HAMBORNER REIT AG acquires office property in Ratingen

DGAP-Media / 16.05.2017 / 07:00 Press Release

HAMBORNER REIT AG acquires office property in Ratingen

Duisburg, 16 April 2017 - HAMBORNER REIT AG has yesterday signed a purchase agreement for an office property in Ratingen. The property being acquired is part of what is known as the "Schwarzbach-Quartier", which is currently being built by InfraRed Capital Partners on the former Balcke-Dürr industrial grounds in the east of Ratingen. The commercial area is considered an established office location in the Düsseldorf market area and is marked by its excellent transport connections.

The main tenants of the approximately 10,500 m² property are the technology service provider SPIE and the consulting and IT service provider Capgemini. The weighted term of the leases is around 8.5 years. The purchase price of the property amounts to EUR34.5 million. With annual rental income of around EUR1.9 million, the gross initial yield is 5.6%. The property is being sold by a project company owned by InfraRed. The transaction was brokered by Jones Lang LaSalle (Düsseldorf).

The payment of the purchase price and the transfer of possession are scheduled for the third quarter of 2017.

About HAMBORNER REIT AG

HAMBORNER REIT AG is a stock exchange-listed public limited company that exclusively operates in the property sector and is positioned as a portfolio holder for high-yielding commercial properties. The company has sustainable rental incomes, with a nationally-dispersed substantial property portfolio as its foundation. Attractive retail trade spaces in key town centre sites of German cities and intermediate centres form the focal point of the portfolio. In addition, the property portfolio includes highly-frequented specialist stores and profitable office buildings, as well as spaces for medical practices.

HAMBORNER REIT AG stands out due to its many years of experience in the property and capital market, its lean and transparent corporate structure as well as its special proximity to the tenants. Since February 18, 2010 HAMBORNER has been a registered Real Estate Investment Trust (REIT) and benefits at company level from exemption from corporation and trade tax.

Investor Relations & Public Relations

Christoph Heitmann

Tel.: [phone]

Fax: [phone]

E-Mail: [e-mail]

Web: www.hamborner.de

End of Media Release

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Issuer: HAMBORNER REIT AG

Key word(s): Real estate

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Language:	English
Company:	HAMBORNER REIT AG
	Goethestraße 45
	47166 Duisburg
	Germany
Phone:	0203/54405-0
Fax:	0203/54405-49
E-mail:	[e-mail]
Internet:	www.hamborner.de
ISIN:	DE0006013006
WKN:	601300
Indices:	SDAX
Listed:	Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, SIX

End of News	DGAP Media

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