05. April 2012     Print Print 

Hamborner REIT - Handover of OBI DIY store in Aachen

As previously announced, Hamborner REIT AG's portfolio is expanding further. This week the OBI DIY store in Aachen, which was acquired back in June 2011, was transferred to the company's portfolio. The approximately 11,400 m² property is a new construction located in a business area of the Brand district, roughly 5 km to the south-east of the centre of Aachen. OBI has maintained a presence at the Aachen-Brand location for around 20 years, but is now relocating to a more attractive site with this new building. The store has been open since 19 March 2012.


Hamborner acquired the property directly from the seller and project developer, a project company in the Schoofs Group based in Kevelaer in the Lower Rhine area of Germany. The gross yield is approximately 7.5%.