMBORNER REIT AG: Another Property Acquired
16.12.2010 / 10:00
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Press release
HAMBORNER REIT AG - Another Property Acquired
Duisburg, 16. December 2010 - HAMBORNER REIT AG has managed to acquire
another property before the end of the year and hence continue its growth
according to plan. The 'Campus Röthelheimpark' shopping, service and office
centre is located in the East of Erlangen. The building complex has around
11,500m²of floor space on a site area of around 10,700m², and will be
completed in the 2nd quarter of 2011. Transfer of ownership is expected in
mid 2011. The overall investment volume is approx. EUR 28 million and the
gross initial yield is approx. 6.9 %. The tenants include a tax
consultancy, a consultancy specialised in health, a hypermarket, an organic
supermarket, a drugstore, a pharmacy as well as a restaurant and a savings
bank branch. This means that within a year HAMBORNER has acquired two
properties in Erlangen, a location with outstanding underlying economic
infrastructure and constant growth. This underlines the company's strategy
of concentrating on German regions with strong economic growth and
diversifying its portfolio - in particular also in the Southern part of
Germany.
As in the case of the property Atrium, which was acquired a year ago, the
developer and seller of this real estate is Sontowski&Partner GmbH from
Erlangen.
HAMBORNER REIT AG plans to continue expanding its retail and office
property asset classes. Since the beginning of the year HAMBORNER has been
able to invest approx. EUR 150 million in new attractive real estate, and
around 40 % of this has been transferred. The successfully placed increase
in capital in October also represents a solid basis for current and future
growth. As announced, this year through these latest acquisitions we have
already been able to profitably invest a sizeable amount of the EUR 76
million net issuing proceeds in attractive property.
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 2.4 million m²of undeveloped
land, which is mainly located in the north of Duisburg and the neighbouring
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.
Press contact:
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
End of Media Release
16.12.2010 Dissemination of a Press Release, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: HAMBORNER REIT AG
Goethestraße 45
47166 Duisburg
Deutschland
Phone: 0203/54405-0
Fax: 0203/54405-49
E-mail: info(at)hamborner.de
Internet: www.hamborner.de
ISIN: DE0006013006
WKN: 601300
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, München, Stuttgart
End of News DGAP-Media
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106684 16.12.2010
Datum: 16.12.2010 - 10:00 Uhr
Sprache: Deutsch
News-ID 32878
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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