HAMBORNER REIT AG sells three properties no longer consistent with strategy in Krefeld, Duisburg and St. Augustin
Duisburg, 06 October 2015 - After acquiring six properties in Aachen, Celle Fürth, Gießen, Ditzingen and Neu-Isenburg with a total volume of around EUR 149 million this year, HAMBORNER REIT AG has sold three small properties no longer consistent with strategy to an institutional investor in the last few days. These were a high street store in Duisburg (Fischerstrasse 91+93), a property in a small commercial area in Krefeld (Emil-Schäfer-Strasse 22-24) and an industrial building in a commercial area in St. Augustin (Einsteinstrasse 26). The total sale price is around EUR 5.8 million and therefore EUR 2.9 million higher than their residual carrying amount. Ownership is expected to transfer in the fourth quarter 2015.
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.
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Issuer: HAMBORNER REIT AG
Key word(s): Real estate
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|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|