Deutsche Konsum REIT-AG acquires four retail properties with anchor tenant REWE Group

DGAP-News: Deutsche Konsum REIT-AG / Key word(s): Real Estate/Acquisition12.09.2017 / 15:53 The issuer

Deutsche Konsum REIT-AG acquires four retail properties with anchor tenant REWE Group

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

12.09.2017 / 15:53
The issuer is solely responsible for the content of this announcement.


Press Release

Deutsche Konsum REIT-AG acquires four retail properties with anchor tenant REWE Group


Broderstorf, September 12th 2017 -Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) has notarised the acquisition of four retail properties.

These properties comprise the retail centre "Luisencenter" in Hettstedt (Saxony-Anhalt) as well as two supermarkets in the cities of Kelbra (Saxony-Anhalt) and Schwerte (Northrhine-Westphalia). All properties are let to the anchor tenant Penny Markt (REWE Group). Moreover, the company has acquired a small retail centre in Langenwolschendorf (Thuringia) with anchor tenants REWE and TEDi. Transfer of titles of all properties is expected to occur on 1 November 2017.

The total rental space of all four retail properties amounts to 8,000 sqm and is fully let. Annualised rent of these four assets currently amounts to kEUR 660. Regarding the total investment of EUR 5.8 million this leads to an initial yield of 11.4 %.

Taking into account these acquisitions the current property portfolio of Deutsche Konsum (pro forma) comprises 65 retail properties with an annualised rent of EUR 25.5 million.

Moreover, Deutsche Konsum is active in concrete purchase processes which shall be closed successfully during the fourth quarter 2017.

Please find more information about Deutsche Konsum REIT-AG on our website www.deutsche-konsum.de.


Contact:

Deutsche Konsum REIT-AG
Tel. 0049 (0)331 / 74 00 76 -517
Fax 0049 (0)331 / 74 00 76 - 520
Email: info@deutsche-konsum.de



12.09.2017 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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