Further letting success at DEMIRE: More than 30,000 m² newly let in LogistikPark Leipzig

 

- DB Schenker and MOBIS rent 19,400 m² in LogistikPark Leipzig

- Anchor tenant extends rental contract and expands rented space by roughly 11,000 m²

- Annualised rent at the Logistikpark Leipzig increases to EUR 4.5 million

- Occupancy rate improved to 10 % and WALT up to 3.7 years

 

Langen, 02 Dezember 2019. DEMIRE Deutsche Mittelstand Real Estate AG (ISN: DE000AOXFSFO) reports new lettings of 30,000 m² in LogistikPark Leipzig. The anchor tenant, a renowned RE-Commerce company, which has been a tenant at LogistikPark Leipzig since 2016, has expanded the existing rented space by 11,000 m² to 70,000 m² and has rented it on a long-term basis. In addition, 19,400 m² were leased to DB Schenker and MOBIS, two renowned companies in the logistics sector.

The vacancy rate at the LogistikPark Leipzig has dropped to 10 %, while the WALT has risen to 3.7 years. When DEMIRE acquired the property in 2015, the vacancy rate was still around 40 % and the WALT stood at 1.9 years. Hence, the repositioning of the asset has been successful.

With annual rental income of EUR 4.5 million, the LogistikPark Leipzig contributes about 5.3 % to DEMIRE's total annualised rental income of EUR 86.0 million. The LogistikPark offers attractive space for a balanced mix of industries such as event technology, e-commerce, and logistics service providers, among others.

With more than 140.000 m² let, DEMIRE has already now exceeded prior years letting performance significantly. The WALT of the portfolio has stabilised at 4.7 years, from 4.5 years at the beginning of the year.

Press & Investor Relations:

DEMIRE - Deutsche Mittelstand Real Estate AG

Michael Tegeder
Phone: +49 6103 - 372 49 44
Email: tegeder@demire.ag

About DEMIRE Deutsche Mittelstand Real Estate AG

DEMIRE - REALize Potential

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. DEMIRE holds a portfolio with a combined lettable area of around 1.1 million m² and a market value of more than EUR 1.4 billion.
The portfolio focus on office, retail and logistics assets results in exactly the kind of risk/return 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 rental revenues. DEMIRE has set itself the goal to keep optimising its corporate structure. To this end, it pursues an active property management approach, convinced 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.

Contact:
Michael Tegeder
Head of Investor Relations & Corporate Communications
DEMIRE Deutsche Mittelstand Real Estate AG
Telefon: +49 6103 372 4944
Email: tegeder@demire.ag