DGAP-News
WCM Beteiligungs- und Grundbesitz-AG: WCM continues optimizing portfolio through active asset management - Seite 2
around 1 percent.
As a result of these measures, the EPRA vacancy rate for the entire WCM
portfolio decreases to 3.7 percent after 4.1 percent as of Q3 2016.
In addition the transaction announced on 27 September, comprising the EUR
66.5 M purchase of a 52,000 m² retail park with an annualized rental income
EUR of 4.4 M was closed on 30 November. This portfolio is financed with an
interest rate of about 1.5 percent, fixed for 6 years. Consequently the
average interest rate for the entire WCM portfolio falls to below 2 percent
for the first time ever.
With these successful portfolio optimizations, WCM continues its positive
portfolio development. The portfolio shows a low EPRA vacancy rate of 3.7
percent, an above-average WALT of 9,0 years and continuously rising rents
which currently stand at EUR 38.2 M. Overall, leasing renewals and new
signings for about 12,000 m² and an annualized rental income of around EUR
1.9 M have been contracted over the course of 2016. 7,500 m² and EUR 1.1 M
were achieved in the second half of this year alone. Not yet reflected in
these numbers are the recently acquired portfolio of 3 retail centres in
Baden Wurtemberg and Saxony-Anhalt.
Stavros Efremidis, CEO of WCM AG: "Portfolio build-up and management is a
key priority and the portfolio optimization helps us to be ideally
positioned through the different cycles. WCM is very active in both areas
thus creating value for its shareholders and consistently increasing it
from a very solid base. The recent success of our inhouse asset management
shows our capability in both areas."
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 pro forma portfolio has a gross asset value of
more than EUR 700 M. 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.
Investor Relations:
Gunnar Janssen
Investor Relations
WCM Beteiligungs- und Grundbesitz-AG
+49 69 963 7319 10
g.janssen@wcm.de
www.wcm.de
Press contact:
edicto GmbH
Axel Mühlhaus/ Dr. Sönke Knop
Eschersheimer Landstraße 42
60322 Frankfurt am Main
+49 (0) 69-905505-51
wcm@edicto.de
---------------------------------------------------------------------------
01.12.2016 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.
Archive at www.dgap.de
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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
E-mail: h.hesse@wcm.de
Internet: www.wcm.de
ISIN: DE000A1X3X33
WKN: A1X3X33
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg,
Stuttgart; Regulated Unofficial Market in Berlin,
Dusseldorf, Hanover, Munich, Tradegate Exchange
End of News DGAP News Service
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525709 01.12.2016
portfolio development. The portfolio shows a low EPRA vacancy rate of 3.7
percent, an above-average WALT of 9,0 years and continuously rising rents
which currently stand at EUR 38.2 M. Overall, leasing renewals and new
signings for about 12,000 m² and an annualized rental income of around EUR
1.9 M have been contracted over the course of 2016. 7,500 m² and EUR 1.1 M
were achieved in the second half of this year alone. Not yet reflected in
these numbers are the recently acquired portfolio of 3 retail centres in
Baden Wurtemberg and Saxony-Anhalt.
Stavros Efremidis, CEO of WCM AG: "Portfolio build-up and management is a
key priority and the portfolio optimization helps us to be ideally
positioned through the different cycles. WCM is very active in both areas
thus creating value for its shareholders and consistently increasing it
from a very solid base. The recent success of our inhouse asset management
shows our capability in both areas."
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 pro forma portfolio has a gross asset value of
more than EUR 700 M. 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.
Investor Relations:
Gunnar Janssen
Investor Relations
WCM Beteiligungs- und Grundbesitz-AG
+49 69 963 7319 10
g.janssen@wcm.de
www.wcm.de
Press contact:
edicto GmbH
Axel Mühlhaus/ Dr. Sönke Knop
Eschersheimer Landstraße 42
60322 Frankfurt am Main
+49 (0) 69-905505-51
wcm@edicto.de
---------------------------------------------------------------------------
01.12.2016 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.
Archive at 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
E-mail: h.hesse@wcm.de
Internet: www.wcm.de
ISIN: DE000A1X3X33
WKN: A1X3X33
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg,
Stuttgart; Regulated Unofficial Market in Berlin,
Dusseldorf, Hanover, Munich, Tradegate Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
525709 01.12.2016
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