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HAMBORNER REIT AG / Key word(s): Enterprise/
Press release HAMBORNER REIT AG - Transfer of ownership for commercial building in Bad Homburg v.d.H. completed Duisburg, 2 March 2011 - HAMBORNER REIT AG's portfolio is continuing to grow. Today, the transfer of ownership took place for a commercial and office building in a top location in the Louisenstraße pedestrian area of Bad Homburg v.d.H. The property has lettable space of approximately 3,200 m², annual rental income of roughly EUR860,000, a total investment volume of around EUR14 million and a gross initial yield of 6.3%. Seller of this real estate is the Union Investment Real Estate GmbH, which held the object for their open property funds UniImmo: Germany since 1983. About HAMBORNER REIT AG HAMBORNER REIT AG is a listed public limited company that now operates exclusively in the property sector and is positioned as a portfolio holder for high-yield commercial properties. The company generates sustainable rental income on the basis of a solid portfolio of properties distributed throughout Germany. Attractive retail trade spaces in key city centre locations in 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 doctors' surgeries. The company also owns approximately 2.4 million m² of undeveloped land, located predominantly in Duisburg North and in the adjacent municipalities of Dinslaken and Hünxe. HAMBORNER REIT AG stands out due to many years of experience in the property 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 company level from exemption from corporation and trade tax. Investor Relations: Sybille Albeser End of Media Release 02.03.2011 Dissemination of a Press Release, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | HAMBORNER REIT AG | |
| Goethestraße 45 | ||
| 47166 Duisburg | ||
| Deutschland | ||
| Phone: | 0203/54405-0 | |
| Fax: | 0203/54405-49 | |
| E-mail: | info@hamborner.de | |
| Internet: | www.hamborner.de | |
| ISIN: | DE0006013006 | |
| WKN: | 601300 | |
| Listed: | Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime Standard), Hamburg, München, Stuttgart | |
| End of News | DGAP-Media |
| 114185 02.03.2011 |
