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    DGAP-Adhoc  657  0 Kommentare WCM Beteiligungs- und Grundbesitz-AG: Four commercial properties acquired


    WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Real Estate/Capital Increase

    08.12.2014 22:42

    Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
    by DGAP - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

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    Ad-hoc disclosure pursuant to Section 15 German Securities Trading Act

    WCM AG acquires four commercial properties and adopts resolution to carry
    out a cash and non-cash capital increase from authorised capital


    - Agreements for the acquisition of three office properties and one
    industrial property signed

    - Price of the property portfolio totals EUR 80.9 million

    - Financing through cash capital increase by up to 14.4 million new
    shares and non-cash capital increase by 4.9 million shares and a bank
    loan of EUR 45.5 million

    - Total funding of the transaction already secured

    WCM Beteiligungs- und Grundbesitz-AG ("WCM AG"; WKN A1X3X3, ISIN DE 000
    A1X3X33) today signed a binding purchase agreement for three commercial
    properties in Bonn, Düsseldorf and Frankfurt am Main and an equity
    contribution agreement for a commercial property in Bremerhaven. WCM AG
    also announced that its Management Board and Supervisory Board adopted a
    resolution to carry out a combined cash and non-cash capital increase
    utilising existing authorised capital.

    The total lettable space of the property portfolio amounts to approx.
    90,100 sqm. Rental income totals approx. EUR 5.7 million p.a. The occupancy
    rate is 89.7%, and the leases have an average remaining term of 6 years.

    The three office properties in Bonn, Düsseldorf and Frankfurt am Main were
    acquired from GE Real Estate Property GmbH and its associated companies
    under a share deal for a proportionate purchase price of EUR 64 million.
    The acquisition of the 94.9% share in the respective property companies
    will be financed primarily through a cash capital increase of up to EUR
    18.8 million and a bank loan of EUR 45.5 million. Completion of the
    transaction is scheduled for the first quarter of 2015.

    The acquisition of the industrial property in Bremerhaven is to be funded
    through a non-cash capital increase by contributing a 92.9% equity interest
    in the property company. In return for their shares in the property company
    to be contributed, the contributing parties will receive 4.9 million new
    shares of WCM AG based on a fair value of EUR 2.70 per share as part of the
    non-cash capital increase. These shares are subject to a lock-up period
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    DGAP-Adhoc WCM Beteiligungs- und Grundbesitz-AG: Four commercial properties acquired WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Real Estate/Capital Increase 08.12.2014 22:42 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for …