HAMBORNER REIT AG — M&A Activity 2011

Jun 22, 2011

News Details

Media | 22 June 2011 12:16

HAMBORNER REIT AG – Second acquisition in June

HAMBORNER REIT AG / Key word(s): Enterprise/

22.06.2011 / 12:16

Press Release

HAMBORNER REIT AG – Second acquisition in June

– Company acquires object in Offenburg from Cordea Savills German Retail Fund

– Purchase agreements for around EUR 41 million already signed in 2011

Duisburg, 22 June 2011 – HAMBORNER REIT AG is keeping its promise for growth. Just last week the company signed a purchase agreement for a DIY store in Aachen and now it signed the contract for a further property that fits its strategy. The retail property with total rental space of around 5,000 m² leased to the drugstore chain operator Müller was built in 1973, comprehensively renovated in 2008/2009 and is situated in a prime location in Offenburg's pedestrianised zone. The purchase price is EUR7.9 million and the gross initial rate of return 6.6%.

HAMBORNER REIT AG was adviced by the Munich broker Pareal. On the sellers side Cordea Savills GmbH, Munich and CMS Hasche Sigle, Stuttgart, were operating as consultants. Cordea Savills German Retail Fund, with an investment volume of approx. EUR 300 million was launched in 2007 by Luxembourgian law and is focused on German retail objects.

By acquiring this property in Offenburg in addition to the contracts already signed for properties in Langenfeld and Aachen, HAMBORNER has already signed purchase agreements for around EUR41 million this year. Four properties with a total value of approximately EUR58 million have also been added to the books in 2011. Further purchases are being examined.

The company still intends to grow in the three asset classes of large-area retail, office and high street, and plans to achieve a total portfolio value of around EUR500 million by the end of 2011 (currently around EUR435 million).

About HAMBORNER REIT AG

HAMBORNER REIT AG is a public limited company listed on the stock exchange which today works exclusively in the real estate sector and occupies a position as a portfolio holder for high-yield commercial properties. The basis of the company's sustainable rental income is a substantial real estate portfolio that is spread throughout the country. The main focus of the portfolio consists of attractive retail space in central city centre locations in Germany and resources centres. Furthermore, the property portfolio comprises highly frequented specialist stores and profitable office buildings, as well as doctors' surgeries, apartments and car parks.

Additionally, the company possesses around 2.4 million m² of undeveloped land, which is mainly located in the north of Duisburg and the neighbouring local authority districts of Dinslaken and Hünxe.

The outstanding features of HAMBORNER REIT AG are its many years of experience in the real estate and capital market, its lean and transparent corporate structure and its particular proximity to the tenants. The company is a registered Real Estate Investment Trust (REIT) and benefits at the company level from exemption from corporation and trade tax.

Press contact:

Sybille Albeser

Tel.: +49 (0)203 54405-32

Fax: +49 (0)203 54405-49

E-Mail: s.albeser@hamborner.de

Web: www.hamborner.de

End of Media Release

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Language:	English
Company:	HAMBORNER REIT AG
	Goethestraße 45
	47166 Duisburg
	Deutschland
Phone:	0203/54405-0
Fax:	0203/54405-49
E-mail:	info@hamborner.de
Internet:	www.hamborner.de
ISIN:	DE0006013006
WKN:	601300
Listed:	Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime Standard), Hamburg, München, Stuttgart

End of News	DGAP-Media

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129428  22.06.2011