Deutsche Konsum REIT-AG acquires well established 'Neiße-Center' in Guben
DGAP-News: Deutsche Konsum REIT-AG / Key word(s): Acquisition/Real Estate
Deutsche Konsum REIT-AG acquires well established "Neiße-Center" in Guben
Broderstorf, May 2nd 2017 - Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) has acquired the Neiße-Center in Guben for a purchase price of EUR 7.0m. The well-established retail-park is situated in a highly frequented retail location. Strong anchors such as Rewe, Aldi, Rossmann and Thomas Philipps undermine the property's strength. The current annual rent stands at EUR 0.9m at a WALT of roughly five years. The transfer of title is expected for the 1st of June 2017.
The Neiße-Center has a total lettable area of approx. 12,400 sqm of which 90% are currently let. The property was built in 1992 and shows itself in an above average condition. Furthermore, it is a suitable addition to one of the portfolio's existing properties.
Rolf Elgeti, CEO of Deutsche Konsum REIT-AG: "The Neiße-Center perfectly suits our investment strategy as it is a well-established and functioning retail center in Guben and its surroundings. The very attractive initial yield of around 12 % as well as the reasonable price per sqm for such a property have a value increasing effect on the overall portfolio and strengthen our FFO."
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 News||DGAP News Service|