HAMBORNER REIT AG: Contract signed for retail property in prime pedestrian zone location in Langenfeld
(firmenpresse) - HAMBORNER REIT AG / Key word(s): Enterprise/
HAMBORNER REIT AG: Contract signed for retail property in prime
pedestrian zone location in Langenfeld
DGAP-Media / 26.05.2011 / 13:55
Press release
HAMBORNER REIT AG - Contract signed for retail property in prime pedestrian
zone location in Langenfeld
Duisburg, 26 May 2011 - HAMBORNER REIT AG is continuing its growth. With
four properties in Bad Homburg, Regensburg, Brunnthal and Leipzig already
added to the company's books this year alone, an agreement for a further
attractive property was signed yesterday. The 'sass.am.markt' retail
property, with an excellent location in Langenfeld's pedestrian zone, is a
former Karstadt and later a Hertie department store that was gutted, fully
renovated and extended by further parking spaces in 2010. The property has
rentable space of around 6,300m²with annual rental income of approximately
EUR1.2 million. Tenants include H&M, Intersport, dm, Das Depot and Tom
Tailor. The investment volume is EUR 17.25 million with a gross initial
rate of return of 6.6%.
The seller is a project company of the Sass family, who now lives in the US
and has owned the property for over 40 years. During the renovation of the
building into a modern city centre small-scale retail building, iandus
Unternehmensgruppe, Dusseldorf, assumed the function of project developer
and general planner. The transaction was brokered by SQM Property
Consulting, Münster.
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
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Language: EnglishCompany: 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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126374 26.05.2011
Datum: 26.05.2011 - 13:55 Uhr
Sprache: Deutsch
News-ID 34226
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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