Deutsche Industrie REIT-AG: DIR achieves rent increase of 14% incl. WALT of 10 years for an area of over 11,000 m² in Hanover

Potsdam (pta005/22.06.2021/07:00 UTC+2)

Deutsche Industrie REIT-AG (ISIN DE000A2G9LL1) achieves a WALT of 10 years through a newly concluded lease agreement for an area of more than 11,000 sqm in combination with an area-related rent increase of 14% in the Hanover industrial park.

Deutsche Industrie REIT-AG has successfully concluded a long-term lease for a total rental area of over 11,000 m² with Delkeskamp Verpackungswerke GmbH on attractive terms. Delkeskamp Verpackungswerke GmbH will rent a relevant storage area of the Hanover industrial park at Wiesenauer Str. 11,13. The lease term of the newly concluded lease agreement is 10 years. In addition, the new lease agreement will result in an area-related rent increase of around 14%. 

Deutsche Industrie REIT-AG acquired the property at Wiesenauer Str. 11,13 in Hanover at the end of 2019. The business park impresses with its direct proximity to the A2 motorway and the infrastructure of Hanover, as well as good connections to the A7 motorway, and contains a total lettable area of around 27,300 m². The property was acquired with a WALT of approx. 2 years, which will now be sustainably increased by the new lease agreement. 

Delkeskamp Verpackungswerke GmbH, which will rent around 47% of the property's commercial space, is a fourth-generation family business that develops innovative packaging solutions to meet specific needs. The new lease comes into effect in October 2021. Deutsche Industrie REIT-AG will continue to develop the space until the new tenant moves in by installing additional dock levellers, refurbishing the existing ramps and converting to LED to add value and meet demand. 

About Deutsche Industrie REIT-AG

Deutsche Industrie REIT-AG invests sustainably in light industrial properties in Germany. In addition to the activities of storage and distribution of commercial goods, light industrial also includes their administration and production. The asset class consists mainly of medium to large industrial and commercial park sites. The areas are usually more complexly equipped than pure logistics properties and have a high local relevance.

The share is listed on the regulated market of the Berlin Stock Exchange and in the Prime Standard of the Frankfurt Stock Exchange. Since the beginning of 2018, the company has had the status of a REIT ("real estate investment trust") and the associated income tax exemption.

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Emitter:	Deutsche Industrie REIT-AG August-Bebel-Str. 68 14482 Potsdam Germany
Contact Person:	Sonja Petersen
Phone:	+49 331 740 076 513
E-Mail:	sp@deutsche-industrie-reit.de
Website:	www.deutsche-industrie-reit.de
ISIN(s):	DE000A2G9LL1 (Share) DE000A2GS3T9 (Bond) DE000A2YNQU1 (Bond)
Stock Exchange(s):	Regulated Market in Berlin, Frankfurt