Deutsche Industrie REIT-AG
Deutsche Industrie REIT-AG: Deutsche Industrie REIT-AG acquires further commercial properties in Dortmund, Bochum, Witten and Neustadt-Glewe
DGAP-News: Deutsche Industrie REIT-AG / Key word(s): Acquisition Deutsche Industrie REIT-AG acquires further commercial properties in Dortmund, Bochum, Witten and Neustadt-Glewe Rostock, 28 February 2018 – Deutsche Industrie REIT-AG (ISIN DE000A2G9LL1) acquired three commercial properties in Dortmund, Bochum and Witten (North Rhine-Westphalia) for a purchase price of EUR 11.0 million in one transaction. In a compulsory auction, another property in Neustadt-Glewe was acquired for EUR 1.65 million. Centrally located in Dortmund, the industrial park generates an annualised net cold rent of around kEUR 665. The well diversified tenant structure has a WALT of approx. 5 years. The total rental space amounts to approx. 23,500 sqm and the vacancy rate is at 36%. In Bochum the light industrial complex consists of two buildings and is fully let. It generates a net cold rent of approx. kEUR 191 p.a. on its almost 3,600 sqm of rental space. The average lease term is over 9 years In Witten the almost fully let industrial park generates with its balanced tenant mix on 10,600 sqm an annual net cold rent of approx. kEUR 338. The WALT amounts to approx. 5 years. The total investment of EUR 11.0 million leads to an initial yield of 10.9 %. Transfer is expected in May 2018. The property in Neustadt-Glewe, which is located very close to the motorway A24 (Berlin-Hamburg), consists of several modern warehouses and has a rental space of 12,400 sqm with an annual rent of approximately kEUR 259. Regarding the latest transactions Deutsche Industrie REIT-AG owns a portfolio of 16 properties with a total rental space of approx. 429,000 sqm., an annualised rent of approx. EUR 12.6 million and a portfolio value of ca. EUR 114.3 million. Please find more information about Deutsche Industrie REIT-AG on our website: http://www.deutsche-industrie-reit.de/ Contact: Deutsche Industrie REIT-AG Mr René Bergmann August-Bebel-Str. 68 14482 Potsdam Tel. +49 331 740 076 535
28.02.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Deutsche Industrie REIT-AG |
Martin-Niemöller-Str. 23 | |
18147 Rostock | |
Germany | |
Phone: | +49 331 740076 5 – 0 |
Fax: | +49 331 / 740 076 520 |
E-mail: | rb@deutsche-industrie-reit.de |
Internet: | http://www.deutsche-industrie-reit.de |
ISIN: | DE000A2G9LL1, DE000A2GS3T9 |
WKN: | A2G9LL, A2GS3T |
Listed: | Regulated Market in Berlin; Regulated Unofficial Market in Frankfurt |
End of News | DGAP News Service |