60 years HAMBORNER - strong foundation based on tradition
From a local mining firm to a successful property company
18. June 1953
Company established under the name "HAMBORNER Bergbau Aktiengesellschaft".
The Company was founded on June 18, 1953 under the corporate name of “Hamborner Bergbau Aktiengesellschaft” with registered office in Duisburg. In accordance with the Articles of Association, the object of the Company was: “Coal mining and processing of its products, including the refinement and conversion of the coal and coal chemicals as well as the marketing of these products; the execution of associated transactions of any kind”.
Company listed on the stock exchange.
28. November 1969
Mining activities incorporated into the then Ruhrkohle AG.
In 1969, the Company contributed its mining activities into the former Ruhrkohle AG. Liabilities connected with the mining activities that had not come into existence until that date were only transferred insofar as provisions had not been made. Liabilities in connection with possible subsidence damages, which exceeded the provisions in the contribution balance sheet in the amount of, at that time, around DM 5 million, remained with the Company. As of March 31, 2012, the provisions made for that amounted to TEUR 1,565.
HAMBORNER continues as an asset management an property company.
Special securities fund "SÜDINVEST 107" set up as a further business segment.
In 1990, the shares which had directly been held by the Company were implemented into the special stock fund Südinvest 107. The regrouping took place following the amendment of the German Investment Companies Act (Gesetz über Kapitalanlagegesellschaften, “KAGG”) as of March 1, 1990, with which the purpose limitation of special funds was revoked. Profits resulting from the regrouping which were made after the contribution into the fund remained tax free at the level of the shareholder for as long as the profits were reinvested in the fund. The units in this special fund were returned in 2007 and the fund was liquidated.
In 1991, the Company changed its corporate name to “Hamborner Aktiengesellschaft”.
HSH-Real Estate AG acquires 50.47% of the share capital.
In the context of a voluntary takeover offer in accordance with the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, “WpÜG”), subsidiaries of the former HSH N Real Estate AG (now HSH Real Estate AG) acquired, in 2007, a total of 50.47% of the share capital of the Company, in particular from the former principal shareholder Thyssen’schen Handelsgesellschaft mbH, as well as from other shareholders.
Strong focus on the REIT transformation
In the following period the Company focused on its conversion into a REIT stock corporation and divested all activities that were not compatible with the REIT status or its REIT strategy. Therefore, it returned its shares in the special stock fund Südinvest 107. Subsequently, inter alia, a minor portfolio consisting of residential properties, as well as the shares in Wohnbau Dinslaken GmbH and in Montan GmbH Assekuranz Makler were sold.
The amendments to the Articles of Association for conversion to REIT status are resovled.
On June 9, 2009, the General Meeting of the Company resolved all amendments to the Articles of Association required for the conversion into a REIT corporation, subject to the condition that the prerequisites for the conversion into a REIT were only created in 2010 and that the amendments to the Articles of Association were only entered into the Commercial Register without undue delay upon expiry of December 31, 2009. On December 16, 2009, the merger of Hambornberg Immobilien- und Verwaltungs-GmbH with registered office in Duisburg into the Company was registered with the commercial register. Since then, the Company has no longer any group companies. On June 8, 2009, the shares of HAMBORNER were admitted to Prime Standard.
Verschmelzung der Hambornberg Immobilien- und Verwaltungs-GmbH auf die HAMBORNER AG.
Die Gesellschaft hat nun keine Tochterunternehmen mehr.
01. January 2010
REIT status obtained with retrospective effect from 1 January.
The Company’s new corporate name “HAMBORNER REIT AG” was registered with the Commercial Register on February 18, 2010. The Company obtained REIT status, which applies retroactively as of January 1, 2010. On February 22, 2010, the shares of the Company were admitted to the REIT segment of Deutsche Börse AG.
21. March 2011
HSH Real Estate transfers around 12 million HAMBORNER shares.
With effect from February 28, 2011, HSH Real Estate AG withdrew as the Company’s largest shareholder at the time; the approximately 12 million shares held directly and indirectly by it were sold in the context of a secondary placement. On March 21, 2011, Deutsche Börse included the Company in the German small cap index SDAX.
19. March 2012
Inclusion in the FTSE EPRA/NAREIT Developed Europe Index.
The shares of HAMBORNER REIT AG were included in the FTSE EPRA/NAREIT Developed Europe Index on March 19, 2012. The European Public Real Estate Association (EPRA) is a Brussels-based organization which represents the interests of listed European real estate companies in the public sphere and supports the development and market presence of German real estate public limited companies. The associated index FTSE EPRA/NAREIT Developed Europe includes Europe’s largest real estate companies.
Next step for growth: Two capital increases in February and July.
In total 16,509,280 new shares and net issue proceeds of around €143 million.
27 September 2016
Capital increase forms the basis for further Growth
Issue of 17.7 million new shares and net issue proceeds of around €162 million.
31 December 2016
Portfolio exceeds one-billion-euro level
As of 31 December 2016 the total value of the HAMBORNER portfolio rose to over 1 billion Euro for the first time.