HAMBORNER REIT AG: Successful finish to year, further property transactions

HAMBORNER REIT AG: Successful finish to year, further property transactions

Duisburg, 17 December 2015 - Shortly before the end of the year, HAMBORNER REIT AG is announcing further successes in property transactions following its solid business performance to date.

The company signed the purchase agreement for the Haerder-Center in Lübeck on 16 December 2015. Built in 2008, the city centre shopping centre has a rental area of around 13,200 m² and its anchor tenants are H&M, New Yorker, REWE and mytoys in addition to smaller rental units. It will be transferred to the company's portfolio in the first quarter of 2016. The purchase price is around EUR 50 million and the gross initial yield 6.5%. The previous owner of the property was a property company of the LBBW Immobilien Group. The transaction was brokered by SQM, Münster.

Furthermore, the "T-Damm-Center" property in Berlin acquired in 2014 was transferred to the company's portfolio following its completion on 1 December 2015. The transfer of a property in Neu-Isenburg acquired in September is also planned for end of the year 2015.

With the acquisition of the Haerder Center in Lübeck, the acquisition volume in 2015 amounts to around EUR 173 million in total. HAMBORNER has therefore fully achieved its acquisition targets for 2015. The value of the portfolio at the end of the year prior to remeasurement will be around EUR 870 million and, after the addition of the Haerder Center next year, will be significantly in excess of EUR 900 million.

2015 was also a successful year in terms of the ongoing portfolio optimisation with the sale of smaller properties. Overall, eight properties were sold with a total volume of around EUR 16 million. The most recent of these sales concern properties in Duisburg/Rathausstrasse, Dinslaken/Neustrasse and Solingen/Kirchstrasse. The transfers of these three properties are planned for the first quarter of 2016. The buyer is Real Equity GmbH.

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.

PR/IR:

Sybille Schlinge
Tel.: +49 (0)203 54405-32
Fax: +49 (0)203 54405-49
E-mail: s.schlinge@hamborner.de
Web: www.hamborner.de