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
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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
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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