21.03.2018
Deutsche Konsum REIT-AG DE000A14KRD3
DGAP-News: Deutsche Konsum REIT acquired three retail properties in Saxony, Brandenburg and Baden-Wuerttemberg
DGAP-News: Deutsche Konsum REIT-AG / Key word(s): Real Estate/Acquisition
Deutsche Konsum REIT acquired three retail properties in Saxony, Brandenburg
and Baden-Wuerttemberg
21.03.2018 / 07:00
The issuer is solely responsible for the content of this announcement.
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Press release
Deutsche Konsum REIT acquired three retail properties in Saxony, Brandenburg
and Baden-Wuerttemberg
Broderstorf, 21 March 2018 - Deutsche Konsum REIT-AG (ISIN DE000A14KRD3)
continues its growth rapidly and has notarised the acquisition of three
further high-yield retail properties.
These comprise of the retail centre "Pleissen-Center" in Werdau nearby the
city of Zwickau (Saxony). Total rental space of this property amounts to
39,000 sqm and is occupied at 95%. Anchor tenants are Kaufland
(hypermarket), Möbel Roller (furnishings) and a car components supplier. The
annualised rent is EUR 2.3 million with a WALT of circa five years.
Moreover the acquisition include the locally established retail centre
"Anger Zentrum" in Angermünde (Brandenburg). The centre has a total rental
space of roughly 4,900 sqm and is fully let. Anchor tenants are Norma
(grocery), a local bank and a pharmacy as well as several other medical
offices and health care services. The 1994 built property has an annualised
rent of circa EUR 0.4 million.
The third property is an EDEKA Cash & Carry wholesale market in Pfullingen
(Baden-Wuerttemberg). The market has a rental space of circa 3,500 sqm and
is fully let. Annualised rent amouts to EUR 0.2 million at a WALT of circa
five years.
The total investment volume for all three properties amounts to EUR 25.6
million which implies an initial yield of 11.2 %. Transfer of ownership is
expected to occur on 1 May 2018.
Including the latest acquisitions the current (pro forma) property portfolio
of Deutsche Konsum REIT comprises of 85 retail properties with an annualised
rent of EUR 32.0 million.
Due to a remaining strong acquisition pipeline Deutsche Konsum expects
further acquisitions in the short run.
Rolf Elgeti, CEO: "With the recent acquisitions we have added further strong
properties to our portfolio and invested further funds very accretively for
our shareholders. We want to exploit the current acquisition momentum and
expect a further strong growth in the current financial year."
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 85
retail properties with an annualised rent of EUR 32.0 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: [email protected]
Phone: +49 (0) 331 74 00 76 - 533
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21.03.2018 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: [email protected]
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
End of News DGAP News Service
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666489 21.03.2018
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