27.09.2016
DEMIRE Deutsche Mittelstand Real Estate AG DE000A0XFSF0
DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG: DEMIRE sells three retail properties in North Rhine-Westphalia for a profit
DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Real
Estate/Miscellaneous
DEMIRE Deutsche Mittelstand Real Estate AG: DEMIRE sells three retail
properties in North Rhine-Westphalia for a profit
27.09.2016 / 07:39
The issuer is solely responsible for the content of this announcement.
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DEMIRE sells three retail properties in North Rhine-Westphalia for a profit
Frankfurt am Main, 27 September 2016 - DEMIRE Deutsche Mittelstand
Real Estate AG (ISIN: DE000A0XFSF0) has sold three retail properties it no
longer considered part of subgroup Fair Value REIT's core portfolio for a
profit. The properties are located in Ahaus-Wüllen and Lippetal-Herzfeld,
all of them in the state of North Rhine-Westphalia.
The two properties in Ahaus-Wüllen are mainly used by a Kaufland
hypermarket and were sold to a company of the Kaufland Group. At a total of
EUR 5.5 million, the sale proceeds for the two properties before marketing
costs exceeded the current carrying amounts by an aggregated 18%.
The property in Lippetal-Herzfeld is a mixed use building with a REWE
supermarket as a long-term main tenant, which was acquired by private
investors. Sales proceeds of EUR 1.8 million matched the current carrying
amount.
Frank Schaich, CFO of DEMIRE and also CEO of Fair Value REIT-AG, commented
on the transactions: "The two transactions are in line with our strategic
objective of either selling or taking over direct ownership of properties
previously held indirectly in order to further simplify our group structure
and save costs. We are therefore delighted with the excellent result."
Contact
DEMIRE Deutsche Mittelstand Real Estate AG
Lyoner Straße 32
60528 Frankfurt am Main
Telefon: +49 (0) 69-719 189 79 0
Telefax: +49 (0) 69-719 189 79 11
E-Mail: [email protected]
Web: www.demire.ag
Investor Relations
GFEI Aktiengesellschaft
Lars Kuhnke
Telefon: +49 (0) 511 47 40 23 10
E-Mail: [email protected]
_______________________________________
About DEMIRE - First in secondary locations
DEMIRE Deutsche Mittelstand Real Estate AG has commercial real estate
holdings in mid-sized cities and up and coming areas bordering German
metropolitan areas. As at June 30, 2016, DEMIRE held real estate consisting
of 178 properties with a market value of EUR 982 million. As at the
reporting date, contractual rents had been firmly agreed upon in the amount
of EUR 74.2 million (at an occupancy rate of 87.8 % of the potential rents
of EUR 84.5 million) for a term of 5.4 years.
DEMIRE aims to maintain its corporate organisation as lean as possible,
although it still believes that economies of scale and portfolio
optimisation are best achieved by having its own in-house asset, property
and facility management. This safeguards the Company's business expertise
and, equally important, allows the Company to maintain direct contact with
the customer.
DEMIRE Deutsche Mittelstand Real Estate AG shares (ISIN: DE000A0XFSF0) are
listed in the Prime Standard segment of the Deutsche Börse in Frankfurt.
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27.09.2016 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: DEMIRE Deutsche Mittelstand Real Estate AG
Lyoner Straße 32
60528 Frankfurt am Main
Germany
Phone: +49 (0)69 / 719 189 79 0
Fax: +49 (0)69 / 719 189 79 11
E-mail: [email protected]
Internet: www.demire.ag
ISIN: DE000A0XFSF0
WKN: A0XFSF
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard);
Regulated Unofficial Market in Dusseldorf, Stuttgart,
Tradegate Exchange
End of News DGAP News Service
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505787 27.09.2016
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