DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Real
Estate/Miscellaneous
DEMIRE Deutsche Mittelstand Real Estate AG: DEMIRE relocates offices to
Group property located in Langen near Frankfurt
21.09.2016 / 11:28
The issuer is solely responsible for the content of this announcement.
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DEMIRE relocates offices to Group property located in Langen near Frankfurt
Frankfurt/Main, 21 September 2016 - DEMIRE Deutsche Mittelstand Real Estate
AG (ISIN: DE000A0XFSF0) will relocate its offices in November 2016 from
their current location in Frankfurt/Main to Langen near Frankfurt. The new
leased property located at Robert-Bosch-Straße 11 is owned by a subsidiary
of the subgroup Fair Value REIT-AG. The five-year lease agreement for the
space consisting of roughly 1,200 m² increases the income-weighted
occupancy rate of this property from almost 60 % as per June 30, 2016 to
nearly 70 % of the achievable rents at full occupancy.
Markus Drews, COO of DEMIRE AG commented: "The space in Langen is a good
fit for DEMIRE as a fast-growing holder of commercial property in secondary
locations in Germany - modern, well-situated office property, attractive
rents and comparably low trade tax rates. Not only that, but we also
increase the occupancy of our own Group portfolio. Our relocating to a
secondary location is in line with our strategy and, moreover, a sensible
move".
Contact information
DEMIRE Deutsche Mittelstand Real Estate AG
Lyoner Straße 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
_______________________________________
About DEMIRE - First in secondary locations
DEMIRE Deutsche Mittelstand Real Estate AG has commercial real estate
holdings in mid-sized cities and up and coming areas bordering German
metropolitan areas. As at June 30, 2016, DEMIRE held real estate consisting
of 178 properties with a market value of EUR 982 million. As at the
reporting date, contractual rents had been firmly agreed upon in the amount
of EUR 74.2 million (at an occupancy rate of 87.8 % of the potential rents
of EUR 84.5 million) for a term of 5.4 years.
DEMIRE aims to maintain its corporate organisation as lean as possible,
although it still believes that economies of scale and portfolio
optimisation are best achieved by having its own in-house asset, property
and facility management. This safeguards the Company's business expertise
and, equally important, allows the Company to maintain direct contact with
the customer.
DEMIRE Deutsche Mittelstand Real Estate AG shares (ISIN: DE000A0XFSF0) are
listed in the Prime Standard segment of the Deutsche Börse in Frankfurt.
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21.09.2016 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.
Archive at www.dgap.de
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Language: English
Company: DEMIRE Deutsche Mittelstand Real Estate AG
Lyoner Straße 32
60528 Frankfurt am Main
Germany
Phone: +49 (0)69 / 719 189 79 0
Fax: +49 (0)69 / 719 189 79 11
E-mail: ir@demire.ag
Internet: www.demire.ag
ISIN: DE000A0XFSF0
WKN: A0XFSF
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard);
Regulated Unofficial Market in Dusseldorf, Stuttgart,
Tradegate Exchange
End of News DGAP News Service
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504009 21.09.2016
DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG: DEMIRE relocates offices to Group property located in Langen near Frankfurt
| Source: EQS Group AG