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Deutsche Konsum REIT-AG
M&A Activity • Aug 16, 2018
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M&A Activity
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News Details
Corporate | 16 August 2018 07:00
Deutsche Konsum REIT acquires two additional properties for EUR 12 million
DGAP-News: Deutsche Konsum REIT-AG / Key word(s): Real Estate/Acquisition
16.08.2018 / 07:00
The issuer is solely responsible for the content of this announcement.
Press Release
Deutsche Konsum REIT acquires two additional properties for EUR 12 million
Broderstorf, 16 August 2018 – Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) has acquired two more high-yield properties with notarisations yesterday.
The first property is a “toom” DIY store in Frankfurt/Oder (Brandenburg) with a total rental space of around 12,000 m² and a WALT of more than seven years left.
Furthermore, a combined furnishing retail and multiplex cinema centre has been acquired in Schwedt (Brandenburg). Main tenants are Möbel Roller as well as a city-owned company, which is also the operator of this sole cinema in the city of Schwedt. The property has a WALT of more than seven years.
Both properties are fully let and generate an annual rent of more than EUR 1.2 million. The benefits and encumbrances of the properties are expected in October 2018.
Thus, the current overall portfolio of Deutsche Konsum (pro forma) comprises 96 retail properties with an annualised rent of around EUR 37.2 million. Moreover DKR is in concrete acquisition processes for further acquisitions.
About Deutsche Konsum
Deutsche Konsum REIT-AG based in Broderstorf is a listed real estate company focusing on retail properties in Germany for goods required for daily use in established micro-locations. The focus of the company’s activities is on the management and development of real estate with the aim of achieving a steady increase in value and the realisation of hidden reserves. The steadily increasing current property portfolio of Deutsche Konsum comprises of 96 retail properties with an annualised rent of EUR 37.2 million.
Due to its REIT status (‘Real Estate Investment Trust’), the company is exempt from corporation and trade tax. The shares of the company are listed on the Prime Standard of the Deutsche Boerse (ISIN: DE 000A14KRD3).
Contact:
Deutsche Konsum REIT-AG
Stefanie Frey
Investor Relations
E-Mail: [email protected]
Phone: +49 (0) 331 74 00 76 – 533
16.08.2018 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.
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| Language: | English |
| Company: | Deutsche Konsum REIT-AG |
| August-Bebel-Str. 68 | |
| 14482 Potsdam | |
| Germany | |
| Phone: | +49 (0)331 740076517 |
| Fax: | +49 (0)331 740076520 |
| E-mail: | [email protected] |
| Internet: | www.deutsche-konsum.de |
| ISIN: | DE000A14KRD3 |
| WKN: | A14KRD |
| Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange; London |
| End of News | DGAP News Service |