DGAP-News: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Real Estate/Acquisition WCM Beteiligungs- und Grundbesitz-AG: WCM acquires further retail portfolio with grocery chain as long-term anchor tenant 27.09.2016 / 08:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- WCM acquires further retail portfolio with grocery chain as long-term anchor tenant - Acquisition of four retail centres with rental space of 52,500 square metres for EUR 66.5 million - Annualised rental income of EUR 4.4 million and annualised Funds from Operations (FFO) of around 3 million - EPRA vacancy rate of 4 percent with leading grocery chain as anchor tenant for all locations with a WALT of 12.3 years - Portfolio value increases to around 645 EUR million Frankfurt am Main, 27 September 2016 - WCM Beteiligungs- und Grundbesitz-AG (WCM AG, ISIN: DE000A1X3X33) further expands its asset base through the acquisition of a retail portfolio. In the federal states of Saxony-Anhalt, Saxony and Brandenburg four retail centres were acquired with a total rental space of 52,500 square metres for a net purchase price of EUR 66.5 million. With an EPRA vacancy rate of 4 percent the newly acquired portfolio generates an annualised rental income of around EUR 4.4 million. The implied gross initial yield is 6.7 percent. The acquisition will be financed via a combination of existing cash and mortgage lending. The target Loan-to-Value (LTV) is anticipated to be below 50 percent. The Funds from Operations (FFO) amounts to around EUR 3 million, the resulting sustainable FFO yield on the contributed equity amount stands at around 9 percent. The closing is expected before the year end. Anchor tenant on all four locations is a leading self-service retail chain with a share of 37 percent of the total rental income. The weighted average lease time (WALT) for the anchor tenant stands at 12.3 years, for the newly acquired portfolio at a total WALT of 7.4 years. Through this acquisition WCM increases the portfolio value to around EUR 645 million with an annualised rental income of EUR 38.2 million and an annualized FFO I of around 23 million. The weighted average lease time (WALT) of WCM's portfolio stands at 9.2 years with a gross yield of 5.9 percent. WCM will continue the portfolio expansion in the forthcoming months. Stavros Efremidis, CEO of WCM: "We further strengthen our retail portfolio through this NAV and FFO accretive acquisition. A purchase price multiple of 15 in combination with a long-term committed anchor tenant is highly attractive for WCM and its shareholders." About WCM WCM Beteiligungs- und Grundbesitz-AG (WCM AG), with headquarters in Frankfurt am Main, is a specialised commercial real estate company. As a real estate proprietor, the focus is on long-term rental of high-quality office and retail properties in the major office locations in Germany. Since the operational restart in 2014, WCM AG has focused on an extensive network for the acquisition of properties as well as on value-creating asset management, in order to generate attractive long-term rental income and a steady cash flow. The portfolio has a gross asset value of clearly more than EUR 600 million. The company has extensive loss carry forwards in corporate and commercial tax. Shares of WCM AG are listed in the SDAX of Deutsche Boerse since 21 December 2015. Press contact: edicto GmbH Axel Mühlhaus/ Dr. Sönke Knop 069-905505-51 [email protected] --------------------------------------------------------------------------- 27.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: WCM Beteiligungsund Grundbesitz-AG Bleichstr. 64-66 60313 Frankfurt am Main Germany Phone: +49 (0)30 8870 476-10 Fax: +49 (0)30 8870 476-20 E-mail: [email protected] Internet: www.wcm.de ISIN: DE000A1X3X33 WKN: A1X3X33 Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Stuttgart; Regulated Unofficial Market in Munich, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 505779 27.09.2016