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PRESS RELEASE: Deutsche Industrie REIT-AG acquires three Light-Industrial Properties in Damsdorf, Dinslaken and Wedemark

| Quelle: Dow Jones Newsw... | Lesedauer etwa 3 min. | Text vorlesen Stop Pause Fortsetzen


DGAP-News: Deutsche Industrie REIT-AG / Key word(s): Acquisition
Deutsche Industrie REIT-AG acquires three Light-Industrial Properties in
Damsdorf, Dinslaken and Wedemark
2019-12-04 / 07:00
The issuer is solely responsible for the content of this announcement.

*Deutsche Industrie REIT-AG acquires three Light-Industrial Properties in
Damsdorf, Dinslaken and Wedemark*

Rostock, 04 December 2019 - Deutsche Industrie REIT-AG (ISIN DE000A2G9LL1)
has acquired three Light-Industrial Properties in Damsdorf (Brandenburg),
Dinslaken (Northrhine-Westphalia) and Wedemark (Lower Saxony) for its
portfolio for a total of EUR 13.3 million.

The warehouse property located southwest of Potsdam, next to the motorway
junction A10/A2 is located in the middle of Damsdorf (Brandenburg) and has a
rental area of 13,450 sqm. The Single Tenant property generates an annual
rent of kEUR 454 and has a remaining lease term of 1.1 years. The tenant
specializes in structured archiving of business-relevant documents and has
been at the location for more than twenty years. The net initial yield at a
purchase price of kEUR 3,300 is 13.8%.

The facility in *Dinslaken* is a classic production/logistics property with
a building area of 3,610 m² on a 22,243 m² site. The location is very
conveniently located in the immediate distance to the A3 motorway, which
connects the Dutch border through the Ruhr area to the Austrian border. The
transaction was carried out in a Sale and Lease Back with a Triple Net
rental agreement over five years plus option. The tenant is a mid-sized
company that is specialized in the production of safety lighting. The annual
net rent is kEUR 167. With a purchase price of kEUR 1,850, the net initial
yield is approx. 9.0%.

The logistics property located in *Wedemark* (Lower-Saxony) has an
advantageous connection to the A7 motorway just north of the state capital
Hannover. The property is used almost entirely by a large international
automobile group, has a total rental area of 20,180 m² and a vacancy rate of
approximately 4.6%. The annual net rent is currently kEUR 833, the WALT is
approx. 0.4 years. Considering the assets high divisibility possibilities,
favourable location, third party usability and short WALT there is a high
probability for further rent growth. The purchase price of kEUR 8,150
corresponds to an initial net yield of approx. 10.2%.

For the total investment of kEUR 13,300, the net initial yield for these
three properties is 10.9%. The transfer of ownership is expected to take
place in the first quarter of 2020.

Including the latest transactions, Deutsche Industrie REIT-AG has a total
portfolio of 62 properties with an annualised total rent of around EUR 40.2
million and a portfolio value of around EUR 472 million.

Detailed information about the Deutsche Industrie REIT-AG can be found
under:
https://www.deutsche-industrie-reit.de/en/

Contact:
Deutsche Industrie REIT-AG
Mr René Bergmann
Chief Financial Officer
August-Bebel-Str. 68
14482 Potsdam
Tel. +49 331 740 076 535

2019-12-04 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 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: 927567

End of News DGAP News Service

927567 2019-12-04



(END) Dow Jones Newswires

December 04, 2019 01:00 ET ( 06:00 GMT)
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