HAMBORNER REIT AG: Property portfolio growth
(firmenpresse) - HAMBORNER REIT AG / Key word(s): Enterprise/
HAMBORNER REIT AG: Property portfolio growth
DGAP-Media / 01.08.2011 / 15:22
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HAMBORNER REIT AG - Property portfolio growth
- Properties in Erlangen and Offenburg added to books
- Current portfolio value of around EUR487 million
- Further growth planned
Duisburg, 1 August 2011 - HAMBORNER REIT AG today added two further
properties to its portfolio. One of these is the newly built shopping,
service and office centre in the east of Erlangen known as Campus
Röthelheimpark. The purchase agreement for the property with usable space
of around 11,500 m²and an investment volume of approximately EUR28 million
was already notarised at the end of 2010. The property was developed and
sold by Sontowski&Partner GmbH, Erlangen.
The other property added to HAMBORNER's books was a retail property
situated in a prime location in Offenburg's pedestrianised zone leased to
the drugstore chain operator Müller. The corresponding purchase agreement
was signed in June of this year. The investment volume for the property
sold by the Cordea Savills retail fund is around EUR8 million.
HAMBORNER REIT AG therefore has a portfolio value of around EUR487 million
distributed across 69 properties at 51 locations in Germany. 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.
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.
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
Germany
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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133921 01.08.2011
Datum: 01.08.2011 - 15:22 Uhr
Sprache: Deutsch
News-ID 40222
Anzahl Zeichen: 0
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Kategorie:
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