Brief: Hamborner Reit Secures City Of Mainz As Tenant For Manage-To-Core Property

HAMBORNER REIT AG

24/04/2023 06:02

April 24 (Reuters) - HAMBORNER REIT AG  HABAn.DE :
    * HAMBORNER REIT AG ACHIEVES KEY LETTING SUCCESS AND SECURES
CITY
OF MAINZ AS NEW TENANT FOR MANAGE-TO-CORE PROPERTY
    * LEASE, WHICH WAS ORIGINALLY DUE TO END IN SPRING OF 2024,
WAS
DISSOLVED EARLY AFTER CITY OF MAINZ WAS SECURED AS A NEW TENANT
OF GOOD CREDIT STANDING
    * PROPERTY HAS A RENTAL AREA OF AROUND 7,750 M² AND WAS
FULLY LET
TO A SINGLE TENANT SO FAR
    * IN EVENT OF LEGAL REGULATIONS CHANGING AND SPECIAL RIGHT
OF
TERMINATION NOT BEING EXERCISED, PARTNERS INTEND TO CONTINUE
THEIR COOPERATION BEYOND 2027
    * BASED ON LATEST EXTERNAL PORTFOLIO VALUATION, PROPERTY WAS
APPRAISED AT A VALUE OF AROUND 21.5% ABOVE ORIGINAL PURCHASE
PRICE
    * CONTRACT INCLUDES GREEN LEASE CLAUSES THAT ENSURE, FOR
INSTANCE,
THAT PROPERTY WILL BE SUPPLIED WITH RENEWABLE ENERGIES
    * PARTNERS INTEND TO CONTINUE THEIR COOPERATION BEYOND 2027
    * BASED ON LATEST EXTERNAL PORTFOLIO VALUATION, PROPERTY WAS
APPRAISED AT A VALUE OF AROUND 21.5% ABOVE ORIGINAL PURCHASE
PRICE

Further company coverage:  HABAn.DE 

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