HAMBORNER REIT AG signs purchase agreement for administrative centre in Aachen
Duisburg, 02 June 2014 - In the last few days, HAMBORNER REIT AG has signed an agreement to buy an office property in Aachen. The five-story administrative centre is part of an urban development a few kilometres from Aachen's city centre and is currently under construction. When completed at the end of this year, the property will have a rental area of around 10,000 square metres. The main tenant with a long-term lease is a public sector facility. The purchase price is around EUR27 million and the gross initial yield will be approximately 6.33%. Ownership is expected to transfer at the start of 2015. The broker was JLL.
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.
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|