HAMBORNER REIT AG acquires retail properties in Hanau and Offenburg

PRESS RELEASE

HAMBORNER REIT AG acquires retail properties in Hanau and Offenburg

Duisburg, 21 June 2023 – In an off-market transaction, HAMBORNER REIT AG has signed the purchase agreement for two retail properties in Hanau and Offenburg.

The properties acquired are large-scale cash-and-carry stores at established commercial locations in the Rhine-Main and Upper Rhine metropolitan regions and are characterised by convenient locations and extensive parking.

The total rental space of approximately 17,900 m² is fully let to the food wholesaler EDEKA Foodservice on a long-term basis. The average remaining term of the leases is 9.2 years.

“In a persistently difficult transaction environment, we have succeeded in acquiring two high-quality properties that ideally complement our existing core portfolio in the wholesale segment. The quality of the locations and properties, the letting situation and the long-standing business relationship with our tenant form the basis for further stable and predictable rental income,” comments Sarah Verheyen, member of the Management Board of HAMBORNER REIT AG.

The purchase price volume totals approximately €23.6 million. Payment of the purchase price and transfer of ownership of the properties are provisionally scheduled for the third quarter of the year.

ABOUT HAMBORNER REIT AG

HAMBORNER REIT AG 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 €1.6 billion. The portfolio focuses on modern office properties at established locations as well as attractive local supply properties as large-scale retail assets, retail parks and DIY stores in central inner-city locations, district centres and highly frequented edge-of-town sites of 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 sustainably attractive dividend strategy 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.

CONTACT

Christoph Heitmann
Head of Investor & Public Relations
Tel.: +49 (0)203 54405-32
Mail: c.heitmann@hamborner.de
Web: www.hamborner.de