09.04.2018
Deutsche Konsum REIT-AG DE000A14KRD3
DGAP-News: 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
Deutsche Konsum REIT has extended its rental contract with real,- at the
Erfurt retail centre and increases WALT signifcantly
09.04.2018 / 07:00
The issuer is solely responsible for the content of this announcement.
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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: [email protected]
Phone: +49 (0) 331 74 00 76 - 533
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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.
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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671665 09.04.2018
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