HAMBORNER REIT AG: Commercial property in Hanover sold

HAMBORNER REIT AG - Commercial property in Hanover sold

Duisburg, 20 December 2013 - Following the sale in recent months of properties in Moers, Oberhausen and Wuppertal that were smaller, had high administrative requirements and were therefore no longer consistent with the strategy, HAMBORNER REIT AG signed the contract for the sale of a residential and commercial property in Hanover over the past few days. The property on Karmarschstrasse 24 with a total of four rental units was built in 1949 and has been in the HAMBORNER REIT AG portfolio since 1996. The purchase price was around EUR5.7 million. The property was sold without a broker to an Aachener Grundvermögen fund in Bonn. Ownership will be transferred in early 2014.

About HAMBORNER REIT AG

HAMBORNER REIT AG is a stock exchange-listed public limited company that today 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.

Contact:

Sybille Schlinge
Tel.: +49 (0)203 54405-32
Fax: +49 (0)203 54405-49
E-mail: s.schlinge@hamborner.de
Web: www.hamborner.de