HAMBORNER REIT AG / Key word(s): Enterprise/
HAMBORNER REIT AG - Properties in Leipzig and Regensburg further expand HAMBORNER portfolio
Duisburg, Germany, 31 March 2011 - Today HAMBORNER REIT AG added two additional properties to its portfolio for which the contracts were signed last year.
One property is an OBI DIY store built in 2010 in the immediate vicinity of the Leipzig main rail station and has lettable space of around 11,000 m². Annual rental income is about EUR 890 thousand, the investment volume roughly EUR 11.6 million and the gross initial rate of return 7.6%. The seller is a project company of the Ten Brinke Group from the Netherlands.
The other addition to the portfolio is a transfer of ownership of a specialist medical centre in Regensburg. The purchase price is EUR 21 million and the gross initial rate of return 6.8%. The building was constructed in 2007 and has a total lettable area of around 8,800 m². It is in the immediate vicinity of the Caritas hospital of St. Josef. The seller is a project company of Hubert Haupt Immobilien Holding, Grünwald.
This makes four properties with a volume of approximately EUR 58 million that have been transferred to the HAMBORNER portfolio in the first three months of the year. As of 31 March 2011 the company has 66 properties worth around EUR 435 million in total. Other investments are being reviewed. Two purchase agreements for properties in Erlangen and Freiburg have already been signed.
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|