HAMBORNER REIT AG / Key word(s): Enterprise/
HAMBORNER REIT AG - Investment in Sustainability
- Purchase agreement assigned for NuOffice in Munich/Schwabing developed by Hubert Haupt
- Striving for LEED platinum certification
- Handover planned for 2013
It is planned that the NuOffice will receive LEED platinum certification and will therefore be one of the first properties in Germany in this top category. The LEED certification system from the US stands for Leadership in Energy and Environmental Design. For more than 15 years, this process has set global standards for the development and planning of what are known as green buildings - buildings that satisfy high ecological requirements. The NuOffice was developed in cooperation with the Fraunhofer Institute and, once completed, will satisfy the energy standard for the year 2050.
Construction has begun on the first phase that will later offer rental space of around 12,000 m²; completion is scheduled for the third quarter of 2012. As main tenants Esteé Lauder, McLaren and Milon could be acquired. This pioneering property is being developed and sold by a real estate company owned by Hubert Haupt Immobilien Holding from Grünwald near Munich. It has an investment volume of around EUR40 million. The gross initial yield will be almost 6%, the internal rate of return around 8%.
'We are delighted to be able to send a signal with this property,' commented the members of HAMBORNER's Managing Board Hans Richard Schmitz and Dr. Rüdiger Mrotzek. 'The issues of sustainability and certification will play a much more important role in future, especially for office properties. We will also be taking this fact into account more in our acquisitions as we move forwards. The NuOffice is defined by ecology and economy. Thus, this core property is an ideal supplement to the HAMBORNER portfolio.'
About HAMBORNER REIT AG
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.
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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|