DGAP-News: DEMIRE significantly improves key figures of

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Nov 27, 2015 at 5:15 AM

DGAP-News: DEMIRE significantly improves key figures of Logistik Park Leipzig

DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Real Estate DEMIRE significantly improves key figures of Logistik Park Leipzig 27.11.2015 / 11:08 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Since acquisition in mid-2015: Net rent, excluding utilities + 14 % - WALT advances by +44 % - Continued progress in key figures expected Frankfurt, 27 November 2015 - The first signs of success following DEMIRE Deutsche Mittelstand Real Estate AG's ("DEMIRE", ISIN DE000A0XFSF0) purchase of the Logistik Park Leipzig in mid-July 2015 are now being reflected in the key figures. Thanks to the integrated platform that was built in the course of 2015 and contains the in-house asset, property and facility management activities, net rent excluding utilities managed to rise by 14 percent from its level of EUR 3.6 million at the time of the purchase to its current level of EUR 4.1 million. DEMIRE also achieved an extension in the lease terms, which resulted in a rise in the weighted average lease term, or WALT, by roughly 44 percent to approximately 2.7 years. Logistik Park Leipzig is a former logistics complex that belonged to Quelle. The complex has total rental space of roughly 184,000 mÂ² located on property of around 330,000 mÂ² about 10 km north of the Leipzig city centre and contains approximately 164,000 mÂ² of warehouse space, almost 20,000 mÂ² of office space and about 35,000mÂ² of surrounding area. The property also has two areas for expansion with roughly 38,000 mÂ² that already have building rights. Around 60 percent of the total space is currently leased and generates annualised net rent of around EUR 4.1 million. Based on encouraging discussions, DEMIRE expects to extract further potential from this extremely interesting logistics complex as indicated by the number of applications from potential tenants. The attraction of Logistik Park Leipzig stems from its excellent location near the trade fair centre and the BMW plant. The Leipzig region is also experiencing high demand for logistics space. "Within only a few short months, we were able to significantly improve the key figures of this large logistics property. Based on the number of rental applicants we expect to drop the vacancy rate over the medium term to below 10 % for this ideally situated property. We should also see a corresponding rise in the relevant operational key figures and thus continue to add significant value. This positive development not only confirms the potential of the favourably priced logistics property but also attests to the hard work of our in-house asset and property management. Overall, we see a validation of our acquisition strategy that prescribes a favourable entry into an insufficiently managed real estate with a subsequent rise in the potential value," explained DEMIRE's member of the Executive Board Markus Drews. The Executive Board Contact DEMIRE Deutsche Mittelstand Real Estate AG Lyoner StraÃe 32 60528 Frankfurt am Main Phone: +49 (0) 69-719 189 79 0 Telefax: +49 (0) 69-719 189 79 11 Email: ir@demire.ag Web: www.demire.ag Investor Relations GFEI Aktiengesellschaft Lars Kuhnke Phone: +49 (0) 511 47 40 23 10 Email: ir@demire.ag --------------------------------------------------------------------------- 27.11.2015 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: DEMIRE Deutsche Mittelstand Real Estate AG Lyoner StraÃe 32 60528 Frankfurt am Main Germany Phone: +49 (0)69 / 719 189 79 0 Fax: +49 (0)69 / 719 189 79 11 E-mail: info@demire.ag Internet: www.demire.ag ISIN: DE000A0XFSF0 WKN: A0XFSF Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 418443 27.11.2015

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