DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Real Estate/Acquisition DEMIRE completes acquisition of Kurfürsten Galerie in Kassel 13.01.2016 / 09:25 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- DEMIRE completes acquisition of Kurfürsten Galerie in Kassel - All transactions announced in 2015 successfully completed, including takeover of Fair Value-REIT AG - Portfolio now contains more than 1.1 million m² and annual net rental income, excluding utilities, of roughly EUR 77.7 million - 2016 Outlook: Further growth and continued improvement in financial structure Frankfurt/ Main, 13 January 2016 - The Executive Board of DEMIRE Deutsche Mittelstand Real Estate AG ("DEMIRE", ISIN DE000A0XFSF0) completed the acquisition of an interest of 94.9% in Kurfürsten Galerie GmbH, Kassel. The retail property, located directly across from the "City-Point Kassel Einkaufszentrum" in the centre of Hesse's third largest city, has a total space of approximately 21,000 m² and includes the largest parking garage with around 600 parking spaces located in the northern inner city of Kassel. As the first shopping mall in Kassel completed in the year 1991, the commercial property's net rental income, excluding utilities, amounts to roughly EUR 3.9 million. The tenants include a hotel, a casino, retailers as well as offices and doctors' practices. This purchase of an additional retail property further expands DEMIRE's retail asset class - the Company's third asset class next to office and logistics. With the completion of the transaction, all of the acquisitions and transactions announced in 2015 are complete, including the acquisition of Fair Value-REIT AG. DEMIRE's entire portfolio now comprises more than 1.1 million m² (66% office property, 24% retail property, 7% logistics property and 3% other property) and net rental income, excluding utilities, amounts to approximately EUR 77.7 million. Based on total shares outstanding as of 31 December 2015 of 49,292,285, the Executive Board expects the EPRA NAV to be significantly higher than the current share price. Based on the economic key ratios achieved in 2015, DEMIRE's management plans to grow further in 2016. The Company also aims at the continued improvement of its balance sheet and financial structure. In addition to its focus on portfolio expansion and balance sheet improvements, the Company will concentrate on developing its existing portfolio, which includes a continued reduction in vacancies and new rental agreements through the Company's integrated property management system and in-house property, asset and facility management. 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 Fax: +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 --------------------------------------------------------------------------- 13.01.2016 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 --------------------------------------------------------------------------- 428891 13.01.2016
DGAP-News: DEMIRE completes acquisition of Kurfürsten
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