Further letting success at DEMIRE: More than 30,000 m² newly let in LogistikPark Leipzig
DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Miscellaneous Further letting success at DEMIRE: More than 30,000 m² newly let in LogistikPark Leipzig
- DB Schenker and MOBIS rent 19,400 m² in LogistikPark Leipzig - Anchor tenant extends rental contract and expands rented space by roughly 11,000 m² - Annualised rent at the Logistikpark Leipzig increases to EUR 4.5 million - Occupancy rate improved to 10 % and WALT up to 3.7 years
Langen, 02 Dezember 2019. DEMIRE Deutsche Mittelstand Real Estate AG (ISN: DE000AOXFSFO) reports new lettings of 30,000 m² in LogistikPark Leipzig. The anchor tenant, a renowned RE-Commerce company, which has been a tenant at LogistikPark Leipzig since 2016, has expanded the existing rented space by 11,000 m² to 70,000 m² and has rented it on a long-term basis. In addition, 19,400 m² were leased to DB Schenker and MOBIS, two renowned companies in the logistics sector. The vacancy rate at the LogistikPark Leipzig has dropped to 10 %, while the WALT has risen to 3.7 years. When DEMIRE acquired the property in 2015, the vacancy rate was still around 40 % and the WALT stood at 1.9 years. Hence, the repositioning of the asset has been successful. With annual rental income of EUR 4.5 million, the LogistikPark Leipzig contributes about 5.3 % to DEMIRE's total annualised rental income of EUR 86.0 million. The LogistikPark offers attractive space for a balanced mix of industries such as event technology, e-commerce, and logistics service providers, among others. With more than 140.000 m² let, DEMIRE has already now exceeded prior years letting performance significantly. The WALT of the portfolio has stabilised at 4.7 years, from 4.5 years at the beginning of the year. Press & Investor Relations: DEMIRE - Deutsche Mittelstand Real Estate AG Michael Tegeder About DEMIRE Deutsche Mittelstand Real Estate AG Contact: Michael Tegeder Head of Investor Relations & Corporate Communications DEMIRE Deutsche Mittelstand Real Estate AG Telefon: +49 6103 372 4944 Email: tegeder@demire.ag 02.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | DEMIRE Deutsche Mittelstand Real Estate AG |
Robert-Bosch-Straße 11 im 'the eleven' | |
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: | 925343 |
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