Deutsche Konsum REIT : acquires additional properties - overall portfolio grows to around EUR 400 million and generates more than EUR 35 million annual rent

DGAP-News: Deutsche Konsum REIT-AG / Key word(s): Real Estate/Acquisition Deutsche Konsum REIT acquires additional properties - overall portfolio grows to around EUR 400 million and generates more than EUR 35 million annual rent 24.04.2018 / 07:00 The issuer is solely responsible for the content of this announcement. Press release Deutsche Konsum REIT acquires additional properties - overall portfolio grows to around EUR 400 million and generates more than EUR 35 million annual rent Broderstorf, 24 April 2018 - Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) has acquired three other high-yield retail properties with notarised certificates. The largest object is the shopping center "Südpassage" in Weißwasser (Saxony). Built in 1991 and renovated in 2015, the property has a total rental space of around 13,200 m² and is fully let. The anchor tenants here are Kaufland, Takko ModeMarkt, Pfennigpfeiffer and Hammer Haushaltswaren. The property currently generates an annual rent of around EUR 1.0 million with a WALT of around four years. Furthermore, an OBI hardware store in Unterwellenborn (Thuringia) was acquired. The property has a leasable area of around 8,500 m² and is part of a commercial complex in which, apart from other tenants, Kaufland is a key anchor. The property generates an annual rent of around EUR 0.5 million with a WALT of around six years. The third retail property is the ALDI Passage in Bad Sachsa (Lower Saxony). The property has a leasable area of approximately 1,700 m² and includes an ALDI food market, medical practices and two apartments. The annual rent is around EUR 0.2 million with a WALT of four years. The investment volume for all three properties totals EUR 16.8 million, resulting in a purchase yield of 9.9%. The benefits and encumbrances of the three properties are expected in June and July 2018. Thus, the current overall portfolio of Deutsche Konsum (pro forma) comprises 89 retail properties with an annualised rent of around EUR 35.5 million and a portfolio book value of around EUR 400 million. Due to the continued strong purchasing pipeline, DKR expects further purchases within a short time. Rolf Elgeti, Chief Executive Officer (CEO): "With the latest acquisitions, we invested around EUR 107 million in the first seven months of the current financial year, thus, clearly exceeding our annual target of EUR 100 million and we will continue to grow rapidly. In addition, we have again added very high-quality tenants to our portfolio with our recent acquisitions. As a result, we already have a cash flow heavy but defensive portfolio." About Deutsche Konsum Deutsche Konsum REIT-AG based in Broderstorf is a listed real estate company focusing on retail properties in Germany for goods required for daily use in established micro-locations. The focus of the company's activities is on the management and development of real estate with the aim of achieving a steady increase in value and the realisation of hidden reserves. The steadily increasing current property portfolio of Deutsche Konsum comprises of 89 retail properties with an annualised rent of EUR 35.5 million. Due to its REIT status ('Real Estate Investment Trust'), the company is exempt from corporation and trade tax. The shares of the company are listed on the Prime Standard of the Deutsche Boerse (ISIN: DE 000A14KRD3). Contact: Deutsche Konsum REIT-AG Stefanie Frey Investor Relations E-Mail: [e-mail] Phone: [phone] - 533 24.04.2018 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Deutsche Konsum REIT-AG
	August-Bebel-Str. 68
	14482 Potsdam
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.deutsche-konsum.de
ISIN:	DE000A14KRD3
WKN:	A14KRD
Listed:	Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange; London

End of News	DGAP News Service

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