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DEMIRE is focusing on core business

DEMIRE, the Deutsche Mittelstand Real Estate AG, is massively reducing its real estate portfolio from 178 to 94 and keeps its focus on selected locations and property projects. The company has sold a property package with 84 buildings, which are not conforming to its business strategy, as well as parts of a Darmstadt property for a total of € 21,6 million. Most of the properties are decentrally located and currently leased to Deutsche Post DHL Group. The properties were each sold at values below € 500,000. The property in Darmstadt is currently leased to Deutsche Telekom.According to the company, the sales revenues will be invested in more strategical relevant acquisitions. Main focus is laid on individual property objects within a pr...[…]