Deutsche Konsum REIT acquired retail properties in Torgelow, Sassnitz and Leipzig

DGAP-News: Deutsche Konsum REIT-AG / Key word(s): Real Estate/Acquisition05.03.2018 / 07:00 The issuer

Deutsche Konsum REIT acquired retail properties in Torgelow, Sassnitz and Leipzig

DGAP-News: Deutsche Konsum REIT-AG / Key word(s): Real Estate/Acquisition

05.03.2018 / 07:00
The issuer is solely responsible for the content of this announcement.


Press release

Deutsche Konsum REIT acquired retail properties in Torgelow, Sassnitz and Leipzig

Broderstorf, March 5th 2018 - Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) has notarised the acquisition of three high-yield retail properties.

These comprise of a retail centre in Torgelow (Mecklenburg-Pomerania) with the anchor tenants REWE (grocery), OBI DIY store and Dänisches Bettenlager (interior supply). Total rental space of the properties which were built in 1994 and 1999 amounts to 7,500 sqm. Annualised rent is EUR 0.8 million with a WALT of 4 years (lease extension options exist).

Moreover the acquisition include a Hagebaumarkt DIY store in Sassnitz (Mecklenburg-Pomerania). It is one of two DIY stores on the island of Ruegen. The 1994 built property has a total rental space of roughly 3,300 sqm. Annualised rent is EUR 0.2 million at a WALT of 1.8 years (lease extension options exist).

Furthermore DKR acquired the Asia retail centre "Dong Xuan Market" in Leipzig (Saxony). For more than 20 years the location is a well-established retail trade centre for Asian food, textiles, gifts and other supplies for caterers and traders in the middle of Germany. The buildings have a total rental space of 8,700 sqm and the annualised rent is EUR 0.8 million. The majority of rental agreements are without expiration.

All acquired assets are fully let. The total investment volume amounts to EUR 15.9 million which implies an initial yield of more than 11.3 %. Transfer of ownership is expected to occur on May 1st 2018.

By adding these properties the current (pro forma) property portfolio of Deutsche Konsum REIT comprises of 82 retail properties with an annualised rent of EUR 29.1 million.

Deutsche Konsum remains very active in further concrete purchase processes.

About Deutsche Konsum
Deutsche Konsum REIT-AG based in Broderstorf is a listed real estate company focusing on retail properties in Germany for goods required for daily use in established micro-locations. The focus of the company's activities is on the management and development of real estate with the aim of achieving a steady increase in value and the realisation of hidden reserves. The steadily increasing current property portfolio of Deutsche Konsum comprises of 82 retail properties with an annualised rent of EUR 29.1 million.

Due to its REIT status ('Real Estate Investment Trust'), the company is exempt from corporation and trade tax. The shares of the company are listed on the Prime Standard of the Deutsche Börse (ISIN: DE 000A14KRD3).

Contact:
Deutsche Konsum REIT-AG
Stefanie Frey
Investor Relations
E-Mail: sf@deutsche-konsum.de
Phone: +49 (0) 331 74 00 76 - 533



05.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Deutsche Konsum REIT-AG
August-Bebel-Str. 68
14482 Potsdam
Germany
Phone: +49 (0)331 740076517
Fax: +49 (0)331 740076520
E-mail: ch@deutsche-konsum.de
Internet: www.deutsche-konsum.de
ISIN: DE000A14KRD3
WKN: A14KRD
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange; London


 
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