DEMIRE Deutsche Mittelstand Real Estate AG: momox continues to grow at LogPark Leipzig

DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Keyword(s): Real Estate

DEMIRE Deutsche Mittelstand Real Estate AG: ???????momox continues to grow at LogPark Leipzig

18.01.2022 / 06:57
The issuer is solely responsible for the content of this announcement.

momox continues to grow at DEMIRE’s LogPark Leipzig

Langen, January 18, 2022. DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has strengthened its relationship with LogPark Leipzig’s largest tenant, re-commerce company momox, and given it a long-term focus. On the one hand, momox is extending the existing lease with another complete logistics hall with integrated offices of around 10,000 m². On the other hand, the existing leases, of approximately 76,000 m², will be extended until 2026.

“momox has grown very successfully since its launch 18 years ago and continues to grow strongly. We feel very comfortable at LogPark Leipzig and are very happy to use the many advantages of this logistics hub. Of course, we were happy to take advantage of the fact that suitable space was available on this site for our next stage of growth and, in addition, we have already secured our existing site for the long term,” says Heiner Kroke, CEO of momox AG.

Ingo Hartlief, CEO of DEMIRE AG, adds: “We are very pleased that momox continues to thrive, grow and have a long-term commitment to LogPark. We were happy to mobilize the necessary expansion space for this. We We also see this as proof of the attractiveness of DEMIRE LogPark, which we have been able to reposition in recent years with targeted asset management.”

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About momox
momox AG is the leading re-commerce company in Europe. The second-hand pioneer buys second-hand books, news articles and clothing from consumers at a fixed price. After a comprehensive quality check, the items are then resold: purchased books and multimedia items such as CDs, DVDs/Blu-rays and video games are offered by momox up to 70% cheaper compared to the fixed price in Germany on medimops.de, in France on momox-shop.fr and worldwide on online marketplaces. Quality-controlled second-hand clothes, shoes and accessories are sold at momoxfashion.com.
German customers can sell unused books, news articles and fashion through momox.de or using the momox apps for iOS and Android. momox also offers its purchasing services for customers in Austria, France and Belgium. With momox, people quickly and effortlessly sell large numbers of unused products at a fixed price. The resale of the items and the associated risk are borne by momox.
Founded in 2004 and based in Berlin, momox currently employs more than 2,250 people across four locations. Since its launch, over 250 million items have been purchased and resold. momox is the world’s largest used goods retailer on Amazon and ranks third on eBay.
Additional press information as well as images and videos are available at momox.biz.

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About DEMIRE Deutsche Mittelstand Real Estate AG

DEMIRE – REALIZING THE POTENTIAL

DEMIRE Deutsche Mittelstand Real Estate AG acquires and owns commercial real estate in mid-sized cities and promising locations bordering metropolitan areas across Germany. The Company’s particular strength lies in realizing the potential of properties in these locations while focusing on a range of properties that appeal to both regional and international tenants. As of December 31, 2021, DEMIRE’s portfolio includes 64 assets with a rental area totaling approximately 1 million m². Including the Cielo building acquired proportionally in Frankfurt/Main, the market value amounts to approximately 1.7 billion euros.

The portfolio’s focus on office properties with a mix of retail, hotel and logistics properties results in a risk/reward structure suited to the retail real estate segment. The Company values ​​long-term contracts with creditworthy tenants and the realization of the properties’ potential. DEMIRE foresees the continuation of stable and sustainable rental income as well as a solid appreciation in value and expects a significant growth of the portfolio in the medium term. As its portfolio expands, DEMIRE concentrates on assets with high FFO potential and, at the same time, sells assets that do not correspond to its strategy. DEMIRE is taking several steps to further develop its operations and processes. In addition to cost control, operational performance should improve thanks to an active approach to asset and portfolio management.

DEMIRE Deutsche Mittelstand Real Estate AG shares are listed on the regulated market (Prime Standard segment) of the Frankfurt Stock Exchange.

Contact:

DEMIRE Deutsche Mittelstand Real Estate AG
Michel Tegeder
Head of Investor Relations & Corporate Finance
Telephone: +49 6103 372 49 44
Email: [email protected]

18.01.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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