DGAP-News: IMMOFINANZ AG: record letting results for DEUTSCHE LAGERHAUS GmbH&Co KG
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Miscellaneous
IMMOFINANZ AG: record letting results for DEUTSCHE LAGERHAUS GmbH&Co
KG
11.01.2011 / 07:51
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IMMOFINANZ Group: record letting results for DEUTSCHE LAGERHAUS GmbH&Co
KG
Deutsche Lagerhaus, a 90% subsidiary of the IMMOFINANZ Group with 31
properties covering 980,000 sqm of rentable logistics space at 26 locations
in Germany and Switzerland, set a new record for letting results in 2010.
The active management of standing investments has been a focus of
activities since 2009, whereby the objectives are to further reduce the
vacancy rate and optimise the portfolio. Another focal point has been the
acquisition of national and international logistics players as tenants.
Since autumn 2009 there has been a steady rise in the demand for logistics
space.
Deutsche Lagerhaus has continuously improved the branch mix in its
portfolio, which includes transportation and logistics companies, retail
firms and industrial corporations. The largest tenants in the portfolio are
DHL, Dachser, DSV, DPD, Kühne&Nagel, Stute Verkehrs GmbH, Fiege, Rhenus,
Elektrolux, LN Möbelhandel (XXX Lutz), Meyer&Meyer, Valora AG, Anker
Leschaco Group, MIRGOS, Hellweg, Addicks&Kreye, Mibau, Sony DADC and
Bogner.
In 2010 new leases were concluded for approx. 90,000 sqm of space (8.7% of
the property portfolio) and contracts for nearly 52,000 sqm were extended.
Outlook on 2011
The German economy is now emerging from the most severe economic crisis in
its post-war history, with GDP growth amounting to 3.1% for the first half
of 2010. Developments on the real estate market are positive, as is
illustrated by a 162% year-on-year increase in the transaction volume
during this same six-month period.
The IMMOFINANZ Group expects logistics rentals in Germany will reflect the
2010 level during 2011. In Switzerland, the company sees an increase in
demand combined with a parallel decline in the supply of suitable space.
Eduard Zehetner, CEO of the IMMOFINANZ Group, on this development:
'Logistics properties are becoming increasingly attractive for investors.
This is especially true for Germany, the most important logistics location
in Continental Europe'.
Contact:
Margit Hermentin
Head of Investor Relations&Corporate Communications
IMMOFINANZ AG
A-1120 Vienna, Gaudenzdorfer Gürtel 67
Tel.: +43 (0) 5 7111 - 2290
Fax: +43 (0) 5 7111 - 8290
m.hermentin(at)immofinanz.com
www.immofinanz.com
Press-Coordination:
Hieronymus Tupay
ACCEDO Austria GmbH
Tel.: +43 1 533 87 00 - 23
Hieronymus.Tupay(at)accedogroup.com
End of Corporate News
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Language: English
Company: IMMOFINANZ AG
Gaudenzdorfer Gürtel 67
A-1120 WienÖsterreich
Phone: +43 (0) 5 7111 - 2290
Fax: +43 (0) 5 7111 - 8290
E-mail: investor(at)immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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108549 11.01.2011
Datum: 11.01.2011 - 07:51 Uhr
Sprache: Deutsch
News-ID 32977
Anzahl Zeichen: 0
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Kategorie:
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