Deutsche Konsum REIT-AG / Key word(s): Acquisition/Real Estate
Insider information acc. to art. 17 MAR - Ad hoc
Deutsche Konsum REIT-AG acquires additional portfolio of six retail properties
Broderstorf, 8th of Mai 2017 - Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) has acquired an additional portfolio of six retail properties for EUR 26.5m. The portfolio comprises the following well-established retail locations:
- Hypermarkt in Meißen (surroundings of Dresden) with a rental space of approx. 24,200 sqm and Kaufland as anchor,
- Hypermarkt in Plauen (surroundings of Zwickau) with a rental space of approx. 24,000 sqm and Kaufland as anchor,
- Shopping Centre in Tangerhütte (surroundings of Magdeburg) with a rental space of approx. 2,600 sqm and Edeka as anchor.
- Shopping Centre in Limbach-Oberfrohna (surroundings of Chemnitz) with a rental space of approx. 1,800 sqm and Diska (Edeka) as anchor,
- Grocery Store in Sondershausen (surroundings of Erfurt) with a rental space of approx. 1,100 sqm with the tenant Tegut and
- Discount-Grocery in Eisenhüttenstadt (Brandenburg) with a rental space of approx. 1,000 sqm with Netto as tenant.
The properties were built between 1992 and 2006 and present themselves in a good condition. The total rental space amounts to approx. 54,700 sqm. Based on the current tenancy the portfolio realizes an annual rent of EUR 3.3m at a WALT of 4.3 years. Currently the vacancy rate lies at approx. 29% but should be swiftly reduced with the planned measures of revitalization. The transfer of title is expected for the 1st of July 2017.
Along with the recently acquired properties in Guben and Oer-Erkenschwick the portfolio of Deutsche Konsum REIT-AG (after transfer of titles) comprises 62 retail properties with a total rental space of 330,000 sqm and an annualized total rent of around EUR 24.5m. The company currently is in negotiations regarding further acquisitions.
Please find more information about Deutsche Konsum REIT-AG on our website www.deutsche-konsum.de .
Deutsche Konsum REIT-AG
|Company:||Deutsche Konsum REIT-AG|
|Phone:||+49 (0)331 740076517|
|Listed:||Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange|
|End of Announcement||DGAP News Service|