DGAP-News: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Real Estate WCM signs agreement to purchase Rhein-Main and Dresden commercial property portfolio 06.07.2015 / 20:27 --------------------------------------------------------------------- WCM signs agreement to purchase Rhein-Main and Dresden commercial property portfolio - Annual rental income of approx. EUR 9.9 million - Rental yield amounts to approx. 9 percent per year - WCM's portfolio build-up continues at a dynamic pace Frankfurt, 6 July 2015 - WCM Beteiligungs- und Grundbesitz-AG (WCM AG, ISIN: DE000A1X3X33) announced that the agreement to purchase the commercial portfolio comprising 16 properties in the Rhine-Main area and in Dresden was notarised today. The acquisition of this portfolio was reported previously in an ad-hoc release dated 24 April 2015. The commercial property portfolio is being sold by two Danish subsidiaries of two Norway-based property companies. With this transaction, WCM AG continues to expand its portfolio in line with its strategy by adding properties that generate a strong and steady cash flow. The acquired portfolio comprises 16 office and retail properties with rental space of around 88,800 square metres. The current occupancy rate is around 90 percent and annualised rental income amounts to approx. EUR 9.9 million. The rental yield based on the net purchase price at the time of acquisition is around 9 percent. The net purchase price on a 100 percent basis is approx. EUR 113 million. The closing of the transaction is expected for October 2015. With this transaction, the portfolio build-up of WCM AG continues at a dynamic pace. Including the other planned and announced property acquisitions, the future portfolio of WCM AG comprises a total of 51 properties with a market value on a 100 percent basis of around EUR 437 million. In the medium term, WCM aims to build up a portfolio worth more than EUR 1 billion. About WCM AG Reflecting its strategic realignment implemented in 2014, WCM Beteiligungs- und Grundbesitz-AG (WCM AG) intends to position itself as one of the leading commercial property companies in Germany. As a holder of office and retail properties with a focus on major office locations, the company is on a dynamic growth path. In the mid-term WCM AG plans to build a portfolio with a value exceeding EUR 1 billion. The company utilises a comprehensive network for the acquisition of properties and value-enhancing portfolio management in order to generate long-term attractive rental income and a steady cash flow. WCM AG also intends to leverage further opportunities offered by the property market. The company's management, headed by CEO Stavros Efremidis, has extensive experience in the German property market in connection with the acquisition and management of properties and many years of capital market experience. The company has substantial corporate and trade tax loss carry-forwards Press contact: edicto GmbH Axel Mühlhaus/ Dr. Sönke Knop 069-905505-51 [email protected] --------------------------------------------------------------------- 06.07.2015 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. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: WCM Beteiligungsund Grundbesitz-AG Friedrich-Ebert-Anlage 36 60325 Frankfurt am Main Germany Phone: +49 (0)69 244 333 199 Fax: +49 (0)3212/4243 773 E-mail: [email protected] Internet: www.wcm.de ISIN: DE000A1X3X33 WKN: A1X3X33 Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard), Hamburg, Stuttgart; Regulated Unofficial Market in Munich End of News DGAP News-Service --------------------------------------------------------------------- 375649 06.07.2015