Deutsche Industrie REIT-AG acquires two properties in Meschede and Hattingen

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DGAP-News: Deutsche Industrie REIT-AG / Key word(s): Acquisition04.05.2018 / 07:30 The issuer is solely

Deutsche Industrie REIT-AG acquires two properties in Meschede and Hattingen

DGAP-News: Deutsche Industrie REIT-AG / Key word(s): Acquisition

04.05.2018 / 07:30
The issuer is solely responsible for the content of this announcement.


Deutsche Industrie REIT-AG acquires two properties in Meschede and Hattingen

Rostock, 04 May 2018 - Deutsche Industrie REIT-AG (ISIN DE000A2G9LL1) has acquired two further Light Industrial properties in Meschede and Hattingen (both North Rhine-Westfalia) for a total of EUR 2.8 million.

The property in Meschede is located directly on the motorway A46. The tenants are two regional logistics companies, an automotive supplier, as well as a regional furniture store, which all have been using the property for many years. Overall, the property has a leasable area of 6,563 sqm and generates an annual rent of approximately kEUR 186. The purchase price was EUR 1.77 million, with a net initial yield of 10.5%.

The industrial park in Hattingen is located between Bochum and Wuppertal and has good access to major motorways. The property has a leasable area of 2,579 sqm, which is mainly used as storage and production space by medium-sized companies from the region. The annual rent is kEUR 110. The purchase price amounts to EUR 1.05 million, the net initial yield is 10.5%.

The transfer of ownership of the properties is expected in July 2018.

Regarding the latest transactions Deutsche Industrie REIT-AG owns a portfolio of 21 properties with a total rental space of approx. 488,000 sqm., an annualised rent of approx. EUR 15.0 million.

Please find more information about Deutsche Industrie REIT-AG on our website:
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


04.05.2018 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.

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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: www.deutsche-industrie-reit.de
ISIN: DE000A2G9LL1, DE000A2GS3T9
WKN: A2G9LL, A2GS3T
Listed: Regulated Market in Berlin; Regulated Unofficial Market in Frankfurt


 
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