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DGAP-News: Deutsche Konsum REIT-AG
/ Key word(s): Acquisition/Real Estate
Press release Deutsche Konsum REIT acquires three retail properties for around EUR 17 million / Management Board contracts extended by three years The acquisitions include a local retail centre in Zerbst (Saxony-Anhalt) with a total rental space of around 2,500 m² and the food anchor tenant Netto (EDEKA) as well as Action and Takko with a remaining rental period of five years. In addition, a local retail centre in Rövershagen (Mecklenburg-West Pomerania) with a total lettable area of around 2,200 m² was acquired. The anchor tenants are the food discounter PENNY (REWE) as well as a beverage market, a bakery and other local service shops for daily needs. The current average remaining lease term here is six years. Furthermore, a retail park in Stendal (Saxony-Anhalt) with a total rental area of around 19,800 m² was acquired. Major tenants include ROLLER, Dänisches Bettenlager, tedox (DIY) as well as a tyre service and a community centre. The agglomeration has been established at the location for decades with its range of products and also offers further development opportunities. The average remaining lease term is currently more than seven years. The purchase volume for all properties amounts to approximately EUR 16.9 million at a total annual rent of EUR 1.5 million, which results in a return on investment of approximately 9%. Thus the total portfolio (pro forma) currently comprises 163 properties with a total rental area of more than 900,000 m² and a balance sheet value of around EUR 0.8 billion. The portfolio currently generates an annual rent of around EUR 64 million. DKR is also in the middle of further concrete purchase processes and expects to make further acquisitions shortly. Supervisory Board extends contracts with Management Board About Deutsche Konsum Contact:
10.06.2020 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: | 1066627 |
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| End of News | DGAP News Service |
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1066627Â Â 10.06.2020Â
