DEMIRE Deutsche Mittelstand Real Estate AG secures a further commercial property in Schwerin


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

2015-04-13 / 11:18


DEMIRE secures a further commercial property in Schwerin

Frankfurt/Main, 13 April 2015 - DEMIRE Deutsche Mittelstand Real Estate AG ("DEMIRE", ISIN DE000A0XFSF0) together with another investor acquired a project company and with this acquisition has secured a further commercial property in the German federal state capital city of Schwerin. The DEMIRE real estate group had already purchased the neighbouring building in August 2014.

The project company owns an office building that was built in 1993 and modernised in 2013/2014 as part of what is known as "Margarentenhof" near the center of Schwerin. For the approximately 5,240 sqm of office space, long-term rental agreements are in place with the Schwerin Job Centre and the Federal Employment Agency, which ensure a secure and sustainable rental of the property. The tenants also include a restaurant business. Net rental income, excluding utilities, amounts to approximately EUR 0.55 million p.a.

DEMIRE has the option to acquire the co-investor's interest in the project company at a later date and with that the opportunity to fully acquire the commercial property. The contents of the agreement have not been disclosed.

The Executive Board

About DEMIRE Deutsche Mittelstand Real Estate

Leading holder of commercial real estate

DEMIRE Deutsche Mittelstand Real Estate AG is transforming itself into a leading holder of German commercial real estate. The real estate group, headquartered in Frankfurt, pursues a growth strategy focussed on German office properties. The commercial real estate portfolio currently consists of approximately 410,000 sqm of rentable space. The annualised net rental income excluding utilities amounts to approximately EUR 29.0 million. The regional focus is in Bavaria and North Rhine Westphalia. The internal Asset & Property and Facility Management activities ensure the optimum management of the holdings.

The DEMIRE real estate group pursues a buy-and-hold-strategy combined with active portfolio management. It is concentrated on both the value-added and core-plus investment approaches. The combination of these two approaches offers a balanced risk-return ratio and attractive opportunities.

The DEMIRE real estate group is the successor company of Magnat Real Estate AG which was founded in 2006. Due to its lean structure, the real estate group is able to take action quickly and in a flexible manner. The shares of DEMIRE Deutsche Mittelstand Real Estate AG (ISIN DE000A0XFSF0) are listed in the regulated market (General Standard Segment) of the Frankfurt Stock Exchange. The share performance impressively shows the real estate group's successful business development.

Contact

DEMIRE Deutsche Mittelstand Real Estate AG
Lyoner Straße 32
60528 Frankfurt am Main
Phone: +49 (0) 69-719 189 79 0
Fax: +49 (0) 69-719 189 79 11
Email: ir@demire.ag
Web: www.demire.ag

Investor Relations
GFEI Aktiengesellschaft
Lars Kuhnke
Phone: +49 (0) 511 47 40 23 10
Email: ir@demire.ag





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