JB7 Deutsche Industrie REIT AG

DGAP-News: Deutsche Industrie REIT-AG acquires property in Schwerin

DGAP-News: Deutsche Industrie REIT-AG / Key word(s): Acquisition
Deutsche Industrie REIT-AG acquires property in Schwerin

28.09.2018 / 11:08
The issuer is solely responsible for the content of this announcement.


Deutsche Industrie REIT-AG acquires property in Schwerin

Rostock, 28 September 2018 - Deutsche Industrie REIT-AG (ISIN DE000A2G9LL1) has acquired an industrial park in Schwerin (Mecklenburg-Western Pomerania).

Schwerin is a regional center and the capital of Mecklenburg-Western Pomerania as well as the second largest city of this state. The property is directly connected to the federal road 321, which allows an immediate connection to the A24. The location is mainly rented to the state government of Mecklenburg-Vorpommern as storage area. While the remaining average term of all leases is 3.2 years, the rental space consists of 19,467 sqm and the annualised rental income is kEUR 578. The purchase price of EUR 5.45 million corresponds to a net initial yield of 10.6%.

Considering the latest transactions, Deutsche Industrie REIT-AG now has a total portfolio of 30 properties with an area of approx. 643,000 sqm and an annualised total rent of approx. EUR 19.1 million.


Detailed information about the German Industry REIT-AG can be found under:
-industrie-reit.de/en/


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


28.09.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at


Language: English
Company: Deutsche Industrie REIT-AG
August-Bebel-Str. 68
14482 Potsdam
Germany
Phone: 5 - 0
Fax: +49 331 / 740 076 520
E-mail:
Internet: -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

728563  28.09.2018 

fncls.ssp?fn=show_t_gif&application_id=728563&application_name=news&site_id=research_pool
EN
28/09/2018

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Deutsche Industrie REIT AG

DEUTSCHE INDUSTRIE GRUNDBESITZ REIT sees a downgrade to Neutral on acc...

The independent financial analyst theScreener just lowered the general evaluation of DEUTSCHE INDUSTRIE GRUNDBESITZ REIT (DE), active in the Real Estate Holding & Development industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date January 11, 2022, the clos...

Manuel Martin ... (+3)
  • Manuel Martin
  • CEFA
  • CREA

Deutsche Industrie REIT-AG : No surprises in DIR´s strong FY 2020-21 r...

>FY 2020-21 results in line with our expectations - Yesterday (16 December), Deutsche Industrie (DIR) reported strong FY 2020-21 figures which were in line with our expectations. Rental revenues increased +25.0% y-o-y to € 51.0m, in line with our estimate of € 51.1m and the consensus of € 50.6m. Net rental income rose by +27.9% y-o-y to € 40.0m, also in line with our estimate of € 39.6m. Property valuation gains amounted to € 91.1m (+146.4% y-o-y) and were close...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch