DGAP-News: Deutsche Konsum REIT acquires two food-anchored properties for EUR 15 million/Annual report 2018/2019 published

Press release

Deutsche Konsum REIT acquires two food-anchored properties for EUR 15 million/Annual report 2018/2019 published

Broderstorf, 18 December 2019 - With recent notarisations Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) has acquired a hypermarket in Trier (Rhineland-Palatinate) and a grocery discounter store in Herzebrock-Clarholz (North Rhine-Westphalia).

The property in Trier is known as "Mosel-Einkaufs-Zentrum" and is situated in an excellent and well-established retail location. The property has a rental area of around 11,600 m² and is rented to real,- hypermarket (Metro Group) as a triple-net agreement which is favourable for DKR in terms of the operating margin. The WALT is currently around 2.0 years and features prolongation options.

Moreover DKR has acquired a grocery discounter store in Herzebrock-Clarholz with a rental space of around 1,000 m² which is rented to Netto (EDEKA Group). The WALT currently is 1.3 years plus prolongation options.

The total annual rent of both properties amounts to around EUR 2.0 million.

Including these acquisitions in the financial year 2019/2020 the property portfolio of Deutsche Konsum grew by 14 properties with a purchase volume of around EUR 90 million already. Thus, the total portfolio (pro forma) currently comprises of 136 properties with a total rental space of more than 820,000 m² and a book value of around EUR 715 million as well as an annual rent of around EUR 57.5 million.

In addition, DKR is in concrete purchasing processes and expects further acquisitions shortly.

Moreover DKR has published its annual report 2018/2019 which can be downloaded on our website under https://www.deutsche-konsum.de/en/investor-relations/financial-reports/ from now.

About Deutsche Konsum
Deutsche Konsum REIT-AG based in Broderstorf is a listed real estate company focusing on retail properties in Germany for goods required for daily use in established micro-locations. The focus of the company's activities is on the management and development of real estate with the aim of achieving a steady increase in value and the realisation of hidden reserves. The steadily increasing current property portfolio of Deutsche Konsum comprises of 136 retail properties with an annualised rent of around EUR 57 million.

Due to its REIT status ('Real Estate Investment Trust'), the company is exempt from corporation and trade tax. The shares of the company are listed on the Prime Standard of the Deutsche Boerse (ISIN: DE 000A14KRD3).

Contact:
Deutsche Konsum REIT-AG
Stefanie Frey
Investor Relations
E-Mail: [email protected]
Phone: +49 (0) 331 74 00 76 - 533