Deutsche Industrie REIT-AG acquires three Light-Industrial Properties in Dortmund, Schwerin and Barleben

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DGAP-News: Deutsche Industrie REIT-AG / Key word(s): Acquisition08.05.2019 / 14:38 The issuer is solely

Deutsche Industrie REIT-AG acquires three Light-Industrial Properties in Dortmund, Schwerin and Barleben

DGAP-News: Deutsche Industrie REIT-AG / Key word(s): Acquisition

08.05.2019 / 14:38
The issuer is solely responsible for the content of this announcement.


Deutsche Industrie REIT-AG acquires three Light-Industrial Properties in Dortmund, Schwerin and Barleben

Rostock, 08 May 2019 - Deutsche Industrie REIT-AG (ISIN DE000A2G9LL1) has acquired three Light-Industrial Properties in Dortmund, Schwerin and Barleben.

The two warehouse properties in Dortmund and Schwerin are single-tenant properties leased to well-known logistics and trading companies. The properties are located close to the city centres and have good transport connections. Together, the two properties have a rental space of 6,215 sqm and generate an annual rent of kEUR 396. The lease in Dortmund has a fixed term until the end of 2021. The property in Schwerin is let until the end of 2023. The net initial yield is 9.5% at a purchase price of kEUR 4,170.

The acquisition in Barleben near Magdeburg is a Sale-and-Lease-Back transaction with a packaging manufacturer in the pharmaceutical industry. The modern production and warehouse building, which is located in an business park directly on the motorway A2, has a rental space of 10,400 sqm. In the course of the purchase, a rental agreement with an annual rent of kEUR 516 and a term of ten years was concluded. The net initial yield at a purchase price of kEUR 5,550 is 9.3%.


Detailed information about the German Industry 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


08.05.2019 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.

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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: www.deutsche-industrie-reit.de
ISIN: DE000A2G9LL1, DE000A2GS3T9
WKN: A2G9LL, A2GS3T
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard)
EQS News ID: 808639


 
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