DEMIRE Deutsche Mittelstand Real Estate AG: ​​​​​​​momox continues to grow at LogPark Leipzig

DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Real Estate
18.01.2022 / 06:57
The issuer is solely responsible for the content of this announcement.

momox continues to grow at DEMIRE's LogPark Leipzig

Langen, 18 January 2022. DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has strengthened its relationship with LogPark Leipzig's largest tenant, the re-commerce company momox, and given it a long-term orientation. On the one hand, momox is extending the existing lease by another complete logistics hall with integrated office space measuring around 10,000 m². On the other hand, the existing leases of around 76,000 sqm, will be extended until 2026.

"momox has developed very successfully since its launch 18 years ago and continues to grow strongly. We feel very comfortable at LogPark Leipzig and are very happy to use the many advantages of this logistics hub. Of course, we were happy to take advantage of the fact that suitable space was available at this location for our next growth step and, in addition, we have already secured our existing site for the long term," says Heiner Kroke, CEO of momox AG.

Ingo Hartlief, CEO of DEMIRE AG, adds: "We are very pleased that momox continues to prosper, grow and commit to LogPark in the long term. We were happy to mobilise the necessary expansion space for this. We also see this as proof of the attractiveness of the DEMIRE LogPark, which we have been able to reposition in recent years with targeted asset management."


About momox
momox AG is the leading re-commerce company in Europe. The second hand pioneer buys used books, media articles and clothing from consumers at a fixed price. After a comprehensive quality control, the articles are then resold: The purchased books and media items such as CDs, DVDs/ Blu-rays & video games are offered by momox up to 70 percent cheaper compared to the fixed price in Germany on, in France on and worldwide on online marketplaces. The quality-checked second-hand clothes, shoes and accessories are sold on
German customers can sell no longer used books, media articles and fashion via or using the momox apps for iOS & Android. momox offers it's buying services also for customers in Austria, France & Belgium. With momox, people sell a large number of unused products quickly and with little effort at a fixed price. The resale of the items and the associated risk is taken over by momox.
Founded in 2004 and headquartered in Berlin, momox currently employs more than 2,250 people in four locations. Since its launch, more than 250 million items have been bought and resold. momox is the world's largest retailer of used goods on Amazon and ranks third on eBay.
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About DEMIRE Deutsche Mittelstand Real Estate AG

DEMIRE - REALize Potential

DEMIRE Deutsche Mittelstand Real Estate AG acquires and holds commercial real estate in mid-sized cities and up-and-coming locations bordering metropolitan areas across German. The Company's particular strength lies in realising the potential of the properties at these locations while focusing on a range of properties that appeals to both regional and international tenants. As of 31 December 2021, DEMIRE's portfolio contains of 64 assets with lettable space totalling about 1 million sqm. Including the proportionately acquired Cielo property in Frankfurt/Main, the market value amounts to so approximately EUR 1.7 billion.

The portfolio's focus on office properties with a blend of retail, hotel and logistics properties results in a return / risk structure that is appropriate for the commercial real estate segment. The Company places importance on long-term contracts with solvent tenants and the realisation of the properties' potential. DEMIRE anticipates continued stable and sustainable rental income along with solid value appreciation and expects the portfolio to grow significantly in the medium term. As it expands its portfolio, DEMIRE is concentrating on FFO-strong assets with potential and, at the same time, disposing of properties that are not in line with its strategy. DEMIRE is taking several steps to further the development of its operations and processes. Next to cost consciousness, the operating performance is set to improve through an active asset and portfolio management approach.

DEMIRE Deutsche Mittelstand Real Estate AG shares are listed in the Regulated Market (Prime Standard segment) of the Frankfurt Stock Exchange.


DEMIRE Deutsche Mittelstand Real Estate AG
Michael Tegeder
Head of Investor Relations & Corporate Finance
Phone: +49 6103 372 49 44


18.01.2022 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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