DGAP-News

WCM signs agreement to purchase Rhein-Main and Dresden commercial property portfolio

DGAP-News: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Real
Estate
WCM signs agreement to purchase Rhein-Main and Dresden commercial
property portfolio

06.07.2015 / 20:27

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WCM signs agreement to purchase Rhein-Main and Dresden commercial property
portfolio

- Annual rental income of approx. EUR 9.9 million

- Rental yield amounts to approx. 9 percent per year

- WCM's portfolio build-up continues at a dynamic pace

Frankfurt, 6 July 2015 - WCM Beteiligungs- und Grundbesitz-AG (WCM AG,
ISIN: DE000A1X3X33) announced that the agreement to purchase the commercial
portfolio comprising 16 properties in the Rhine-Main area and in Dresden
was notarised today. The acquisition of this portfolio was reported
previously in an ad-hoc release dated 24 April 2015. The commercial
property portfolio is being sold by two Danish subsidiaries of two
Norway-based property companies. With this transaction, WCM AG continues to
expand its portfolio in line with its strategy by adding properties that
generate a strong and steady cash flow.

The acquired portfolio comprises 16 office and retail properties with
rental space of around 88,800 square metres. The current occupancy rate is
around 90 percent and annualised rental income amounts to approx. EUR 9.9
million. The rental yield based on the net purchase price at the time of
acquisition is around 9 percent. The net purchase price on a 100 percent
basis is approx. EUR 113 million. The closing of the transaction is
expected for October 2015.

With this transaction, the portfolio build-up of WCM AG continues at a
dynamic pace. Including the other planned and announced property
acquisitions, the future portfolio of WCM AG comprises a total of 51
properties with a market value on a 100 percent basis of around EUR 437
million. In the medium term, WCM aims to build up a portfolio worth more
than EUR 1 billion.

About WCM AG

Reflecting its strategic realignment implemented in 2014, WCM Beteiligungs-
und Grundbesitz-AG (WCM AG) intends to position itself as one of the
leading commercial property companies in Germany. As a holder of office and
retail properties with a focus on major office locations, the company is on
a dynamic growth path. In the mid-term WCM AG plans to build a portfolio
with a value exceeding EUR 1 billion. The company utilises a comprehensive
network for the acquisition of properties and value-enhancing portfolio
management in order to generate long-term attractive rental income and a
steady cash flow. WCM AG also intends to leverage further opportunities
offered by the property market. The company's management, headed by CEO
Stavros Efremidis, has extensive experience in the German property market
in connection with the acquisition and management of properties and many
years of capital market experience. The company has substantial corporate
and trade tax loss carry-forwards

Press contact:

edicto GmbH
Axel Mühlhaus/ Dr. Sönke Knop
069-905505-51
[e-mail]



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Language: English
Company: WCM Beteiligungsund Grundbesitz-AG
Friedrich-Ebert-Anlage 36
60325 Frankfurt am Main
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.wcm.de
ISIN: DE000A1X3X33
WKN: A1X3X33
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (General
Standard), Hamburg, Stuttgart; Regulated Unofficial Market
in Munich


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