Purchase agreement for retail property in Tübingen signed

Hamborner REIT AG has acquired an attractive retail property in Tübingen, thereby marking a rapid start to the investment of the funds from the capital increase implemented in July 2012 as planned. The seller of the property is an anglo‐saxon company and was guided by an British asset management company. The property was brokered by the Colliers. The purchase price for the property is €22.2 million and the gross initial yield is around 6.8%. The transfer of ownership is expected to take place in the third quarter of 2012.

The property is located in a business area around one kilometre from the centre of Tübingen. Edeka Handelsgesellschaft Südwest mbH currently operates a “Marktkauf” store in the building. Because of the good customer frequency, Edeka has decided to extend the existing rental agreement for the long term and to operate the store as an “E‐Center” in future following extensive conversion, maintenance and rebranding measures. Edeka plans to complete the conversion measures by the end of 2013. The current term of the rental agreement is around 18 years.