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HAMBORNER REIT AG is a stock corporation listed in the SDAX. It operates exclusively in the property sector and has positioned itself as an asset manager of commercial properties. The company has a diversified real estate portfolio consisting of retail properties with a focus on local services in central city locations, district centres or highly frequented suburban locations in large and medium-sized German cities. In addition, the company has a portfolio of modern office properties in established locations.
Along with the efficient management and further development of its property portfolio, the growth-oriented corporate strategy at HAMBORNER REIT AG targets yield-driven expansion of the existing commercial property portfolio.
The profitability of the real estate portfolio is to be secured in the long term by acquiring properties with an attractive risk/return profile. As part of its portfolio expansion, the company's strategic focus is on retail properties in the area of extended local supply and on DIY stores.
In addition to core properties with high location and building quality and long-term leases, the company intends to make investments in the core plus segment in future, which offers additional return and value potential at moderate risk.
In addition, there are plans to continue adding selected manage to core properties with increased rental, modernisation or repositioning requirements in order to leverage existing optimisation and value development potential, taking into account the available expertise. The defined target ratio for manage to core properties is 10% - 20% of the total portfolio volume.
The target volume for investments in retail properties is generally between €3m and €80m. In the case of attractive investment opportunities, purchases may also take the form of portfolio transactions.
Please find further information on the acquisition strategy here:
In its investment activities, the company one the one hand focuses on locations in metropolitan regions of Germany that have attractive growth prospects in terms of their economic and demographic circumstances. These include not only larger cities and urban agglomerations, but also parts of the often prosperous surrounding areas, which offer attractive investment opportunities, particularly in the local supply and food retail sectors.
In addition to the existing focus on metropolitan regions, attractive medium-sized and larger towns as well as rural main supply locations are to be given greater consideration in future in order to tap into additional market potential.
The broader regional focus gives the company additional flexibility in selecting properties and continuing its growth trajectory.
Acquisition profileIn addition to regional differentiation, the company also intends to further diversify its tenant structure. Alongside established, creditworthy chains from the food retail and DIY sectors, complementary concepts in the areas of local supply and specialty retail will be added to the portfolio. This particularly includes additional providers from the FMCG (Fast Moving Consumer Goods) and FMCG-related segments, whose business models are based on the regular, short-term demand for everyday goods and are characterised by high customer traffic as well as sustainably stable revenue structures.
In addition to the yield-oriented expansion of the portfolio through new acquisitions, HAMBORNER REIT AG's strategy envisages the ongoing development of the existing portfolio. In particular, this includes the regular risk/return analysis of properties and the identification and realisation of existing value potential, including property disposals.
Against the backdrop of structural changes in the office market, particularly as a result of shifts in working models, demographic changes, increasing digitalisation and the use of artificial intelligence, the company intends to reduce the share of office properties in its total portfolio volume to 10% – 20% in the medium term as part of its strategic focus on retail properties. The adjustment is intended to be carried out gradually and in a results- and value-optimized manner, through selective disposals and the reallocation of the released capital into retail properties.
Depending on further developments in the office market and the transaction environment, the company reserves the right to further reduce the office share of its portfolio over the long term. By reducing the office share and focusing more strongly on retail properties, the company aims to further strengthen its earnings and risk profile and make targeted use of the growth potential it has created in recent years.
