DGAP-News: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Real Estate WCM Beteiligungs- und Grundbesitz-AG: WCM secures acquisition of two retail parks and exclusivity to purchase a DIY store for around EUR 48 million in total 18.12.2015 / 13:34 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- WCM secures acquisition of two retail parks and exclusivity to purchase a DIY store for around EUR 48 million in total - High-profile anchor tenants already agreed for retail parks prior to completion - Retail parks expected to be completed in Q3 and Q4, with closing in H2 2016 - Closing of DIY store transaction scheduled for the end of February 2016 - Average rental yield of 6.8 percent and initial FFO yield of c. 11 percent with LTV of 55 percent - Financing of equity from available funds Frankfurt, 18 December 2015 - WCM Beteiligungs- und Grundbesitz-AG (WCM AG, ISIN:DE000A1X3X33) today announced that it has secured through notarization the purchase of two retail parks in line with its acquisition strategy. The assets in the Berlin area and Saxony-Anhalt are currently under construction and will be handed over by the third and fourth quarters of 2016 after construction works have been finalized. Food retailers REWE and ALDI will be anchor tenants in both properties. The transactions are expected to close in the third and fourth quarters of 2016, respectively. The purchase price for the two retail parks is EUR 25.8 million. The properties will have a total rental space of 13,660 square metres. On their completion, both properties will be fully let and generate an aggregated rental income of approximately EUR 1.7 million. Based on the net purchase price, the rental yield is 6.5 percent. The leases will have an average length of 12.4 years. In addition, WCM AG has been granted exclusivity to purchase one more DIY store. The property, which was built in 2012, is in an attractive location in one of Germany's strongest economic regions and will be let to a leading DIY retailer for 15 years. The projected purchase price is EUR 22.0 million and will generate a rental income of roughly EUR 1.6 million on an annualised basis, which represents an initial return of 7.1 percent. Closing of the 13,500 square metres DIY store is expected at the end of February 2016. WCM AG's most recent capital increase gives it sufficient funds to finance the equity portion of all three acquisitions. WCM AG intends to finance all assets with an average LTV of c. 55 percent, representing an average FFO yield of c. 11 percent. About WCM AG WCM Beteiligungs- und Grundbesitz-AG (WCM AG), with headquarters in Frankfurt am Main, is a specialised commercial real estate company. As a real estate proprietor, the focus is on long-term rental of high-quality office and retail properties in the major office locations in Germany. Since the operational restart in 2014, WCM AG has focused on an extensive network for the purchase of properties as well as on value-creating asset management, in order to generate attractive long-term rental income and a steady cash flow. At October 2015, the property portfolio comprised of more than EUR 500 million (including contractually secured assets). The company has extensive loss carry forwards in corporate and commercial tax. Shares in WCM AG will be listed in the SDAX of Deutsche from 21st of December onwards. Press contact: edicto GmbH Axel Mühlhaus/ Dr. Sönke Knop +49 (0) 69-905505-51 [email protected] --------------------------------------------------------------------------- 18.12.2015 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 Bleichstr. 64-66 60313 Frankfurt am Main Germany Phone: +49 (0)30 8870 476-10 Fax: +49 (0)30 8870 476-20 E-mail: [email protected] Internet: www.wcm.de ISIN: DE000A1X3X33 WKN: A1X3X33 Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Stuttgart; Regulated Unofficial Market in Munich End of News DGAP News Service --------------------------------------------------------------------------- 425067 18.12.2015