10 May 2010 / 16:21

Press Releases

HAMBORNER REIT AG: HAMBORNER REIT AG Continues on Its Course of Growth

HAMBORNER REIT AG / Enterprise10.05.2010 16:21Dissemination of a Media Release, transmitted byDGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- Press ReleaseHAMBORNER REIT AG Continues on Its Course of GrowthDuisburg, May 10, 2010 - HAMBORNER REIT AG has acquired two retail projectsin Stuttgart and Freiburg. The total investment volume is around EUR28.2million.The property in Stuttgart is expected to be completed and handed over thissummer. The tenant is EDEKA Handelsgesellschaft Südwest mbH, which intendsto operate a supermarket on this site with a total floor area of around6,400 m². The individual purchase price amounts to EUR16.8 million.On the Freiburg site an existing EDEKA supermarket will be torn down andreplaced by a new building with a total floor area of approx. 4000 m². Thetenant is also EDEKA Handelsgesellschaft Südwest mbH. The handover isscheduled for the summer of 2012. The individual purchase price amounts toapprox. EUR11.4 million.The initial gross rate of return of the two properties is around. 7.3%.From the date of handover of the completed buildings to HAMBORNER REIT AG,the rental agreements have an initial term of 18 years plus options. Theseller is EDEKA Grundstücksverwaltungsgesellschaft mbH. The transactionswere certified on May 10, 2010.As a result HAMBORNER has concluded purchase agreements for real estate inattractive locations to the amount of around EUR60 million since thebeginning of the year.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.Investor Relations:Sybille AlbeserTel.: +49 (0)203 54405-32Fax: +49 (0)203 54405-49E-Mail: s.albeser@hamborner.deWeb: www.hamborner.de10.05.2010 Ad hoc announcement, Financial News and Media 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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