DGAP-News: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Real Estate/Acquisition WCM Beteiligungs- und Grundbesitz-AG: WCM acquires further retail portfolio and increases NAV and FFO significantly 11.11.2016 / 08:31 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- WCM acquires further retail portfolio and increases NAV and FFO significantly - Acquisition of three retail centres with rental space of 88,000 square metres for EUR 98.2 million - Annualised rental income of EUR 7.6 million and annualised Funds from Operations (FFO) of around 4.2 million - EPRA vacancy rate of 7 percent with leading grocery chain as anchor tenant for all locations with a WALT of 6.1 years - Pro forma portfolio value increases to around 766 EUR million - EPRA NAV per share of minimum 2.85 Euro pro forma the acquisition - Annualised FFO I of around 25.5 million Frankfurt am Main, 11 November 2016 - WCM Beteiligungs- und Grundbesitz-AG (WCM AG, ISIN: DE000A1X3X33) further expands its asset base through the acquisition of a retail portfolio. In the federal states of Baden- Wuertemberg and Saxony-Anhalt three retail centres were acquired with a total rental space of 88,000 square metres for a net purchase price of EUR 98.2 million. With an EPRA vacancy rate of 7 percent the newly acquired portfolio generates annualised rental income of around EUR 7.6 million. The implied gross initial yield is 7.7 percent. Anchor tenant on all three locations is a leading food retail chain. The weighted average lease time (WALT) for the anchor tenant stands at 6.1 years, for the newly acquired portfolio at a total WALT of 5.6 years. The acquisition is planned to be financed via a combination of existing cash and mortgage lending. The Funds from Operations (FFO) amounts to around EUR 4.2 million. The closing is expected within the first quarter 2017. Acquisition increases EPRA NAV and FFO significantly With this acquisition WCM increases the portfolio value to around EUR 766 million with an annualised rental income of EUR 46.0 million and an annualized FFO I of around 25.5 million. The weighted average lease time (WALT) of WCM's pro forma portfolio amounts to 8.5 years with a EPRA vacancy of 4.7%. Including the acquisition announced by press release on 27 September 2016, which is expected to close this year and the announced acquisition today, the management of WCM expects the EPRA NAV/share to rise to a minimum of EUR 2.85. The pro forma average cost of debt is anticipated to be below 2.0% with an average remaining maturity of over 6 years. About WCM 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 acquisition of properties as well as on value-creating asset management, in order to generate attractive long-term rental income and a steady cash flow. The portfolio has a gross asset value of clearly more than EUR 700 million. The company has extensive loss carry forwards in corporate and commercial tax. Shares of WCM AG are listed in the SDAX of Deutsche Boerse since 21 December 2015. Press contact: edicto GmbH Axel Mühlhaus/ Dr. Sönke Knop 069-905505-51 [email protected] --------------------------------------------------------------------------- 11.11.2016 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 --------------------------------------------------------------------------- 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 Frankfurt (Prime Standard), Hamburg, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 519805 11.11.2016