HAMBORNER REIT AG - Sale of an office and commercial property in Essen
Duisburg, 12 May 2016 - HAMBORNER REIT AG is systematically driving the optimisation of its real estate portfolio. It has sold another smaller, administration-intensive property that is no longer consistent with its strategy. The sales contract of an office and commercial property in Essen was signed on 10 May 2016. The property, which has a rental area of around 2,300 square metres, nine rental units and annual rental income of around EUR267,000, has been owned by HAMBORNER REIT AG since 1982. The selling price is approximately EUR3.26 million. The buyer of the property is a private investor. Transfer of possession is expected to take place in the second half of 2016.
About HAMBORNER REIT AG
HAMBORNER REIT AG is a stock exchange-listed public limited company that 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.
Investor Relations & Public Relations:
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Issuer: HAMBORNER REIT AG
Key word(s): Real estate
|Company:||HAMBORNER REIT AG|
|Listed:||Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart|
|End of News||DGAP Media|