HAMBORNER REIT AG - Second acquisition in June
(firmenpresse) - HAMBORNER REIT AG / Key word(s): Enterprise/
HAMBORNER REIT AG - Second acquisition in June
DGAP-Media / 22.06.2011 / 12:16
Press Release
HAMBORNER REIT AG - Second acquisition in June
- Company acquires object in Offenburg from Cordea Savills German Retail
Fund
- Purchase agreements for around EUR 41 million already signed in 2011
Duisburg, 22 June 2011 - HAMBORNER REIT AG is keeping its promise for
growth. Just last week the company signed a purchase agreement for a DIY
store in Aachen and now it signed the contract for a further property that
fits its strategy. The retail property with total rental space of around
5,000 m²leased to the drugstore chain operator Müller was built in 1973,
comprehensively renovated in 2008/2009 and is situated in a prime location
in Offenburg's pedestrianised zone. The purchase price is EUR7.9 million
and the gross initial rate of return 6.6%.
HAMBORNER REIT AG was adviced by the Munich broker Pareal. On the sellers
side Cordea Savills GmbH, Munich and CMS Hasche Sigle, Stuttgart, were
operating as consultants. Cordea Savills German Retail Fund, with an
investment volume of approx. EUR 300 million was launched in 2007 by
Luxembourgian law and is focused on German retail objects.
By acquiring this property in Offenburg in addition to the contracts
already signed for properties in Langenfeld and Aachen, HAMBORNER has
already signed purchase agreements for around EUR41 million this year. Four
properties with a total value of approximately EUR58 million have also been
added to the books in 2011. Further purchases are being examined.
The company still intends to grow in the three asset classes of large-area
retail, office and high street, and plans to achieve a total portfolio
value of around EUR500 million by the end of 2011 (currently around EUR435
million).
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
---------------------------------------------------------------------
22.06.2011 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
---------------------------------------------------------------------
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
---------------------------------------------------------------------
129428 22.06.2011
Datum: 22.06.2011 - 12:16 Uhr
Sprache: Deutsch
News-ID 34447
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 191 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"HAMBORNER REIT AG - Second acquisition in June"
steht unter der journalistisch-redaktionellen Verantwortung von
HAMBORNER REIT AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
