DEMIRE Deutsche Mittelstand Real Estate AG, DE000A0XFSF0

DEMIRE extends lease of 4,000 sq.m. in Bad Vilbel

07.12.2023 - 07:30:06

DEMIRE extends lease of 4,000 sq.m. in Bad Vilbel. DEMIRE Deutsche Mittelstand Real Estate AG / DE000A0XFSF0

DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Real Estate


07.12.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


Langen, Germany, 7 December 2023. DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has signed a ten-year lease extension with its tenant Bad Homburger Inkasso GmbH for 4,000 sq.m. of office space in Bad Vilbel near Frankfurt. Bad Homburger Inkasso GmbH (BHI) provides receivables and collateral management and collection services on behalf of the Sparkassen-Finanzgruppe (Savings Bank Financial Group) and its commercial and municipal customers throughout Germany. The office building in Bad Vilbel offers a total of 27,600 sq.m. of rental space with convenient access to public transportation as well as motorway access by way of the B3. End of press release   About DEMIRE Deutsche Mittelstand Real Estate AG Deutsche Mittelstand Real Estate AG acquires and holds commercial real estate in mid-sized cities and up-and-coming locations bordering metropolitan areas across Germany. The Company's particular strength lies in realising the potential of the properties at these locations while focusing on a range of properties that appeals to both regional and international tenants. As of 30 September 2023, DEMIRE's portfolio comprises 60 assets with a lettable space of approx. 0.861 million sqm. Including the proportionately acquired Cielo property in Frankfurt/Main, the market value amounts to approximately EUR 1.4 billion as of 30 September 2023. The portfolio's focus is on office properties with a blend of retail, hotel and logistics properties resulting in a return / risk structure that is appropriate for the commercial real estate segment. The Company places importance on long-term contracts with solvent tenants and the realisation of the properties' potential. DEMIRE anticipates continued stable and sustainable rental income along with solid value appreciation. DEMIRE aims to expand its portfolio significantly in the medium term. The company focuses on assets contributing strongly to the FFO and properties with the potential for additional value creation. Properties that are not in line with this strategy will be sold. DEMIRE is being further developed operationally and procedurally with numerous measures. The company plans to enhance its operating performance through cost discipline as well as an active asset and portfolio management approach. DEMIRE Deutsche Mittelstand Real Estate AG AG (ISIN: DE000A0XFSF0) shares are listed in the Regulated Market (Prime Standard segment) of the Frankfurt Stock Exchange.   Press contact: Julius Stinauer
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Telefon: +49 6103 372 4944
Email: stinauer@demire.ag


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Language: English
Company: DEMIRE Deutsche Mittelstand Real Estate AG
Robert-Bosch-Straße 11
63225 Langen (Hessen)
Germany
Phone: +49 6103 37249-0
Fax: +49 6103 37249-11
E-mail: ir@demire.ag
Internet: www.demire.ag
ISIN: DE000A0XFSF0
WKN: A0XFSF
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1790897

 
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