DEUTSCHE INDUSTRIE REIT-AG
DGAP-News: Deutsche Industrie REIT-AG
/ Key word(s): Acquisition
Deutsche Industrie REIT-AG 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: 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. |
| 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: | http://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 |
| End of News | DGAP News Service |
1079139 25.06.2020
