WCM continues to optimize portfolio through active asset management

  • Further rental success in Frankfurt’s ‘Main Triangel’
  • Sustainability certification of ‘Main Triangel’ with LEED Gold award

 

Frankfurt, 30 June 2017 - WCM Beteiligungs- und Grundbesitz-AG (WCM AG, ISIN: DE000A1X3X33) has continued with the value-enhancing optimization of the existing portfolio through active asset management. In Frankfurt a significant new lease agreement has been successfully closed through WCM's inhouse asset management - with positive effects on occupancy rate, rental income and the weighted average lease time (WALT).

In Frankfurt's ‘MainTriangel’ office building a new long-term tenancy agreement for more than 1400 m² has been signed with a term of 7.5 years. As a result, the occupancy rate of the entire property increased to over 90 percent and the annual rental income rose to more than € 4.9m. The WALT now stands at 17.6 years. Additional talks with potential new tenants for the ‘Main Triangel’ are under way.

Furthermore the ‘Main Triangel’ was certified with the popular LEED GOLD award. This award acknowledges the sustainably built property with its consequently thought through climate- and resources-concept, especially regarding energy- and water-efficiency. The, through the LEED certification, documented environmentally conscious handling of resources and a significantly reduced energy consumption justify an improved value expectation of the ‘Main Triangel’. The attractiveness and the marketability of the certified property should also benefit. With this showcase example WCM demonstrates the combination of sustainability and value creation in the commercial property sector.

Stavros Efremidis, CEO of WCM AG: "Portfolio build-up and management is one of our key competences and with this latest portfolio optimization and the LEED Gold certification we continue to create value for our shareholders. As LEED is the most widely used green building rating system in the world not only benefit our shareholders from the certification with the Gold award but our environment too.

 

About WCM AG

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 around EUR800m. Shares of WCM AG are listed in the Prime Standard of Deutsche Boerse AG and are included in the SDAX index since 21 December 2015.

 

Investor Relations: 

Gunnar Janssen

Investor Relations

WCM Beteiligungs- und Grundbesitz-AG

+49 69 963 7319 10

www.wcm.de

 

Press contact:

edicto GmbH

Axel Mühlhaus/ Dr. Sönke Knop

Eschersheimer Landstraße 42

60322 Frankfurt am Main

+49 (0) 69-905505-51