HAMBORNER REIT AG – starting use of funds from capital increase

Press release

HAMBORNER REIT AG - starting use of funds from capital increase

Duisburg, 25 November 2010 - HAMBORNER REIT AG is making great strides in extending its growth and, as announced, is promptly starting to invest the funds from its capital increase. After reporting the transfer of ownership for the commercial property in Lemgo to our company portfolio just a few days ago, today we are able to announce the authentication of documents for another two attractive properties in Southern Germany. One of these properties is a specialist doctors centre in Regensburg in the immediate vicinity of the hospital 'Caritas Krankenhaus St. Josef'. Another is an office complex with a production and laboratory area in Brunnthal. The property is the headquarters of SFC Energy AG, the world's market leader for mobile and remote network energy supply based on fuel cell technology. The two properties with a total floor space of around 15,500 m² were purchased in a package for approximately EUR 33 million. Total rental earnings are about EUR 2.3 million and gross initial yields are hence around 7.1%. Both properties will be included in the 1^st quarter of 2011.

The previous owner and seller are project companies of Hubert Haupt Immobilien Holding, Grünwald. The properties were mediated by the estate agent Dr. Than / Marktinvest Real Estate.

HAMBORNER REIT AG plans to further expand in the asset classes Retail Trade and Office Real Estate. Since the beginning of the year HAMBORNER has been able to invest a total of around EUR 123 million in new, attractive real estate, approximately 50% of which has already been transferred. The net issue proceeds of around EUR 76 million achieved with the successfully placed capital increase provides the basis for further growth and is to be profitably invested in attractive real estate as soon as possible.

About HAMBORNER REIT AG

HAMBORNER REIT AG is a public limited company listed on the stock exchange which today works exclusively in the real estate sector and occupies a position as a portfolio holder for high-yield commercial properties. The basis of the company's sustainable rental income is a substantial real estate portfolio that is spread throughout the country. The main focus of the portfolio consists of attractive retail space in central city centre locations in Germany and resources centres. Furthermore, the property portfolio comprises highly frequented specialist stores and profitable office buildings, as well as doctors' surgeries, apartments and car parks.

Additionally, the company possesses around 2.4 million m² of undeveloped land, which is mainly located in the north of Duisburg and the neighbouring local authority districts of Dinslaken and Hünxe.

The outstanding features of HAMBORNER REIT AG are its many years of experience in the real estate and capital market, its lean and transparent corporate structure and its particular proximity to the tenants. The company is a registered Real Estate Investment Trust (REIT) and benefits at the company level from exemption from corporation and trade tax.

Press contact:
Sybille Albeser
Tel.: +49 (0)203 54405-32
Fax: +49 (0)203 54405-49
E-Mail: s.albeser@hamborner.de
Web: www.hamborner.de