DGAP-News: Deutsche Konsum REIT-AG / Key word(s): Real Estate/Acquisition
Deutsche Konsum REIT has extended its rental contract with real,- at the Erfurt retail centre and increases WALT signifcantly
Broderstorf, 9 April 2018 - Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) has prolonged one of its major lease contracts with real,- (hypermarket) in Erfurt prematurely by 15 years.
The previous rental contract of the Erfurt retail centre which was about to terminate on 31 March 2019 has been prolonged until 31 March 2033 and comprise a total rental space of about 13,000 sqm. Moreover there are prolongation options for a total period of additional 15 years concluded.
Together with other rental contract prolongations as well as transfers of ownership of acquisitions occured in the 2nd quarter of the 2017/2018 FY Deutsche Konsum's WALT has significantly increased to 5.1 years as at 31 March 2018 (31 December 2017: 4.5 years).
About Deutsche Konsum
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 Boerse (ISIN: DE 000A14KRD3).
|Company:||Deutsche Konsum REIT-AG|
|Phone:||+49 (0)331 740076517|
|Fax:||+49 (0)331 740076520|
|Listed:||Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange; London|
|End of News||DGAP News Service|