DGAP-News: Deutsche Konsum REIT acquires two food-anchored properties for EUR 15 million/Annual report 2018/2019 published
DGAP-News: Deutsche Konsum REIT-AG
/ Key word(s): Real Estate/Acquisition
Press release Deutsche Konsum REIT acquires two food-anchored properties for EUR 15 million/Annual report 2018/2019 published Broderstorf, 18 December 2019 - With recent notarisations Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) has acquired a hypermarket in Trier (Rhineland-Palatinate) and a grocery discounter store in Herzebrock-Clarholz (North Rhine-Westphalia). The property in Trier is known as "Mosel-Einkaufs-Zentrum" and is situated in an excellent and well-established retail location. The property has a rental area of around 11,600 m² and is rented to real,- hypermarket (Metro Group) as a triple-net agreement which is favourable for DKR in terms of the operating margin. The WALT is currently around 2.0 years and features prolongation options. Moreover DKR has acquired a grocery discounter store in Herzebrock-Clarholz with a rental space of around 1,000 m² which is rented to Netto (EDEKA Group). The WALT currently is 1.3 years plus prolongation options. The total annual rent of both properties amounts to around EUR 2.0 million. Including these acquisitions in the financial year 2019/2020 the property portfolio of Deutsche Konsum grew by 14 properties with a purchase volume of around EUR 90 million already. Thus, the total portfolio (pro forma) currently comprises of 136 properties with a total rental space of more than 820,000 m² and a book value of around EUR 715 million as well as an annual rent of around EUR 57.5 million. In addition, DKR is in concrete purchasing processes and expects further acquisitions shortly. Moreover DKR has published its annual report 2018/2019 which can be downloaded on our website under https://www.deutsche-konsum.de/en/investor-relations/financial-reports/ from now. About Deutsche Konsum 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). Contact:
18.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | [email protected] |
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: | 938729 |
End of News | DGAP News Service |
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938729 18.12.2019