Brief: Deutsche Konsum REIT Buys Three Retail Properties, Sells Two Portfolio Properties

Deutsche Konsum Real Estate AG

08/02/2022 06:15

Feb 8 (Reuters) - DEUTSCHE KONSUM REIT-AG  DKG.DE :
    * ACQUIRES THREE RETAIL PROPERTIES WITH NON-CYCLICAL TENANTS
AND
SELLS TWO PORTFOLIO PROPERTIES
    * HAS ACQUIRED A GROCERY DISCOUNTER IN HATTORF AM HARZ
(LOWER
SAXONY), A RETAIL STORE IN BIRKENFELD (RHINELAND-PALATINATE) AND
A LOCAL RETAIL CENTRE IN DESSAU-ROßLAU (SAXONY-ANHALT) BY
NOTARIAL DEEDS IN INDIVIDUAL TRANSACTIONS
    * VACANT PROPERTY IN BERATZHAUSEN (BAVARIA) AND A DIY STORE
IN
NEUMÜNSTER (SCHLESWIG-HOLSTEIN) WERE SOLD AT ATTRACTIVE
CONDITIONS
    * TOTAL PURCHASE PRICE OF THREE PROPERTIES IS APPROXIMATELY
EUR
6.1 MILLION
    * AVERAGE PURCHASE YIELD OF 8.6 % WITH A WALT OF 3.9 YEARS
AND A
VACANCY RATE OF 3.0 %
    * NOTARISED SALE OF PORTFOLIO PROPERTIES IN BERATZHAUSEN AND
NEUMÜNSTER IN Q1 OF FINANCIAL YEAR FOR A TOTAL SALES PRICE OF
AROUND EUR 4.6 MILLION

Source text for Eikon:  ID:nEQbhzXhza 
Further company coverage:  DKG.DE 

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