DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG: DEMIRE leases 56,000 sqm to IMOTEX in Neuss near Düsseldorf
DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG
/ Key word(s): Real Estate
DEMIRE leases 56,000 sqm to IMOTEX in Neuss near Düsseldorf IMOTEX uses the property for sales and storage areas. Over 140 show rooms house around 400 fashion collections. The contract extension with the centre manager UNIMO means that the proven service for customers will be maintained. IMOTEX in Neuss has been one of the established fashion locations in Germany for decades and is very well known among industry professional even beyond the country's borders. The building benefits from its location on the outskirts of Düsseldorf and its good public transport connection. ***** About DEMIRE Deutsche Mittelstand Real Estate AG DEMIRE Deutsche Mittelstand Real Estate AG acquires and holds commercial real estate in mid-sized cities and up-and-coming locations bordering metropolitan areas across German. The Company's particular strength lies in realising the potential of the properties at these locations while focusing on a range of properties that appeals to both regional and international tenants. As of 31 December 2021, DEMIRE's portfolio contains of 64 assets with lettable space totalling about 1 million sqm. Including the proportionately acquired Cielo property in Frankfurt/Main, the market value amounts to so approximately EUR 1.7 billion. The portfolio focuses on office properties with a blend of retail, hotel and logistics properties results in a return / risk structure that is appropriate for the commercial real estate segment. The Company places importance on long-term contracts with solvent tenants and the realisation of the properties' potential. DEMIRE anticipates continued stable and sustainable rental income along with solid value appreciation and expects the portfolio to grow significantly in the medium term. As it expands its portfolio, DEMIRE is concentrating on FFO-strong assets with potential and, at the same time, disposing of properties that are not in line with its strategy. DEMIRE is taking several steps to further the development of its operations and processes. Next to cost consciousness, the operating performance is set to improve through an active asset and portfolio management approach. DEMIRE Deutsche Mittelstand Real Estate AG shares are listed in the Regulated Market (Prime Standard segment) of the Frankfurt Stock Exchange.
Media contact: Daniel Gabel Feldhoff & Cie. GmbH
[email protected]
20.07.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | DEMIRE Deutsche Mittelstand Real Estate AG |
Robert-Bosch-Straße 11 im „the eleven“ | |
63225 Langen (Hessen) | |
Germany | |
Phone: | +49 6103 37249-0 |
Fax: | +49 6103 37249-11 |
E-mail: | [email protected] |
Internet: | www.demire.ag |
ISIN: | DE000A0XFSF0 |
WKN: | A0XFSF |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
EQS News ID: | 1401837 |
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1401837 20.07.2022