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SummaryMost relevantAll NewsOther languagesNews of the index components

PRESS RELEASE : HAMBORNER REIT AG renews lease with core tenant in O3 office property in Cologne

03/11/2021 | 01:02am EDT
DGAP-News: HAMBORNER REIT AG / Key word(s): Real Estate/Contract 
HAMBORNER REIT AG renews lease with core tenant in O3 office property in Cologne 
2021-03-11 / 07:00 
The issuer is solely responsible for the content of this announcement. 
HAMBORNER REIT AG renews lease with core tenant in O[3] office property in Cologne 
Duisburg, 11 March 2021 - HAMBORNER REIT AG can report further successes in letting operations at its O[3] office 
property in Cologne. In particular, it has agreed a long-term renewal of the lease with one of its biggest office 
The main tenant, NetCologne, a company run by the city and one of the biggest regional telecoms service providers in 
Germany, has made a long-term commitment to the site and pre-emptively renewed its current lease for around 16,000 m² 
of office space until 31 January 2036. 
The renewal increases the average remaining term of the leases in the property to 10.0 years. 
"We are delighted that NetCologne, a renowned tenant of good credit standing, has made this commitment to our location 
in Cologne. The difficult overall economic circumstances and the greater reluctance to sign long-term agreements 
currently being seen among some tenants underlines the success of our letting operation," said HAMBORNER REIT AG's CEO, 
Niclas Karoff. 
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 EUR1.6 
billion. The portfolio focuses on modern office properties at established locations as well as local supply properties 
as large-scale retail assets, retail parks, DIY stores 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. 
Christoph Heitmann 
Head of Investor & Public Relations 
Tel.: +49 (0)203 54405-32 
Mail: c.heitmann@hamborner.de 
Web: www.hamborner.de 
2021-03-11 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. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:     English 
Company:      HAMBORNER REIT AG 
              Goethestraße 45 
              47166 Duisburg 
Phone:        0203/54405-0 
Fax:          0203/54405-49 
E-mail:       info@hamborner.de 
Internet:     www.hamborner.de 
ISIN:         DE000A3H2333 
WKN:          A3H233 
Indices:      SDAX 
Listed:       Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1174576 
End of News   DGAP News Service 

1174576 2021-03-11

(END) Dow Jones Newswires

March 11, 2021 01:01 ET (06:01 GMT)

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