Brief: DEMIRE Buys Four Office Properties For EUR 167 Mln

Demire Deutsche Mittelstand Real Estate AG

02/11/2018 06:34

Nov 2 (Reuters) - Demire Deutsche Mittelstand Real Estate AG
 DMRE.DE :
    * DGAP-NEWS: DEMIRE: PORTFOLIO GROWS TO AROUND EUR 1.3
BILLION -
FOUR OFFICE PROPERTIES PURCHASED FOR APPROXIMATELY EUR 167
MILLION
    * REAL ESTATE PURCHASES MADE FOR AN INVESTMENT VOLUME OF
AROUND
EUR 167 MILLION
    * INCREASE OF APPROXIMATELY EUR 8.6 MILLION IN NET COLD RENT
P.A.
BASED ON TOTAL RENTAL SPACE OF AROUND 89,000 M² AND A WALT OF
ROUGHLY 3.5 YEARS
    * TRANSFER OF OWNERSHIP, BENEFITS AND OBLIGATIONS EXPECTED
IN Q1
2019
    * BASED ON VALUES AS AT 30 JUNE 2018, MARKET VALUE OF DEMIRE
GROUP'S REAL ESTATE PORTFOLIO WILL INCREASE TO APPROXIMATELY EUR
1.3 BILLION WITH TRANSACTION'S COMPLETION

Source text for Eikon:  ID:nEQ7nCTTHa 
Further company coverage:  DMRE.DE 

 (Reporting by Riham Alkousaa)
 ((Riham.Alkousaa@thomsonreuters.com;))