German High Street Properties

M&A Activity • Nov 7, 2025

Planned acquisition of Property Leased to Burger King, Odense, Denmark

Planned acquisition of Property Leased to Burger King, Odense, Denmark

Nasdaq OMX Copenhagen A/S

Charlottenlund, 7 November 2025

Announcement no. 281

*Planned acquisition of Property Leased to Burger King, Odense, Denmark*

Today, the Company's Board of Directors has evaluated and decided to acquire the property on the terms outlined below (the acquisition agreement is expected to be signed next week):

Background

The company has the opportunity to acquire a modern property built in 2008, leased to Burger King (Nordic Service Partners A/S). Burger King has been a tenant in the property since 2011 under a non-terminable lease agreement until 1 October 2036, ensuring a stable and long-term income stream.

Property Details:

• Total area: 616 m² (including service yard)
• Location: Prime retail area in Odense SØ, surrounded by major retailers such as Bilka, Føtex, Netto, Ikea, Power, McDonald’s, Carl’s Jr., Rosengård Center, and Jysk.
• Tenant: Burger King (Nordic Service Partners A/S)
• Lease term: Non-terminable until 1 October 2036

Financial Summary:

• Purchase price: approx. EUR 3.35 million (DKK 25.1 million)
• Total investment: approx. EUR 3.55 million (DKK 26.5 million)
• Annual gross rental income: approx. EUR 226,000 (DKK 1,689,000)
• Annual net rental income: approx. EUR 215,000 (DKK 1,600,000)
• Expected yield: approx. 6.4% (before financing)
• Financing: The acquisition (excl. acquisition costs) is expected to be fully financed by Ringkjøbing Landbobank.

Strategic Rationale:

The transaction aligns with the company’s strategy to strengthen its presence in the Nordic real estate markets.

Any questions can be directed to the undersigned on +45 8110 0800.

Sincerely, German High Street Properties A/S

Hans Thygesen

Chairman