DGAP-News

WCM signed purchase agreement for office property in the target region Frankfurt

DGAP-News: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Real
Estate
WCM signed purchase agreement for office property in the target region
Frankfurt

12.10.2015 / 08:45

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WCM signed purchase agreement for office property in the target region
Frankfurt

- Purchase price of EUR 49 million, initial FFO yield at 13%

- High and steady cash flow with multi-tenant structure

- Closing by the end of the year

- Portfolio reaches EUR 500 million

Frankfurt - 12 October 2015 - WCM Beteiligungs- und Grundbesitz-AG (WCM AG,
ISIN: DE000A1X3X33) has notarised the purchase agreement for the previously
announced acquisition for one additional office property in the target
region Frankfurt. The acquisition of this top-quality asset had already
been announced by WCM AG on 23 September 2015. Seller of the office
property is Commerz Real for its public real estate fund hausInvest. With
this transaction, WCM AG continues its dynamic portfolio growth to acquire
assets with high and steady cash flows as well as a strong multi-tenant
structure.

Situated in a prime office location directly adjacent to the city of
Frankfurt, the office building has a total lettable area of c. 18,300
square meters. The property is fully let to international well-known
companies. The annual net rental income totals EUR 3.3 million, with an
average remaining lease term (WALT) of more than 5 years, a net initial
yield of 6.7 percent based on the purchase price and an initial FFO yield
of 13 percent. The required equity for the acquisition of the office
building will be provided from available funds. The transaction is expected
to close by the end of the year.

Including this acquisition, WCM AG continues its dynamic portfolio growth
to 53 properties and a value of c. EUR 500 million.

About WCM AG

WCM Beteiligungs- und Grundbesitz-AG (WCM AG), with headquarters in
Frankfurt am Main, is a specialised commercial real estate company. As a
real estate proprietor, the focus is on long-term rental of high-quality
office and retail properties in the major office locations in Germany.
Since the operational restart in 2014, WCM AG has focused on an extensive
network for the purchase of properties as well as on value-creating asset
management, in order to generate attractive long-term rental income and a
steady cash flow. At October 2015, the property portfolio comprised of c.
EUR 500 million. The company has extensive loss carry forwards in corporate
and commercial tax. Shares in WCM AG are listed in the Prime Standard of
Deutsche Börse.

Press contact

edicto GmbH
Axel Mühlhaus/ Dr. Sönke Knop
[phone]
[e-mail]



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12.10.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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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


End of News DGAP News Service
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401691 12.10.2015