HAMBORNER REIT AG signs purchase agreement for retail property in Berlin
Duisburg, 31 January 2017 - Following the portfolio growth at the beginning of the year, HAMBORNER REIT AG is announcing another property transaction and adding a modern, large-scale retail property to its portfolio. The company yesterday signed the purchase agreement for a commercial centre in the Berlin district of Marzahn-Hellersdorf.
The property, which was built in 2006, is located on the main traffic artery of Märkische Allee and benefits from its direct proximity to a large residential area. It has a rental area of around 6,500 square metres and around 280 parking spaces. The main tenant is the food retailer Kaufland. Other smaller units are let to a pharmacy, a hair salon and a home care service. The weighted remaining term of the leases is around nine years. With annual rental income of EUR0.9 million, the gross initial yield is 5.3%. The transfer of possession is scheduled for the end of the first quarter of 2017.
The seller of the property is a foreign fund advised by LaSalle Investment Management. The transaction was brokered by BNP Paribas Real Estate.
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
31.01.2017 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|