Alpha Real Trust Limited Acquisition of an industrial property in Hamburg (4451Y)
August 21 2018 - 6:30AM
UK Regulatory
TIDMARTL
RNS Number : 4451Y
Alpha Real Trust Limited
21 August 2018
21 August 2018
LEI: 213800BMY95CP6CYXK69
ALPHA REAL TRUST LIMITED ("ART" OR THE "COMPANY")
acquisItion of aN indUstrial PROPERTY IN Hamburg, germany
ART announces it has acquired an industrial facility in Hamburg,
Germany leased to a leading international group for EUR17.0 million
(GBP15.2 million) including acquisition costs.
The property is leased to Veolia Umweltservice Nord GmbH, part
of the Veolia group, an international industrial specialist in
water, waste and energy management with a 24 year unexpired lease
term. Under the lease, the tenant is responsible for building
maintenance and the passing rent of EUR0.9m p.a. has periodic
inflation linked adjustments.
As part of the acquisition funding, ART has secured a EUR9.5
million fixed rate loan facility with a 10 year term.
Hamburg is one of the main industrial and logistics markets in
Germany. The property is held freehold and occupies a site of 11.8
acres in Billbrook, a well-established and well connected
industrial area located approximately 8 kilometres south-east of
Hamburg centre.
Investment rationale
This acquisition offers the Company the potential to benefit
from a long term secure and predictable inflation-linked income
stream which is forecast to generate stable high single digit
income returns whilst contributing additional diversification to
ART's portfolio. In addition, the investment offers the potential
for associated capital growth from an industrial location in a
major German logistics and infrastructure hub.
The Company remains focussed on high-yielding property,
infrastructure and asset backed debt and equity investments in
Western Europe that are capable of delivering strong risk adjusted
cash flows, including build to own investments.
For further information please contact:
Alpha Real Trust Limited
David Jeffreys, Chairman, Alpha Real Trust +44 (0) 1481 231 100
Brad Bauman, Joint Fund Manager, Alpha Real Trust +44 (0) 20 7391 4700
Panmure Gordon, Broker to the Company
Richard Gray / Andrew Potts +44 (0) 20 7886 2500
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ACQBGGDIIDDBGIB
(END) Dow Jones Newswires
August 21, 2018 06:30 ET (10:30 GMT)
Alpha Real (LSE:ARTL)
Historical Stock Chart
From Apr 2024 to May 2024
Alpha Real (LSE:ARTL)
Historical Stock Chart
From May 2023 to May 2024