Business news for the stock market
Potsdam (pta023/11.05.2021/09:26) - Deutsche Industrie REIT AG (ISIN DE000A2G9LL1) acquires three commercial properties in Wilnsdorf, Neustadt and Frickenhausen for a total of approximately TEUR 10,201
The production and logistics property located in Wilnsdorf (North Rhine-Westphalia) was acquired as part of a Sale-and-Lease-Back transaction. Wilnsdorf lies in the southwest of North Rhine-Westphalia. Since 1923, the property has been used as headquarter of an internationally active supplier of top-quality products for modern cold forming and the manufacturing of tools on behalf of customers. As part of the transaction, the property with a site area of around 24,424 sqm was leased back by the previous owner and user for 15 years plus a further extension option for a one-off period of 5 years. The annual net rent was agreed at TEUR 300 for the total usable area of the property, which measures around 10,581 m². The purchase price amounted to TEUR 2,500, resulting in a gross initial yield of around 12.0%.
The property in Neustadt, county of Hannover (Lower Saxony), is a currently vacant production and logistics property that is to be converted into a functioning business park in the future. The property consists of a total lettable area of around 27,000 m² and a site area of around 89,900 m². It is located on the B442 and B6 federal roads and has good superregional connections to the A2 and A7 federal motorways. The property is particularly attractive due to its proximity to Hannover, as well as due to the divisibility of the individual building areas and the direct location on an active railway line, to which the property can be connected if required. The property was acquired at a purchase price of TEUR 2,320.
The municipality of Frickenhausen (Baden-Württemberg) is located in the district of Esslingen, southwest of Stuttgart, which is strongly characterised by German medium-sized businesses. The production property, which was acquired as part of a partial Sale-and-Lease-Back, has a total lettable area of approx. 10,270 m² consisting of several building sections. The production halls are largely used by a tenant from the metalworking industry who has been resident at the site for many years and with whom a tenancy agreement was concluded during the transaction for 10 years plus three times a five-year extension option. The adjoining buildings are fully let to a trading company and a craft business. The future annual net rent will amount to TEUR 530 with a weighted remaining term of 9.4 years. The purchase price amounts to TEUR 5,381, resulting in a gross initial yield of approximately 9.8%.
Detailed information about Deutsche Industrie REIT-AG can be found at:
emitter: Deutsche Industrie REIT-AG
address: August-Bebel-Str. 68, 14482 Potsdam
contact person: René Bergmann
phone: +49 331 740 076 535
ISIN(s): DE000A2G9LL1 (share), DE000A2GS3T9 (bond), DE000A2YNQU1 (bond)
stock exchanges: regulated market in Frankfurt, Berlin