DEMIRE sells LogPark in Leipzig for around EUR 121 million

Langen, Germany, 29 December 2022. DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) sells the LogPark logistics property in Leipzig to a German institutional investor for around EUR 121 million. LogPark has a lettable area of around 159,000 m² and, with Amazon and Momox, has two well-known main tenants with long-term leases.

Since its acquisition in 2015, DEMIRE's asset management team has developed the former Quelle distribution centre into a multi-tenant property. The logistics property is characterized by a good location with motorway and rail connection close to the city center as well as the possibility of 24/7h operation. Since the acquisition, DEMIRE has succeeded in diversifying its mix of users, reducing vacancies and establishing long-term strategic partnerships with tenants. Following Amazon's moving into additional rental space in autumn 2022, the repositioning of the logistics property has been successfully completed.

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„About DEMIRE Deutsche Mittelstand Real Estate AG

DEMIRE – REALize Potential

DEMIRE Deutsche Mittelstand Real Estate AG acquires and holds commercial real estate in mid-sized cities and up-and-coming locations bordering metropolitan areas across German. The Company's particular strength lies in realising the potential of the properties at these locations while focusing on a range of properties that appeals to both regional and international tenants. As of 30 September 2022, DEMIRE's portfolio contains of 64 assets with lettable space totalling about 1 million sqm. Including the proportionately acquired Cielo property in Frankfurt/Main, the market value amounts to so approximately EUR 1.7 billion.

The portfolio's focus on office properties with a blend of retail, hotel and logistics properties results in a return / risk structure that is appropriate for the commercial real estate segment. The Company places importance on long-term contracts with solvent tenants and the realisation of the properties' potential. DEMIRE anticipates continued stable and sustainable rental income along with solid value appreciation.

DEMIRE Deutsche Mittelstand Real Estate AG shares are listed in the Regulated Market (Prime Standard segment) of the Frankfurt Stock Exchange.”

Contact:
Julius Stinauer
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Telefon: +49 6103 372 4944
Email: [email protected]