HAMBORNER REIT AG continues systematic strategy implementation and seizes sales opportunities for small properties and undeveloped holdings

HAMBORNER REIT AG continues systematic strategy implementation and seizes sales opportunities for small properties and undeveloped holdings

Duisburg, 04 January 2012 - HAMBORNER REIT AG is continuing with the systematic implementation of its growth strategy while at the same time shaking out its portfolio and sold three properties in Erfurt at the end of last year. The properties in Marktstrasse and Neuwerkstrasse with a fair value of around EUR1-2 million each were sold to the Raffay Wohnungsgesellschaft GmbH & Co KG, Hamburg, as a package for approximately EUR5.6 million. A further small property from HAMBORNER's portfolio in Krefeld was already sold to two private persons in September 2011.

The company also took advantage of the opportunity to dispose of around 87 hectares of undeveloped land. This is almost exclusively agricultural land from the old portfolio of HAMBORNER REIT AG. It is located in the urban regions of Duisburg and Dinslaken and is largely leased to farmers. Total proceeds from the disposal amount to around EUR2.2 million. Following this sale, HAMBORNER still holds roughly 1.5 million m² of largely undeveloped land, located predominantly in the north of Duisburg and in the neighbouring municipalities of Dinslaken and Hünxe.

'Following the successful investments in the past year, we are delighted to also demonstrate our successes in the announced disposal of properties no longer in line with our strategy and undeveloped land,' commented the members of the Managing Board Dr. Rüdiger Mrotzek and Hans Richard Schmitz. 'We will continue to pursue our strategy in this area in 2012 as well and gradually shake out the smaller properties in our portfolio - but without pressure.'

HAMBORNER REIT AG also intends to continue its expansion in the asset classes of large-area retail, high street and office properties. In total, the company added nine new properties to its books in the past year with a combined value of around EUR124 million, bringing the value of its portfolio to currently around EUR500 million. Agreements for further properties in Aachen and Munich worth approximately EUR56 million have also already been signed. The company expects to add these to its portfolio in early 2012 and 2013.

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.
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.

Investor Relations:

Sybille Albeser

Tel.: +49 (0)203 54405-32
Fax: +49 (0)203 54405-49
E-Mail: s.albeser@hamborner.de
Web: www.hamborner.de