DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG: DEMIRE is letting around 4,600sqm in Düsseldorf office complex

DEMIRE is letting around 4,600sqm in Düsseldorf office complex

- Social Insurance for Agriculture, Forestry and Horticulture rents 1.500sqm

- New external appearance as 'TRIO Campus Heerdt' launched

- DEMIRE's active asset management pays off for tenants

Langen / Düsseldorf, 18 September 2020 - The repositioning of the office complex at Wiesenstraße 70 in the Düsseldorf district of Heerdt is progressing well: DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has signed leases for a total of around 4,600sqm for the building with the new name "TRIO Campus Heerdt" in Düsseldorf. Among the new tenants is the Sozialversicherung für Landwirtschaft, Forsten u. Gartenbau (SVLFG), which moved in at the end of August to just under 1,500 sqm.

With a total of eight new tenants, the vacancy rate has fallen to just under 19 percent. The current WALT of the property is 3.4 years.

The focus of the repositioning, which was developed and implemented with Pixel Brands GmbH (pxl), the strategy and creative agency, is the experience-able model office, which combines local inspection with digital impulses. Thus, expansion possibilities can be made tangible and numerous working environments tailored to the tenant and his individual needs can be presented directly in a virtual environment.

The Trio Office Campus is located in the Heerdt district of Düsseldorf. The location has a good local supply, public transport is within walking distance. The city centers of Neuss and Düsseldorf are only a few minutes' drive away, and there are also good connections to the German highway network.

Further information are available on the property homepage Trio-Duesseldorf.de.

About DEMIRE Deutsche Mittelstand Real Estate AG

DEMIRE - REALize Potential

DEMIRE Deutsche Mittelstand Real Estate AG acquires and holds commercial real estate in mid-sized cities and up-and-coming locations bordering metropolitan areas across German. 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 June 2020, DEMIRE's portfolio contains of 84 assets with lettable space totalling more than 1 million sqm and has a market value in excess of EUR 1.5 billion.

The portfolio's focus on office properties with a blend of retail, hotel and logistics properties results 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 and expects the portfolio to grow significantly in the medium term. As it expands its portfolio, DEMIRE is concentrating on FFO-strong assets with potential and, at the same time, disposing of properties that are not in line with its strategy. DEMIRE is taking several steps to further the development of its operations and processes. Next to cost consciousness, the operating performance is set to improve through an active asset and portfolio management approach.

DEMIRE Deutsche Mittelstand Real Estate AG shares are listed in the Regulated Market (Prime Standard segment) of the Frankfurt Stock Exchange.

 

Über Pixel Brands GmbH

pxl - we make your tenants love Mondays

pxl advises project developers and investors on commercial matters as well as on the positioning and conceptual design of real estate - whether in existing buildings or on greenfield sites. As a strategy and creative agency, the interdisciplinary team of real estate experts and creative minds offers a holistic perspective on issues related to a well thought-out real estate and marketing concept. The goal "making your tenants love Mondays" is the incentive in every project.

The company with its headquarters in Düsseldorf has a further location in Vienna, Austria.

Contact:

Michael Tegeder

Head of Investor Relations & Corporate Finance

DEMIRE Deutsche Mittelstand Real Estate AG

Telefon: +49 6103 372 4944

Email: [email protected]