Deutsche REIT AG (ISIN DE0005577001) has acquired another four commercial properties for its Pre-REIT, DR Commercial 1 AG.
With the acquisition of three public properties, Deutsche REIT is now also developing this particularly attractive market. Two office buildings in Bonn and a police office building are on long-term leases to first-class publicly funded tenants, i.e. the State of North Rhine-Westphalia and the University of Bonn. In addition, Pre-REIT DR Commercial 1 AG has procured a specialist retail market which is leased on attractive terms. This blend of conservative and high-opportunity investments reflects Pre-REIT’s portfolio strategy.
The initial return on these properties with a total rental area of some 13,200 square metres is approximately 7.1%. Deutsche REIT is already negotiating further acquisitions for Pre-REIT and intends to represent a volume of EUR 350 to EUR 500 million in the near future.
With the acquisition of three public properties, Deutsche REIT is now also developing this particularly attractive market. Two office buildings in Bonn and a police office building are on long-term leases to first-class publicly funded tenants, i.e. the State of North Rhine-Westphalia and the University of Bonn. In addition, Pre-REIT DR Commercial 1 AG has procured a specialist retail market which is leased on attractive terms. This blend of conservative and high-opportunity investments reflects Pre-REIT’s portfolio strategy.
The initial return on these properties with a total rental area of some 13,200 square metres is approximately 7.1%. Deutsche REIT is already negotiating further acquisitions for Pre-REIT and intends to represent a volume of EUR 350 to EUR 500 million in the near future.
