DEMIRE Deutsche Mittelstand Real Estate AG: DEMIRE acquires another commercial property in Munich in line with its strategy

DEMIRE Deutsche Mittelstand Real Estate AG  / Key word(s): Real Estate

01.04.2014 15:39

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Frankfurt/Main, April 1, 2014 - DEMIRE Deutsche Mittelstand Real Estate AG
("DEMIRE", ISIN DE000A0XFSF0) is determined to further expand its portfolio
of commercial property in Germany. Only a few weeks after DEMIRE's first
transaction, the Company has purchased an additional office property in
Munich as per March 31, 2014. This property has an area of approximately
10,000 m².

The purchase price amounted to approximately EUR 7 million. The annual
rental income from this property is currently EUR 0.65 million. Through
active asset management, the vacancy rate should improve considerably from
the current level of around one third and result in a clear increase in the
rental yield. This investment is in line with DEMIRE's investment strategy
of purchasing undervalued properties in promising locations in Germany and,
after revitalisation, repositioning them in the market.

DEMIRE is currently intensely examining the purchase of additional
commercial properties in Germany. The Company has sufficient financial
funds available as a result of the convertible bond which was fully placed
a few months ago.


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Language:     English
Company:      DEMIRE Deutsche Mittelstand Real Estate AG
              Lyoner Straße 32
              60528 Frankfurt am Main
              Germany
Phone:        +49 (0)69  / 719 189 79 0
Fax:          +49 (0)69  / 719 189 79 11
E-mail:       info@demire.ag
Internet:     www.demire.ag
ISIN:         DE000A0XFSF0
WKN:          A0XFSF
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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