DGAP-News: Deutsche Industrie REIT-AG acquired an industrial park close to the Munich airport

Deutsche Industrie REIT-AG acquired an industrial park close to the Munich airport

Rostock, 13 December 2019 - Deutsche Industrie REIT-AG (ISIN DE000A2G9LL1) has acquired an industrial park in Oberding (Bavaria).

The upper Bavarian municipality of Oberding has been heavily influenced by the Munich airport and the companies which resided in its vicinity.

The acquired industrial park borders the airport and offers around 49,500 sqm rentable space for its 30 tenants in a prosperous commercial area. The immediate connection to the airport and the subsequently close connection to the highway system will get a further positive addition in the form of a yet to be build connection to the urban railway system in walking distance from the asset.

The attainable gross earnings of ca. 2,294 k€ are generated from an annualised rent of ca. 3,345 k€ plus ca. 444 k€ p.a. investment rent and minus ca. 1,495 k€ yearly landowner ground rent. With a vacancy rate of 23.6% the asset further offers additional rent increase possibilities. The weighted average lease term (WALT) is at 2.3 years.

The purchase price of 21,200 k€, based on the gross earnings, results to a gross yield of ca. 10,8%.

Please find more information about Deutsche Industrie REIT-AG on our website:
https://www.deutsche-industrie-reit.de/en/

Contact:
Deutsche Industrie REIT-AG
Mr René Bergmann
Chief Financial Officer
August-Bebel-Str. 68
14482 Potsdam
Tel. +49 331 740 076 535