HAMBORNER REIT AG signs purchase agreement for office property in Neu-Isenburg
Duisburg, 29 April 2019 - HAMBORNER REIT AG has once again utilised its extensive acquisition network and signed the purchase agreement for an office property under construction in Neu-Isenburg. The agreement is for a section of the "Der Dornhof" office ensemble, which is currently being built at an established office location in Neu-Isenburg's southern business park. The property, which has excellent traffic connections, is located on the busy Siemensstrasse, around ten kilometres from Frankfurt's city centre and Frankfurt Airport.
The building is characterised by its technologically advanced design and energy sustainability. It will be built using high-quality materials and will meet the latest standards. The building is currently in the process of being certified by the German Sustainable Building Council (DGNB).
The main tenant of the 4,500 m² property will be a renowned IT service provider that has signed a long-term lease. The purchase price of the property will be around EUR16.1 million. With annual rental income of approximately EUR0.9 million, the gross initial yield is 5.4%. The purchase price will be paid and ownership of the property transferred at the start of 2020. The sellers are a property company of a local project developer and MERKUR Development Holding GmbH. The transaction was brokered by Trompetter Immobilien.
About HAMBORNER REIT AG
HAMBORNER REIT AG is a public company listed in the SDAX that operates exclusively in the property sector and is positioned as a portfolio holder for high-yield commercial properties. The company generates sustainable rental income on the basis of a diversified portfolio of properties distributed throughout Germany with a total value of around EUR1.5 billion. The portfolio focuses on large-scale retail parks and properties, profitable offices and medical practices and attractive high street properties in major German cities and mid-sized centres.
HAMBORNER REIT AG is distinguished by its many years of experience on the property and capital market, its consistent and sustainable dividend policy and its lean and transparent corporate structure. The company is a registered real estate investment trust (REIT) and benefits from corporation and trade tax exemption at company level.
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