HAMBORNER REIT AG: Portfolio value of around EUR500 million – Handover of new E-Center in Freiburg

HAMBORNER REIT AG: Portfolio value of around EUR 500 million - Handover of new E-Center in Freiburg

Duisburg, 3 November 2011 - HAMBORNER REIT AG has added a further property to its books. Following a construction phase of around twelve months, the E-Center acquired in Freiburg last year was today - several months earlier than originally planned - declared open in a ceremony by EDEKA, thereby meeting the last requirements for its addition to the HAMBORNER portfolio. An existing EDEKA supermarket at the same location was demolished and replaced by a new building with total usable space of around 4,000 square metres. The property has a gross initial yield of around 7.5%; the lease has a term of 18 years plus options. The seller was EDEKA Grundstücksverwaltungsgesellschaft mbH. The transaction was already notarised on 10 May 2010 with a purchase price of around EUR11.4 million.

The portfolio of HAMBORNER REIT AG therefore currently has a value of around EUR500 million. It also has signed agreements in place for an OBI DIY store in Aachen and the state-of-the-art office property 'NuOffice' in Munich with a total additional volume of approximately EUR55 million. These properties are currently under construction and will be transferred to the company on completion in 2012 and 2013 respectively.

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.

Contact:
Sybille Albeser
Tel.: +49 (0)203 54405-32
Fax: +49 (0)203 54405-49
E-Mail: s.albeser@hamborner.de
Web: www.hamborner.de