Deutsche Industrie REIT-AG acquires three commercial properties in Euskirchen, Gruensfeld and Oschersleben

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DGAP-News: Deutsche Industrie REIT-AG / Key word(s): Acquisition25.06.2020 / 12:52 The issuer is solely

Deutsche Industrie REIT-AG acquires three commercial properties in Euskirchen, Gruensfeld and Oschersleben

DGAP-News: Deutsche Industrie REIT-AG / Key word(s): Acquisition
25.06.2020 / 12:52
The issuer is solely responsible for the content of this announcement.

Deutsche Industrie REIT-AG acquires three commercial properties in Euskirchen, Gruensfeld and Oschersleben

Rostock, 17 June 2020 - Deutsche Industrie REIT AG (ISIN DE000A2G9LL1) acquires three commercial properties in Euskirchen, Gruensfeld and Oschersleben.

The production and logistics property in Euskirchen (North Rhine-Westphalia), which was acquired via a sale-and-lease-back process, is primarily rented to a long-term tenant from the area of ​​the manufacture of paper products. The annual net cold rent for the approx. 41,980 m² of usable space and approx. 118,000 m² of land was agreed to contemporary market terms with an initial tenancy duration of 10 years plus a further five-year extension option. The property has a direct connection to the national traffic arteries and offers the tenant production-favorable location advantages in the form of self-sufficient water supply and disposal facilities. The gross initial yield amounts to approx. 11.4%.

The production and logistics property located in Gruensfeld (Baden-Wuerttemberg) consists of a modern industrial property with an attached office building. It is currently fully let to two companies from the fire protection industry. The total rentable area of ​​the location is approx. 3,244 m² on a plot of about 9,000 m². The annual net cold rent for the currently unlimited tenancy agreements amounts to approx. 186 k€. The purchase price of the transaction was agreed upon to 1,150 k€, which corresponds to a gross initial yield of approx. 16.2%.

The property in Oschersleben (Saxony-Anhalt) consists of three solitary logistics halls offering a direct rail connection. The current tenant is an international German logistics company that uses the entire property as a single tenant. The property has a total usable area of ​​approx. 15,000 m² on a plot of about 44,200 m². The agreed annual net cold rent is approx. 378 k€ with a WALT of about 1.5 years. The property offers sufficient maneuvering and turning space for heavy goods traffic and an advantageous connection to the A2 and A14 motorways near Magdeburg. The purchase price of 3,000 k€ translates to a gross initial yield of approx. 12.6%.

Detailed information on Deutsche Industrie REIT-AG can be found at:
https://deutsche-industrie-reit.de/en/

Contact:
Deutsche Industrie REIT-AG
Mr René Bergmann
Chief Financial Officer
August-Bebel-Str. 68
14482 Potsdam
Tel. +49 331 740 076 535


25.06.2020 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
August-Bebel-Str. 68
14482 Potsdam
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, DE000A2YNQU1
WKN:A2G9LL, A2GS3T, A2YNQU
Listed:Regulated Market in Berlin, Frankfurt (Prime Standard)
EQS News ID:1079139


 
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