HAMBORNER REIT AG - Further commercial property acquired in Bad Homburg pedestrianised zone
Duisburg, 12 December 2013 - HAMBORNER REIT AG has this week signed a purchase agreement for a commercial property at Louisenstrasse 66 in Bad Homburg. The property is located in the best part of the highly cultivated Louisenstrasse pedestrianised zone, in direct proximity to the Kurhaus and the property already bought by HAMBORNER in 2011 at Louisenstrasse 53-57. The property that has now been acquired has rental space of around 3,200 m². The main tenant is Commerzbank. With current rental income of around EUR434,000 per year, it has a gross initial yield of 5.47%.
The property was sold by the fund company Aberdeen Asset Management Deutschland AG. The sale was brokered by NAI Apollo. Ownership is expected to transfer in the first quarter of 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.
End of Media Release
Issuer: HAMBORNER REIT AG
Key word(s): Real estate
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|Company:||HAMBORNER REIT AG|
|Listed:||Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, Hannover, München, Stuttgart|
|End of News||DGAP-Media|