Deutsche Konsum REIT has extended its rental contract with real,- at the Erfurt retail centre and increases WALT signifcantly

DGAP-News: Deutsche Konsum REIT-AG / Key word(s): Real Estate/Acquisition09.04.2018 / 07:00 The issuer

Deutsche Konsum REIT has extended its rental contract with real,- at the Erfurt retail centre and increases WALT signifcantly

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

09.04.2018 / 07:00
The issuer is solely responsible for the content of this announcement.


Press release

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
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 86 retail properties with an annualised rent of EUR 33.9 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 Boerse (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



09.04.2018 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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