HAMBORNER REIT AG: Portfolio value of around EUR500 million - Handover of new E-Center in Freiburg
(firmenpresse) - HAMBORNER REIT AG / Key word(s): Enterprise/
HAMBORNER REIT AG: Portfolio value of around EUR500 million - Handover
of new E-Center in Freiburg
DGAP-Media / 03.11.2011 / 11:32
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HAMBORNER REIT AG: Portfolio value of around EUR 500 million - Handover of
new E-Center in Freiburg
Duisburg, 3 November 2011 - HAMBORNER REIT AG has added a further property
to its books. Following a construction phase of around twelve months, the
E-Center acquired in Freiburg last year was today - several months earlier
than originally planned - declared open in a ceremony by EDEKA, thereby
meeting the last requirements for its addition to the HAMBORNER portfolio.
An existing EDEKA supermarket at the same location was demolished and
replaced by a new building with total usable space of around 4,000 square
metres. The property has a gross initial yield of around 7.5%; the lease
has a term of 18 years plus options. The seller was EDEKA
Grundstücksverwaltungsgesellschaft mbH. The transaction was already
notarised on 10 May 2010 with a purchase price of around EUR11.4 million.
The portfolio of HAMBORNER REIT AG therefore currently has a value of
around EUR500 million. It also has signed agreements in place for an OBI
DIY store in Aachen and the state-of-the-art office property 'NuOffice' in
Munich with a total additional volume of approximately EUR55 million. These
properties are currently under construction and will be transferred to the
company on completion in 2012 and 2013 respectively.
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: English
Company: 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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144593 03.11.2011
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Datum: 03.11.2011 - 11:32 Uhr
Sprache: Deutsch
News-ID 83477
Anzahl Zeichen: 5171
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Kategorie:
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