Deutsche Konsum REIT-AG, DE000A14KRD3

Deutsche Konsum REIT-AG, DE000A14KRD3

09.04.2018 - 07:05:35

Deutsche Konsum REIT has extended its rental contract with real,- at the Erfurt retail centre and increases WALT signifcantly

Press release

Deutsche Konsum REIT has extended its rental contract with real,- at the Erfurt retail centre and increases WALT signifcantly

Broderstorf, 9 April 2018 - Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) has prolonged one of its major lease contracts with real,- (hypermarket) in Erfurt prematurely by 15 years.

The previous rental contract of the Erfurt retail centre which was about to terminate on 31 March 2019 has been prolonged until 31 March 2033 and comprise a total rental space of about 13,000 sqm. Moreover there are prolongation options for a total period of additional 15 years concluded.

Together with other rental contract prolongations as well as transfers of ownership of acquisitions occured in the 2nd quarter of the 2017/2018 FY Deutsche Konsum's WALT has significantly increased to 5.1 years as at 31 March 2018 (31 December 2017: 4.5 years).

About Deutsche Konsum Deutsche Konsum REIT-AG based in Broderstorf is a listed real estate company focusing on retail properties in Germany for goods required for daily use in established micro-locations. The focus of the company's activities is on the management and development of real estate with the aim of achieving a steady increase in value and the realisation of hidden reserves. The steadily increasing current property portfolio of Deutsche Konsum comprises of 86 retail properties with an annualised rent of EUR 33.9 million.

Due to its REIT status ('Real Estate Investment Trust'), the company is exempt from corporation and trade tax. The shares of the company are listed on the Prime Standard of the Deutsche Boerse (ISIN: DE 000A14KRD3).

Contact: Deutsche Konsum REIT-AG Stefanie Frey Investor Relations E-Mail: sf@deutsche-konsum.de Phone: +49 (0) 331 74 00 76 - 533

09.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Deutsche Konsum REIT-AG August-Bebel-Str. 68 14482 Potsdam

Germany Phone: +49 (0)331 740076517 Fax: +49 (0)331 740076520 E-mail: ch@deutsche-konsum.de Internet: www.deutsche-konsum.de ISIN: DE000A14KRD3 WKN: A14KRD Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange; London   End of News DGAP News Service

671665  09.04.2018 

@ dgap.de

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