DGAP-News 356 0 Kommentare WCM Beteiligungs- und Grundbesitz-AG: WCM disposes Bremerhaven asset at book value

DGAP-News: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Disposal/Real
Estate
WCM Beteiligungs- und Grundbesitz-AG: WCM disposes Bremerhaven asset at book
value

09.05.2016 / 10:27
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

WCM disposes Bremerhaven asset at book value

- Selling price equals book value as of 31 December 2015

- WCM concentrates portfolio solely on retail and office

- Including the recent divestment of three assets WCM has sold four
non-strategic assets totalling 25 million Euros in 2016

Frankfurt am Main, 9 May 2016 - SDAX listed WCM Beteiligungs- und
Grundbesitz AG (WCM AG, ISIN: DE000A1X3X33) sold an industrial property in
Bremerhaven. The stake of 92.9 percent held by WCM was divested per 31
December 2015. The selling price equals the book value and includes the
remaining debt. The property has approximately 68,000 square meters and was
bought by a local investor.

The property in Bremerhaven, acquired by WCM at the end of 2014 through a
contribution in kind, has significantly supported the reactivation of WCM
AG. The divestment reduced the vacancy rate of the portfolio to 3.9
percent, while increasing the average remaining lease term (WALT) to 9.8
years as of 31 March 2016.

Including Bremerhaven, WCM sold four non-strategic assets for a total of c.
25 million Euros in 2016. The divestment of three assets announced on 29
April 2016 resulted in a pre-tax profit of 1.6 million Euros (+ 26 percent)
compared to the book value. The divestment of non-strategic assets is part
of WCM's strategy.

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 acquisition of properties as well as on value-creating
asset management, in order to generate attractive long-term rental income
and a steady cash flow. The portfolio has a gross asset value of more than
EUR 500 million. The company has extensive loss carry forwards in corporate
and commercial tax. Shares of WCM AG are listed in the SDAX of Deutsche
Boerse since 21 December 2015.

Press contact:

edicto GmbH
Axel Mühlhaus/ Dr. Sönke Knop
+49 (0) 69-905505-51
wcm@edicto.de

---------------------------------------------------------------------------

09.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------

Language: English
Company: WCM Beteiligungsund Grundbesitz-AG
Bleichstr. 64-66
60313 Frankfurt am Main
Germany
Phone: +49 (0)30 8870 476-10
Fax: +49 (0)30 8870 476-20
Internet: www.wcm.de
ISIN: DE000A1X3X33, SDAX
WKN: A1X3X33
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Stuttgart; Regulated Unofficial Market
in Munich

End of News DGAP News Service
---------------------------------------------------------------------------

461473 09.05.2016