HAMBORNER REIT AG / Key word(s): Enterprise/
HAMBORNER REIT AG - Handover of OBI DIY store in Aachen
Duisburg, 05 April 2012 - As previously announced, HAMBORNER REIT AG's portfolio is expanding further. This week the OBI DIY store in Aachen, which was acquired back in June 2011, was transferred to the company's portfolio. The approximately 11,400 m² property is a new construction 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 relocating to a more attractive site with this new building. The store has been open since 19 March 2012.
HAMBORNER acquired the property directly from the seller and project developer, a project company in the Schoofs Group based in Kevelaer in the Lower Rhine area of Germany. The gross yield is approximately 7.5%.
HAMBORNER was very active on the transaction market in 2011. Attractive properties for approximately EUR122 million were added to the books. The company has a current portfolio value of approx. EUR 518 million.
HAMBORNER REIT AG is a listed public limited company that operates exclusively in the property sector and is positioned as a portfolio holder for high-yield commercial properties. The company generates sustainable rental income on the basis of a solid portfolio of properties distributed throughout Germany. Attractive retail trade spaces in key city centre locations in 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 doctors' surgeries.
HAMBORNER REIT AG is distinguished by its many years of experience in the property and capital market, its lean and transparent corporate structure and its particular proximity to its tenants. The company is a registered real estate investment trust (REIT) and benefits at company level from exemption from corporation and trade tax.
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|Company:||HAMBORNER REIT AG|
|Listed:||Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime Standard), Hamburg, München, Stuttgart|
|End of News||DGAP-Media|