Deutsche Industrie REIT-AG: Deutsche Industrie REIT-AG acquires further commercial properties in Dortmund, Bochum, Witten and Neustadt-Glewe

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DGAP-News: Deutsche Industrie REIT-AG / Key word(s): Acquisition28.02.2018 / 15:59 The issuer is solely

Deutsche Industrie REIT-AG: Deutsche Industrie REIT-AG acquires further commercial properties in Dortmund, Bochum, Witten and Neustadt-Glewe

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

28.02.2018 / 15:59
The issuer is solely responsible for the content of this announcement.


Deutsche Industrie REIT-AG acquires further commercial properties in Dortmund, Bochum, Witten and Neustadt-Glewe

Rostock, 28 February 2018 - Deutsche Industrie REIT-AG (ISIN DE000A2G9LL1) acquired three commercial properties in Dortmund, Bochum and Witten (North Rhine-Westphalia) for a purchase price of EUR 11.0 million in one transaction. In a compulsory auction, another property in Neustadt-Glewe was acquired for EUR 1.65 million.

Centrally located in Dortmund, the industrial park generates an annualised net cold rent of around kEUR 665. The well diversified tenant structure has a WALT of approx. 5 years. The total rental space amounts to approx. 23,500 sqm and the vacancy rate is at 36%.

In Bochum the light industrial complex consists of two buildings and is fully let. It generates a net cold rent of approx. kEUR 191 p.a. on its almost 3,600 sqm of rental space. The average lease term is over 9 years

In Witten the almost fully let industrial park generates with its balanced tenant mix on 10,600 sqm an annual net cold rent of approx. kEUR 338. The WALT amounts to approx. 5 years.

The total investment of EUR 11.0 million leads to an initial yield of 10.9 %. Transfer is expected in May 2018.

The property in Neustadt-Glewe, which is located very close to the motorway A24 (Berlin-Hamburg), consists of several modern warehouses and has a rental space of 12,400 sqm with an annual rent of approximately kEUR 259.

Regarding the latest transactions Deutsche Industrie REIT-AG owns a portfolio of 16 properties with a total rental space of approx. 429,000 sqm., an annualised rent of approx. EUR 12.6 million and a portfolio value of ca. EUR 114.3 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


28.02.2018 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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