HAMBORNER REIT AG: OBI renews leases ahead of schedule at three locations – Joint focus on implementation of energy efficiency improvements

PRESS RELEASE

HAMBORNER REIT AG: OBI renews leases ahead of schedule at three locations – Joint focus on implementation of energy efficiency improvements

• Early lease renewal until 2034 for the Hilden and Leipzig locations and until 2037 for the Aachen location
• Total lease area of around 33,400 m²
• Agreement on joint measures for energy efficiency improvements

Duisburg, 7 November 2023 – HAMBORNER REIT AG is reporting another success in its rental operations with the early renewal of leases with its long-term tenant, the DIY retailer OBI, at the locations Hilden, Leipzig and Aachen by five and ten years until 2034 and 2037 respectively. The total lease area of the properties acquired in 2010, 2011 and 2012 amounts to around 33,400 m².

Under the new agreement, special attention is to be paid to sustainability. Measures for the ongoing optimisation of the properties have been agreed that will contribute to more sustainable, resource-efficient and ecological management and use of the properties. Accordingly, extensive carbon-cutting measures will be carried out at the OBI locations in question in conjunction with portfolio optimisation, particularly in the area of technical building services.

 “We see the early renewal of the leases and the associated commitment to the locations by our long-term tenant OBI as a reward for and testament to our efforts for a positive and trusting relationship with our tenants,” said the member of the Management Board in charge at HAMBORNER REIT AG, Sarah Verheyen. She added: “We are especially pleased by the joint agreements for the ongoing energy efficiency optimisation of the properties. Moving forward as well, we intend to gear our leases towards sustainable criteria and thus to form the basis for the continuing decarbonisation of our property portfolio.”

The agreed measures were planned in close coordination between the partners and are expected to be implemented as early as 2024.

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 €1.5 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: info@ir.hamborner.de
Web: www.hamborner.de