WCM Beteiligungs- und Grundbesitz-AG: WCM acquires further DIY store

- Purchase price of around EUR 22 million with a leasable area of around 13,500 square metres

- FFO yield of 13 percent per year

- Long-term lease of 15 years from closing date

Frankfurt, 25 February 2016 - WCM Beteiligungs- und Grundbesitz-AG (WCM AG, ISIN: DE000A1X3X33) announces the acquisition of a further DIY store near Stuttgart, in one of Germany's most economically powerful regions. The transaction, which had been announced in mid-December 2015, was notarised yesterday. Closing of the transaction is scheduled for the end of the first quarter of 2016.

The purchase price for the fully leased asset to a leading DIY store operator, is around EUR 22 million. The required equity for the acquisition will be provided from available funds. The debt component has already been fixed with a ten-year term at attractive conditions. The average interest rate for the total portfolio is at favourable 2.1 percent.

The 2012 constructed "green building" flagship store with certified low primary energy needs, has a total rental space of 13,500 square metres. Annualised rental income is approximately EUR 1.6 million. The rental yield on the net purchase price is calculated at 7.1 percent. Based on current interest rates, the FFO yield (FFO = funds from operations) is around 13 percent per year. The lease has a 15-year term, starting on the closing date. In addition, the tenant has three five-year options to extend the lease.

Stavros Efremidis, CEO of WCM AG, explained: "Our dynamic portfolio expansion continues in line with our strategy. By acquiring this asset, we are showing once again, that we are able to secure attractive rental yields and steady cash flows for our shareholders through our extensive network."

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 purchase of properties as well as on value-creating asset management, in order to generate attractive long-term rental income and a steady cash flow. In February 2016, the property portfolio comprised of more than EUR 500 million. The company has extensive loss carry forwards in corporate and commercial tax. Shares in WCM AG are listed in the Prime Standard of Deutsche Börse and since 21st of December 2015 in the SDAX of Deutsche Börse.

Press contact:

edicto GmbH
Axel Mühlhaus/ Dr. Sönke Knop
Eschersheimer Landstraße 42, 60322 Frankfurt am Main
+49 (0) 69-905505-51
wcm@edicto.de

This release was published on openPR.