16 August 2010 / 11:23

Press Releases

HAMBORNER REIT AG: HAMBORNER REIT AG acquires commercial building in Lemgo

HAMBORNER REIT AG / Enterprise16.08.2010 11:23Dissemination of a Press Release, transmitted byDGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- Press Release HAMBORNER REIT AG acquires commercial building in LemgoDuisburg, August 16, 2010 - The firm HAMBORNER REIT AG has acquired thepurchase agreement for a commercial building in a top A1 location in theMittelstrasse pedestrian zone in Lemgo. The purchase price is approx.EUR6.8 million, with the initial gross rate of return being around 7%. In2010 the former Hertie department store is being completely rebuilt for thetenants Hennes & Mauritz and C&A and now has a total rental area of around4600 m². C&A have already opened their shop, with the opening of H&M beingplanned for the end of 2010.On the seller's side is the project developer Amandla from Iserlohn. Theproperty sale was mediated by the firm SQM Property Consulting fromMünster.HAMBORNER REIT AG intends to continue expanding into the asset classes ofretail and office properties. Since the beginning of the year HAMBORNER hasbeen able to invest a volume of around EUR90 million in new, attractiveproperties.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.de16.08.2010 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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