17 June 2011 / 10:16

Press Releases

HAMBORNER REIT AG expanding further – Agreement signed for DIY store in Aachen

HAMBORNER REIT AG / Key word(s): Enterprise/

17.06.2011 / 10:16


Press Release

HAMBORNER REIT AG expanding further - Agreement signed for DIY store in Aachen

Duisburg, 17 June 2011 - As previously announced, HAMBORNER REIT AG is expanding further. After the purchase agreement for a retail property in Langenfeld was signed only at the end of May, the company can now reveal the acquisition of an OBI DIY store. The approximately 11,400 m² property, which is still under construction and scheduled for completion in 2012, is located in a business area of the Brand district, roughly 5 km to the south-east of the centre of Aachen. OBI has maintained a presence at the Aachen-Brand location for around 20 years but is now leaving its current store to relocate to this new and more attractive site. Confidentiality was agreed on the purchase prices.

The seller is a project company of the Schoofs Group from Kevelaer, a developer for retail parks, DIY stores and discount supermarkets. The gross yield is approximately 7.5%.

In acquiring this property in Aachen, HAMBORNER has already signed purchase agreements for around EUR33 million this year. Four properties with a total value of approximately EUR58 million have also been added to the books in 2011. Further purchases are being examined.

As part of the targeted portfolio optimisation, HAMBORNER also sold a smaller property in Krefeld for EUR900 thousand. This was a property which was no longer in line with company strategy.

The company still intends to grow in the three asset classes of large-area retail, office and high street, and plans to achieve a total portfolio value of around EUR500 million by the end of 2011 (currently around EUR435 million).


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 m² of 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.

Press contact:

Sybille Albeser

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

End of Media Release

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128942  17.06.2011

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