WCM Beteiligungs- und Grundbesitz-AG: WCM closed Transaction from December 2016 successfully
WCM closed Transaction from December 2016 successfully
Frankfurt, 3 April 2017 - WCM Beteiligungs- und Grundbesitz-AG (WCM AG, ISIN: DE000A1X3X33) has successfully closed the so called MIA-transaction which was announced on 1 December 2016. This transaction was comprising the purchase of three retail parks totalling 88.000 m² of rentable space, annualized rental income of EUR 7.6 M and Funds from Operations (FFO I) of about EUR 4.3 M.
The net purchasing price of EUR 98.2 M is financed with equity and a mortgage loan provided by a leading German bank at attractive conditions. The average interest rate for the entire WCM portfolio now stands at just below 2 percent.
With the successfull closing of this financing transaction all pending property transactions have been finalized for now.
As of 31 March 2017 the WCM-Portfolio shows a gross value of around EUR 800 M. The annualized rental income currently stands at EUR 47.5 M and the rentable space increases to more than 426,000 m². The Portfolio shows a low EPRA vacancy rate of 4.3% only, and a WALT of 8.2 years.
About WCM AG
WCM Beteiligungs- und Grundbesitz-AG (WCM AG), with headquarters in Frankfurt am Main, is a specialised commercial real estate company. As a real estate proprietor, the focus is on long-term rental of high-quality office and retail properties in the major office locations in Germany. Since the operational restart in 2014, WCM AG has focused on an extensive network for the acquisition of properties as well as on value-creating asset management, in order to generate attractive long-term rental income and a steady cash flow. The pro forma portfolio has a gross asset value of around EUR 800 M. Shares of WCM AG are listed in the Prime Standard of Deutsche Boerse AG andare included in the SDAX index since 21 December 2015.
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Company: WCM Beteiligungs- und Grundbesitz-AG Bleichstr. 64-66 60313 Frankfurt am Main
Germany Phone: +49 (0)69 963 7319-10 Fax: +49 (0)69 963 7319-20 E-mail: email@example.com Internet: www.wcm.de ISIN: DE000A1X3X33 WKN: A1X3X33 Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Tradegate Exchange End of News DGAP News Service