DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Real Estate/Sales Result
DEMIRE leases 7,350 square metres to toom in Münster

29.05.2018 / 08:00
The issuer is solely responsible for the content of this announcement.


DEMIRE leases 7,350 square metres to toom in Münster

Langen, 29 May 2018 - DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has renewed the lease for a DIY store at Hammerstrasse 455-459 in Münster (North Rhine Westphalia). The property is owned by the subsidiary BBV 10. Earlier than scheduled, the current tenant, toom, signed a new lease for a term of ten years from February 2019. As a result of the early renewal, the average remaining term of leases has increased from around one to around 11 years. The property, which was built in 1991, has a rental area of around 7,350 square metres and 200 parking spaces. The one-floor DIY store with garden centre is conveniently located for motorists right on the busy B54.

Münster has a centrality index of 127 (Germany: 100) and a purchasing power index of 107 (Germany: 100), which puts it ahead of the German average.

Press Contact
Rueckerconsult GmbH
Wallstrasse 16
D-10179 Berlin
Phone: +49 30 28 44 987 65
demire@rueckerconsult.de

Contact Details
DEMIRE Deutsche Mittelstand Real Estate AG
Robert-Bosch-Strasse 11
D-63225 Langen
Phone: +49 (0) 6103 - 372 49 - 0
Fax: +49 (0) 6103 - 372 49 - 11
ir@demire.ag
www.demire.ag
_______________________________________
About DEMIRE Deutsche Mittelstand Real Estate AG
DEMIRE - First in Secondary Locations
DEMIRE Deutsche Mittelstand Real Estate AG has commercial real estate holdings in mid-sized cities and up-and-coming locations bordering German metropolitan areas. The company's specific forte is its focus on these second-tier cities - its claim being "First in Secondary Locations" - and on a range of assets that appeals to both internationally active and regionally rooted tenants. Having expanded rapidly between 2013 and 2016 both by buying single properties and by acquiring equity interests, DEMIRE held a portfolio with a combined lettable area of around 1 million sqm and a fair market value of more than EUR 1 billion by the end of the 2017 financial year.
 
The portfolio focus on office, retail and logistics assets results in exactly the kind of risk/reward structure that DEMIRE considers appropriate for the business line of commercial real estate. The Company puts a premium on long-term contracts with solvent tenants in anticipation of stable and sustainable rent revenues. DEMIRE has set itself the goal to keep optimising its corporate structure. To this end, it pursue an active property management approach out of the conviction that it is the best way to achieve economies of scale and portfolio optimisations.
 
DEMIRE Deutsche Mittelstand Real Estate AG shares (ISIN: DE000A0XFSF0) are listed in the Prime Standard segment of the Frankfurt Stock Exchange.


29.05.2018 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: DEMIRE Deutsche Mittelstand Real Estate AG
Robert-Bosch-Straße 11 im 'the eleven'
63225 Langen (Hessen)
Germany
Phone: +49 6103 37249-0
Fax: +49 6103 37249-11
E-mail: ir@demire.ag
Internet: www.demire.ag
ISIN: DE000A0XFSF0
WKN: A0XFSF
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

690197  29.05.2018 

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