DEMIRE Deutsche Mittelstand Real Estate AG: Amazon rents 20,000 m² in DEMIRE's LogistikPark Leipzig

DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Miscellaneous/Miscellaneous23.06.2020

DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Miscellaneous/Miscellaneous
23.06.2020 / 07:15
The issuer is solely responsible for the content of this announcement.

 

Amazon rents 20,000 m² in DEMIRE's LogistikPark Leipzig

- Amazon assembles new warehouse and distribution centre

- Construction being built on the open space of the DEMIRE area

Langen / Leipzig, 23 June 2020. DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has leased 20,000 m² of rental space in the LogistikPark Leipzig to the online retailer Amazon. Amazon will assemble a Modular Delivery Station and use it as a storage and distribution centre. The rented space is a previously unused open space on the LogistikPark site. The resulting structure is designed for 365 days a year operation. The online retailer also rents 100 parking spaces.

DEMIRE Deutsche Mittelstand Real Estate AG is repositioning the LogistikPark Leipzig to meet the dedicated demands of modern logistics and distribution companies. The building complex, which was constructed in 1994 and has a total rental space of around 179,000 m², is currently more than 90% let. Back in November 2019, DEMIRE succeeded in concluding a lease agreement with the Korean automotive supplier Mobis Parts Europe for 10,060 m² of logistics space. The site is located in the direct vicinity of the Leipzig trade fair and has excellent connections to local and long-distance transport. There are connections to the A9, A14 and A38 motorways. The LogistikPark also has its own railway siding for freight and long-distance traffic and is close to the airport.


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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 medium-sized towns and up-and-coming peripheral locations of conurbations throughout Germany. The company's particular strength lies in realising real estate economic potential in these locations and concentrates on a range of services that is attractive to both internationally active and regional tenants. As of 31 March 2020, DEMIRE has a real estate portfolio of 87 properties with a lettable area of more than 1.1 million square metres and a market value of more than EUR 1.5 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.

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Media & Investor Relations

Michael Tegeder
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Phone: + 49 6103 3724944
Email:


 


23.06.2020 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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Contact
DEMIRE Deutsche Mittelstand Real Estate AG
Robert-Bosch-Straße 11
63225 Langen
phone: +49 (0) 6103 – 372 49-0
fax: +49 (0) 6103 – 372 49-11
email:
Web: www.demire.ag

INVESTOR RELATIONS CONTACT
Michael Tegeder
Head of Investor Relations
& Corporate Finance

phone: +49 (0) 6103 37249 44
fax: +49 (0) 6103 37249 11
email:

Feldhoff & Cie. GmbH
Herr Markus Heber
phone: +49 69 26 48 677 – 19
email: