HAMBORNER REIT AG - Sale of retail centre in Duisburg
Duisburg, 22 December 2016 - Following its acquisitions in recent weeks, HAMBORNER REIT AG has sold another property shortly before the end of the year. Having already disposed of five smaller properties in Duisburg, Dinslaken, Solingen, Kassel and Essen with intensive administration requirements that were therefore no longer consistent with strategy over the course of the 2016 financial year, the company yesterday signed the sale agreement for a retail centre in Duisburg. The property at "Kasslerfelder Kreisel" with a rental area of approximately 5,100 square meters, five tenant units and annual rental income of around EUR0.7 million was acquired by HAMBORNER immediately after its completion in 2009. The sale price amounts to EUR9.5 million. The property was sold to a company of FIM Unternehmensgruppe, Bamberg. The broker Blank Real Estate assisted HAMBORNER in marketing the property. Transfer of possession is expected to take place in the first quarter of 2017.
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:
End of Media Release
Issuer: HAMBORNER REIT AG
Key word(s): Real estate
22.12.2016 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
|Company:||HAMBORNER REIT AG|
|Listed:||Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, SIX|
|End of News||DGAP Media|