DGAP-Adhoc

WCM Beteiligungs- und Grundbesitz-AG: WCM resolves non-cash capital increase to acquire a retail park in Straubing

WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Corporate Action/Real Estate

20.06.2016 14:05

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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WCM resolves non-cash capital increase to acquire a retail park in
Straubing

Frankfurt, 20. Juni 2016 - Today the Management Board of WCM Beteiligungs-
und Grundbesitz-AG (WCM AG, ISIN: DE000A1X3X33) with the approval of the
Supervisory Board resolved a capital increase against contribution in kind
from authorised capital to acquire a retail park in the Bavarian city of
Straubing. In total the Company issued 10,000,000 new no-par value ordinary
bearer shares under the exclusion of existing shareholders' subscription
rights for a price of 2.80 Euro per share. The Company's issued share
capital increases to 130,772,500 Euro or 8.3%.

The contribution in kind consists of a 94.9% share in a retail park. The
purchase price for the retail park with a total rental space of 35,178
square metres is EUR 54.8 million. The purchase price consists of EUR 28,0
million of newly issued equity and the assumption of net debt of EUR 25,5
million. The current rental income of the acquired asset is roughly EUR 3.4
million.

The new shares from the non-cash capital increase have full profit
participation rights as of January 1, 2016 and are not subject to a lock-up
agreement. The newly issued shares are scheduled to be included to trading
on the regulated market (Prime Standard) of the Frankfurt Stock Exchange
(Frankfurter Wertpapierbörse), as well as on the stock exchanges Hamburg
and Stuttgart at short notice on the basis of a securities prospectus which
is expected to get approved by the Federal Financial Supervisory Authority
(Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) in the course of
today.


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Information and Explanation of the Issuer to this News:

EXPLANATORY PART

With the acquisition of the retail park WCM is successfully continuing its
dynamic portfolio expansion. The average occupancy rate of the asset is
around 88 percent with an average length of 4.9 years. Among the anchor
tenants are Adler Modemarkt, Ernsting's Family, Kaufland, KIK, NKD, Norma
and Rossmann as well as a medical centre. The retail park is offering 942
parking lots.

Based on the net purchase price, the rental yield is 6.2 percent implied.
The financing is targeted with a Loan-to-Value (LTV) of around 46 percent,
representing an FFO yield of c. 9 percent with the expected Funds from
Operations (FFO) of EUR c. 2.5 million. This transaction will result in an
immediate increase in Net Asset Value and FFO both in total and on a per
share basis. The overall LTV will be further reduced.

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 530 Mio. 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
[phone]
[e-mail]

20.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de

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Language: English
Company: WCM Beteiligungs- und Grundbesitz-AG
Bleichstr. 64-66
60313 Frankfurt am Main
Germany
Phone: [phone]
Fax: [phone]
E-mail:
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 Announcement DGAP News-Service

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