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WCM Beteiligungs- und Grundbesitz-AG: WCM acquires further retail property

DGAP-News: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Real
Estate
WCM Beteiligungs- und Grundbesitz-AG: WCM acquires further retail
property

29.07.2015 / 08:45

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WCM acquires further retail property

- OBI DIY store with floor space of around 9,000 square metres

- Purchase price for the property built in 2014 is EUR 10 million

- Rental yield amounts to approx. 7.4 percent p.a.

- Weighted average lease term (WALT) is 14.3 years

Frankfurt, 29 July 2015 - WCM Beteiligungs- und Grundbesitz-AG (WCM AG,
ISIN: DE000A1X3X33) today announced that it signed an agreement to purchase
an OBI DIY store in the Westphalian city of Olpe. The property, which has
good traffic access, was constructed in 2014 as a "GreenBuilding" with
reduced primary energy requirements and has been certified accordingly by
the European Commission. Its rental space amounts to around 9,000 square
metres. The property also comes with 253 parking spaces. The purchase price
for the property, which is completely let to OBI GmbH, is EUR 10 million.

The rental yield based on the net purchase price amounts to approx. 7.4
percent p.a. Based on current interest rates, this results in an FFO yield
(FFO = funds from operations) of around 12 percent p.a. The weighted
average lease term (WALT) is 14.3 years, after which three rental options
of 5 years each are in place. The closing of the transaction is expected
for the end of the third quarter of 2015.

The transaction forms part of WCM AG's dynamic portfolio expansion. Further
acquisitions are already in the planning stage.

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 (Prime
Standard), Hamburg, Stuttgart; Regulated Unofficial Market
in Munich


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381671 29.07.2015