Brief: Hamborner REIT Acquires Retail Property In Lengerich

HAMBORNER REIT AG

26/09/2019 06:58

Sept 26 (Reuters) - HAMBORNER REIT AG  HABG.DE :
    * ACQUIRES RETAIL PROPERTY IN LENGERICH
    * WEIGHTED REMAINING TERM OF LEASES IS AROUND 13 YEARS
    * WITH ANNUAL RENTAL INCOME OF EUR0.73 MILLION, PURCHASE
PRICE OF
PROPERTY IS EUR14.2 MILLION WITH A GROSS INITIAL YIELD OF 5.2%
    * PAYMENT OF PURCHASE PRICE AND TRANSFER OF OWNERSHIP OF
PROPERTY
ARE PROVISIONALLY SCHEDULED FOR Q4 OF 2019

Source text for Eikon:  ID:nEQ53pvh2a 
Further company coverage:  HABG.DE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com;))