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Deutsche Konsum REIT: Secondary listing of DKR shares on the Johannesburg Stock Exchange expected on 8 March 2021 - Seite 2
Rolf Elgeti, CEO of Deutsche Konsum REIT-AG: "We are very pleased that the DKR shares are now the first German company to be traded in South Africa. We are convinced that this opens up a special opportunity for South African investors to invest in a German REIT with a focus on robust and non-cyclical local shopping properties with everyday tenants. At the same time, we believe that we can generate additional financial support in South Africa to continue to grow strongly and profitably in the future."
About the Company
Deutsche Konsum REIT-AG, headquartered in Broderstorf, is a listed real estate company focusing on retail properties in Germany for goods required for daily use in well-established micro-locations.
The focus of the Company's activities is on the acquisition, management and development of convenience retail properties with the aim of achieving a steady increase in value and the realisation of
hidden reserves. DKR's total portfolio currently comprises 172 retail properties with an annualised rent of approximately EUR 70 million.
Due to its REIT status ('Real Estate Investment Trust'), the Company is exempt from corporation and trade tax. The shares of the Company are listed on the Prime Standard of the Deutsche Boerse (ISIN: DE 000A14KRD3). Furthermore, the shares are expected to be traded on the JSE (South Africa) by way of a secondary listing from 8 March 2021. Further information on the Company can be found at https://www.deutsche-konsum.de/en/.
Contact:
Deutsche Konsum REIT-AG
Stefanie Frey
Investor Relations
E-Mail: sf@deutsche-konsum.de
Phone: +49 (0) 331 74 00 76 - 533
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22.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language: | English |
Company: | Deutsche Konsum REIT-AG |
August-Bebel-Str. 68 | |
14482 Potsdam | |
Germany | |
Phone: | +49 (0)331 740076517 |
Fax: | +49 (0)331 740076520 |
E-mail: | ch@deutsche-konsum.de |
Internet: | www.deutsche-konsum.de |
ISIN: | DE000A14KRD3 |
WKN: | A14KRD |
Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1169622 |