Deutsche Konsum REIT-AG
- WKN: A14KRD
- ISIN: DE000A14KRD3
- Land: Deutschland
Nachricht vom 03.06.2019 | 07:00
Deutsche Konsum REIT acquires 'Vita-Center' in Chemnitz/total acquisition volume in the current financial year rises to around EUR 160 million
DGAP-News: Deutsche Konsum REIT-AG / Key word(s): Acquisition/Real Estate
The Vita-Center is an important local supply and district centre in the Chemnitz district Morgenleite with a catchment area of about 20,000 inhabitants in the immediate vicinity. The property, which was built in 1999, was revitalised in 2018 and covers a rental area totalling around 42,000 m².
Around 70% of the annual rent comes from retail space, which is largely anchored by non-cyclical tenants such as grocery retailers REWE and ALDI, drugstore retailer dm as well as healthcare and home appliance and other suppliers. In addition, around 10% of the annual rent is accounted for by office space as well as an indoor trampoline and climbing park, which represents a supraregionally well-known leisure offer. Furthermore, the Vita-Center houses a district library of the city of Chemnitz.
The property generates an annual rent of more than EUR 2.9 million and has an average residual lease term (WALT) of more than seven years, with the major anchor tenants having significantly longer lease terms. In addition, according to DKR, the current vacancy rate of 21% offers significant value creation potential, which is to be realised step by step. The transfer of benefits and encumbrances is expected in August/September 2019. The acquisition of the Vita-Center is DKR's largest single transaction so far.
Before that, DKR had already acquired four food discounters in Eggesin and Lübz (both Mecklenburg West-Pomerania) as well as in Döberitz and Fürstenwalde (both Brandenburg) with certifications in April and May. Anchor tenants include Netto, Lidl, NORMA as well as KiK and TEDi.
The total investment volume of these properties amounts to EUR 40.6 million with an annual rent of approximately EUR 3.4 million.
Thus, the property portfolio of Deutsche Konsum in the financial year 2018/2019 has already grown by 34 properties with a purchase volume of around EUR 158 million. Thus, the overall portfolio (pro forma) currently comprises 123 properties with a total rental space of more than 720,000 m² and a book value of around EUR 580 million (before the next real estate valuation as of 30 June 2019) and an annual rent of around EUR 49 million.
Rolf Elgeti, CEO of Deutsche Konsum REIT-AG: "With the acquisition of the Vita-Center in Chemnitz, we acquired a very established and strong retail property in the micro-location, which has convinced us in terms of location, tenant mix and the overall concept after the revitalisation. In addition, we were able to acquire the property at a very attractive rate of return, which is slightly lower than the general return requirements of DKR, but absolutely reasonable with respect to the quality, stability and further potential of the property."
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).
|Company:||Deutsche Konsum REIT-AG|
|Phone:||+49 (0)331 740076517|
|Fax:||+49 (0)331 740076520|
|Listed:||Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||818165|
|End of News||DGAP News Service|
Deutsche Konsum REIT-AG resolves on capital in ...
Deutsche Konsum REIT-AG
Deutsche Konsum REIT acquires the 'PEP' retail ...
Deutsche Konsum REIT acquires two food-anchore ...
Deutsche Konsum REIT acquires DIY portfolio wi ...
UmweltBank AG mit deutlichem Kurspotenzial
Die UmweltBank AG, die als einzige Bank Deutschlands den Umweltgedanken in der Satzung verankert hat, präsentierte in den letzten Jahren beeindruckende Wachstumszahlen. Sowohl die Kundeneinlagen als auch das Kreditbuch legten um durchschnittlich gut 6,3 % zu. Seit seiner Gründung hat das Kreditinstitut stets positive Ergebnisse erzielt, zuletzt im Geschäftsjahr 2018 einen Jahresüberschuss in Höhe von 25,3 Mio. €. Wir haben ein Kursziel von 14,30 € je Aktie ermittelt, was deutlich oberhalb des aktuellen Kursniveaus liegt. Die Dividendenrendite liegt bei fast 3,0 %.
Der AKTIONÄR News
20. Januar 17:27 Alibaba: Picknickkorb für 842 Dollar – Geheimwaffe Super Brand Day
20. Januar 16:50 Varta: Aufwärts trotz Vorwürfen gegen Großaktionär
20. Januar 14:41 Wirecard-Aktie: Rallye oder Crash?
22nd Annual Needham Growth Conference
15. Januar 2020
Original-Research: 2G Energy AG (von First Berlin Equity Research GmbH): Reduzieren
20. Januar 2020