HAMBORNER REIT AG: Purchase agreement signed for office/retail property in Bayreuth

HAMBORNER REIT AG - Purchase agreement signed for office/retail property in Bayreuth

- Investment volume of around EUR19 million

- Gross initial yield of 7.15%

- Average remaining term of leases of around seven years

Duisburg, 15 April 2013 - HAMBORNER REIT AG has signed a purchase agreement for a mixed-use office and retail property in Bayreuth. The winning location on Spinnereistrasse is conveniently located and close to the city centre, and is one of the top office locations in Bayreuth.

The property being acquired comprises two buildings directly facing each other with a total rental area of around 8,500 m². The properties, which date from 2009, are around 84% let to office users and doctors; the retail share accounts for around 16%. The anchor tenants include the Bayreuth job centre, the laboratory diagnostics provider Synlab Weiden, the Siemes shoe centre and Deutsche Apotheker- und Ärztebank. The annual rental income for the property amounts to around EUR1.4 million; the weighted remaining term of the leases is around seven years.

The property is being sold by a private property company from Pöcking, the broker was Colliers. The purchase price is around EUR19 million and the gross initial yield will be approximately 7.15%. It is planned that ownership of the property will be transferred before the end of the first half of the year.

Following the transfer of the properties in Munich and Berlin, HAMBORNER REIT AG currently has a portfolio of 71 properties at 53 locations with a total value of around EUR655 million. The agreements already signed for a property in Hamburg and now the Bayreuth property as well will increase the value of the portfolio by a further EUR36 million in the coming months.

About HAMBORNER REIT AG

HAMBORNER REIT AG is a stock exchange-listed public limited company that today exclusively operates in the property sector and is positioned as a portfolio holder for high-yielding commercial properties. The company has sustainable rental incomes, with a nationally-dispersed substantial property portfolio as its foundation. Attractive retail trade spaces in key town centre sites of 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 spaces for medical practices.

Furthermore, the company still has approximately 0.9 million m² of undeveloped land areas, which are located predominantly in Duisburg North and in the adjacent municipalities of Dinslaken and Hünxe.

HAMBORNER REIT AG stands out due to its many years of experience in the property and capital market, its lean and transparent corporate structure as well as its special proximity to the tenants. Since February 18, 2010 HAMBORNER has been a registered Real Estate Investment Trust (REIT) and benefits at company level from exemption from corporation and trade tax.

Contact:

Sybille Schlinge
Tel.: +49 (0)203 54405-32
Fax: +49 (0)203 54405-49
E-mail: s.schlinge@hamborner.de
Web: www.hamborner.de