DGAP-News

WCM Beteiligungs- und Grundbesitz-AG: WCM continues optimizing portfolio through active asset management

DGAP-News: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Real Estate
WCM Beteiligungs- und Grundbesitz-AG: WCM continues optimizing portfolio
through active asset management

01.12.2016 / 07:00
The issuer is solely responsible for the content of this announcement.

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WCM continues optimizing portfolio through active asset management
- Further rental successes and asset expansion

- EPRA vacancy rate reduced to 3.7 percent

- Lease contracts signed and extended for c. 12,000 m² with an annualized
rent of EUR 1.9 M in 2016

- Portfolio acquisition published on 27 September taken on book

Frankfurt, 1 December 2016 - WCM Beteiligungs- und Grundbesitz-AG (WCM AG,
ISIN: DE000A1X3X33) has continued with the value-enhancing optimization of
the existing portfolio through active asset management. In the past few
weeks, new leases, lease extensions and the building expansions have been
successfully implemented through WCM's inhouse asset management in Hesse,
Lower Saxony and Saxony - with positive effects on occupancy rate, rental
income and the weighted average lease time (WALT).

In Frankfurt's "MainTriangel" property a new long-term tenancy agreement
for 800 m² has been signed with a term of 12 years. As a result, the
occupancy rate of the entire property increased from 87 to over 90 percent
and the annual rental income rose to more than EUR 4.9 M. The WALT stands
at 17.8 years with a government tenant as the long-term anchor tenant.

In a 3,570 m² office property in Dresden, an additional lease agreement for
an area of 1,240 m² is currently being extended by another five years. With
an unchanged occupancy rate of 99.6 percent, the WALT of the property
increases from 1.9 to 4.2 years.

An existing tenancy agreement with a leading grocery retailer has been
negotiated in Lower Saxony, extending 35 percent in rentable space to the
asset. The rentable area increased from 1,548 m² to 2,106 m² with the
rental income of the property more than doubling. The initial invest of EUR
1.8 M translates into a yield of 7.1 percent. The property is fully let
with a WALT of now 15 years after 13.5 years before.

Further value enhancing steps were accomplished through asset management
activities at the retail park in Straubing, which was acquired earlier this
year on 20 June. Amongst others, the lease contract for two retail spaces
with 500 m² each has successfully been extended. As a result, the WALT for
Straubing rose from 5.3 up to 5.7 years and the rental income increases by