HAMBORNER REIT AG still on track for growth - Purchase agreement signed for property in Münster
Duisburg, 15 February 2016 - HAMBORNER REIT AG is advancing the expansion and optimisation of its portfolio in 2016 as well and has signed the purchase agreement for another office property in Münster.
The property being acquired is located in the Loddenheide industrial area, a central and established office location in Münster. It is the fourth section of Deilmann Park, with a rental area of around 3,300 m2. It is a good companion piece to the neighbouring sections one to three, which HAMBORNER REIT AG acquired in 2009.
The seller of the property is the Deilmann planning company from Münster, which also sold the sections referred to above as well as the office property at Münster Technology Park in 2007. The purchase price is around EUR6.5 million with a gross initial yield of 6.8%. The total volume of the Deilmann Park property is therefore around EUR30 million.
The main tenant of the property is the FOM College of Economy and Management, to which HAMBORNER has already rented space in Bremen's Linzer Strasse property.
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.
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End of Media Release
Issuer: HAMBORNER REIT AG
Key word(s): Real estate
2016-02-15 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|
|End of News||DGAP Media|