DEUTSCHE KONSUM REIT-AG - Deutsche Konsum REIT Acquires Spitzkrug Multi Center in Frankfurt/Oder

Deutsche Konsum REIT Acquires Spitzkrug Multi Center in Frankfurt/Oder

DEUTSCHE KONSUM REIT-AG
(Incorporated in the Federal Republic of Germany)
(Registration number HRB 13072)
FSE Share Code: A14KRD
JSE Share Code: DKR
ISIN: DE000A14KRD3
LEI: 529900QXC6TDASMCSU89
(“DKR” or “the Company”)

DEUTSCHE KONSUM REIT ACQUIRES SPITZKRUG MULTI CENTER IN FRANKFURT/ODER

Broderstorf, 26 April 2021 - Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) has
acquired the Spitzkrug Multi Center ("SMC") in Frankfurt/Oder (Brandenburg) by notarial deed.
The SMC was built in 1994 and extensively revitalised in 2018 and is a central retail and local
supply property in the university city of Frankfurt/Oder as well as in the wider area. The centre
is located in an attractive commercial and specialist retail agglomeration and is well
established at the location. The SMC comprises a total lettable area of around 25,000 m² and
is let to major anchor tenants such as Kaufland, Rossmann and Dänisches Bettenlager. Other
tenants include Medimax, Adler Modemärkte, Takko, Deichmann, Fressnapf and others,
representing a stable tenant mix from which, however, further potential for improvement can
be realised.

The annualised annual rent is currently approx. EUR 3.5 million with a WALT of approx. 7.5
years and a current vacancy rate of approximately 7%. The parties have agreed not to disclose
the purchase price, but the yield is within the attractive range envisaged by DKR. The transfer
of benefits and encumbrances is planned for 1 July 2021.

Furthermore, a financing agreement has already been concluded with a German mortgage
bank to take out a secured five-year loan with an attractive interest rate of less than 1% per
annum to refinance the SMC.

Thus, the total portfolio (pro forma) currently comprises 173 properties with a total rental area
of more than one million square metres and a balance sheet value of around EUR 920 million.
The portfolio currently generates an annual rent of around EUR 73 million, which means that
the FFO run rate of the secured property portfolio is currently around EUR 46 million (forecast
as at 30 September 2021: FFO run rate between EUR 47 million and EUR 51 million).

DKR is also in the process of further concrete acquisitions and expects further acquisitions in
the near future.

About Deutsche Konsum
Deutsche Konsum REIT-AG, headquartered in Broderstorf, is a listed real estate company
focusing on retail properties in Germany for goods required for daily use in well-established
micro-locations. The focus of the Company's activities is on the acquisition, management
and development of convenience retail properties with the aim of achieving a steady
increase in value and the realisation of hidden reserves.

Due to its (German) REIT status ('Real Estate Investment Trust'), the Company is exempt
from German corporation and trade tax. The shares of the Company are listed on the Prime
Standard of the Deutsche Boerse (ISIN: DE 000A14KRD3) and on the Johannesburg Stock
Exchange (South Africa) by way of a secondary listing. Further information on the Company
can be found at https://www.deutsche-konsum.de/en/.

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

DKR has a primary listing on the Prime Standard on the Frankfurt Stock Exchange and the
Berlin Stock Exchange and a secondary listing on the JSE.

Potsdam, 26 April 2021

JSE Sponsor

PSG Capital
Date: 26-04-2021 07:15:00
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