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DGAP-News: Deutsche Konsum REIT-AG
/ Key word(s): Acquisition/Real Estate
Press release Deutsche Konsum REIT acquires five retail properties for around EUR 14 million Broderstorf, 12 November 2020 - Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) has acquired five further retail properties. The acquisitions include the "Feldbergcenter" local retail centre in Neu-Anspach (Hesse) with a total rental area of around 5,733 m² and the anchor tenants REWE and Rossmann, as well as a fitness center and other supply and service providers. The average remaining lease term is more than three years. Furthermore, a local retail centre in Mölln (Schleswig-Holstein) with a total rental area of around 5,126 m² was acquired. The main retail tenants include Norma, a beverage store and a pharmacy. The upper floors contain numerous medical practices as well as office and residential space. The current average remaining lease term is around three years. The purchase portfolio also includes a local retail centre and two discount grocery stores, which currently have an average remaining lease term of between three and six years: - Local retail centre in Freital (Saxony) with around 1,700m² of rental space. Major tenants are Pfennigpfeiffer and Fressnapf as well as a beverage trade. The fully let acquisition property is part of a profitable agglomeration with surrounding grocery stores. - Grocery discounter Diska (EDEKA) in Blankenstein (Thuringia) with a total rental area of 1,285 m². A part of the property is used as storage space. - Food retailer Netto Marken-Discount in Wrestedt (Lower Saxony). The property has a total rental area of around 1,087 m². The property's parking spaces are directly connected to the adjacent EDEKA supermarket. The total purchase volume for all properties amounts to around EUR 14 million with a total annual rent of EUR 1.25 million, resulting in a purchase yield of around 9%. Thus, the total portfolio (pro forma) currently comprises 170 properties with a total rental area of around 950,000 m² and a balance sheet value of around EUR 850 million. The portfolio currently generates an annual rent of around EUR 66 million. In addition, DKR is currently in the middle of further concrete purchase processes and expects further acquisitions in the near future. About Deutsche Konsum Contact:
12.11.2020 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: | |
| Internet: | -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: | 1147354 |
| End of News | DGAP News Service |
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1147354 12.11.2020
