10 August 2010 / 14:32

Press Releases

HAMBORNER REIT AG acquires office property in Ingolstadt

HAMBORNER REIT AG / Enterprise10.08.2010 14:32Dissemination of a Press Release, transmitted byDGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------HAMBORNER REIT AG acquires office property in IngolstadtDuisburg, August 10, 2010 - HAMBORNER REIT AG has acquired attractiveoffice property in Ingolstadt. The purchasing price is EUR 11.1 million andthe gross initial yield is 7.83%. The property was completed in 2008, has atotal leased area of 5,600m2 and is situated in the Northeast of Ingolstadtclose to the A9 motorway in an good office location.The long-term main tenant is the IT company Kaspersky. A textile company,an engineering office and a restaurant have also leased floor space.The seller is P1 Projektentwicklung, a project developer from Heiligenroth.The property was transacted by the brokering house arina consult fromFrankfurt.HAMBORNER REIT AG plans to continue expanding in the asset classesRetailing and Office Properties. The acquisition of the office property inIngolstadt hence fits in with the company's growth-oriented strategicalignment. Altogether HAMBORNER has been able to invest a volume of aroundEUR 83 million in new attractive property since the beginning of the year.About HAMBORNER REIT AGHAMBORNER REIT AG is a public limited company listed on the stock exchangewhich today works exclusively in the real estate sector and occupies aposition as a portfolio holder for high-yield commercial properties. Thebasis of the company's sustainable rental income is a substantial realestate portfolio that is spread throughout the country. The main focus ofthe portfolio consists of attractive retail space in central city centrelocations in Germany and resources centres. Furthermore, the propertyportfolio comprises highly frequented specialist stores and profitableoffice buildings, as well as doctors' surgeries, apartments and car parks.Additionally, the company possesses around 4.5 million m² of undevelopedland, which is mainly located in the north of Duisburg and the neighbouringlocal authority districts of Dinslaken and Hünxe.The outstanding features of HAMBORNER REIT AG are its many years ofexperience in the real estate and capital market, its lean and transparentcorporate structure and its particular proximity to the tenants. Thecompany is a registered Real Estate Investment Trust (REIT) and benefits atthe company level from exemption from corporation and trade tax.Press contact:Sybille AlbeserTel.: +49 (0)203 54405-32Fax: +49 (0)203 54405-49E-Mail: s.albeser@hamborner.deWeb: www.hamborner.de10.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      HAMBORNER REIT AG              Goethestraße 45              47166 Duisburg              DeutschlandInternet:     www.hamborner.de End of News                                     DGAP-Media ---------------------------------------------------------------------------

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