The performance of investments made by CORUM is not a reliable indicator of future results.

Property Portfolio

Retail

Hamburg - Germany

The vendor does not allow us to disclose the net initial yield or the acquisition price (incl. transfer tax and brokerage fees). The net initial yield and the lease term with no break option meet CORUM's requirements. CORUM's average net initial yield stands at 7.90% (incl. transfer tax and brokerage fees). The property is located in Hamburg. This shopping centre known as “Eastbek Gallery” (with one of the busiest cinemas in Hamburg) is located in “Wandsbeck”, the city’s most populous neighbourhood. It is situated along the Friedrich-Ebert-Damm axis, nicknamed Automeile (car street) where brands such as Mercedes, BMW and Audi are present. Hamburg is the second largest city and the largest port in Germany.

The net initial yield and the lease term with no break option meet CORUM's requirements. CORUM's average net initial yield stands at 7.90% (incl. transfer tax and brokerage fees).

Tenants Daimler

Daimler operates in nearly every country in the world, through the brands Mercedes and Smart, among others. In 2014, the group sold 2.5 million cars, posted revenues of €130bn and employed 280,000 people. The Daimler group is a tenant in the shopping centre, where it has its “Smart tower”.

Tenants Fitness&Friends

Fitness & Friends is a fitness centre chain which opened 10 years ago in Germany. It currently leases nearly 5,000 sq.m inside the shopping centre and offers its members access to latest generation equipment.

Tenants UCI

United Cinema International is a British cinema brand founded in 1983, with cinemas in the United Kingdom, Spain, Germany, Austria, Italy and Portugal. It is the leading network of cinemas in Europe, with 244 cinemas and 2,236 screens.

Type

Retail

Acquisition price (incl. transfer tax and brokerage fees)

N/A

Net initial yield*

0,00% (incl. transfer tax and brokerage fees)


Characteristics