HAMBORNER REIT AG acquires commercial building in Dortmund city centre
Duisburg, 29 September 2016 - HAMBORNER REIT AG continues on its growth course and immediately uses parts of the proceeds from the successfully completed capital increase. Yesterday HAMBORNER acquired the "DOMI" commercial building in Dortmund's pedestrian zone. The property is located on Ostenhellweg, one of the city's main shopping streets in the direct vicinity of C&A, Maisons du Monde and the new fashion house Weingarten. The purchase price amounts to EUR30.9 million.
The property has a rental area of around 9,200 m². Its main tenants are TK Maxx, Das Depot, O2 and a large dialysis centre. The weighted average term of the leases is around seven years. With annual rental income of around EUR1.6 million, the gross initial yield amounts to 5.1%. Payment of the purchase price and transfer of possession are provisionally scheduled for the end of this year. The transaction was brokered by Jones Lang LaSalle Düsseldorf.
About HAMBORNER REIT AG
HAMBORNER REIT AG is a stock exchange-listed public limited company that exclusively operates in the property sector and is positioned as a portfolio holder for high-yielding commercial properties. The company has sustainable rental incomes, with a nationally-dispersed substantial property portfolio as its foundation. Attractive retail trade spaces in key town centre sites of German cities and intermediate centres form the focal point of the portfolio. In addition, the property portfolio includes highly-frequented specialist stores and profitable office buildings, as well as spaces for medical practices.
HAMBORNER REIT AG stands out due to its many years of experience in the property and capital market, its lean and transparent corporate structure as well as its special proximity to the tenants. Since February 18, 2010 HAMBORNER has been a registered Real Estate Investment Trust (REIT) and benefits at company level from exemption from corporation and trade tax.
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End of Media Release
Issuer: HAMBORNER REIT AG
Key word(s): Real estate
2016-09-29 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
|Company:||HAMBORNER REIT AG|
|Listed:||Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, SIX|
|End of News||DGAP Media|