HAMBORNER REIT AG - Sale of a residential and commercial property in Wuppertal
Duisburg, 18 November 2013 - After HAMBORNER REIT AG successfully disposed of two smaller, administration-intensive properties in Moers und Oberhausen from its original portfolio because they were no longer consistent with its strategy, the company can announce the sale of one more property. The agreement for the sale of a residential and commercial property in Wuppertal was signed on 13 November 2013. The property, which has a total of six rental units and annual rental income of around EUR230 thousand, was built in 1969 and has been in the HAMBORNER REIT AG portfolio since 1988. The purchase price was around EUR2.8 million. The property was sold to a private civil law company with ownership being transferred in early 2014.
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.
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.
Tel.: +49 (0)203 54405-32
Fax: +49 (0)203 54405-49
End of Media Release
Issuer: HAMBORNER REIT AG
Key word(s): Real estate
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|Company:||HAMBORNER REIT AG|
|Listed:||Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, Hannover, München, Stuttgart|
|End of News||DGAP-Media|