DEMIRE (DMRE)

Business description

DEMIRE Deutsche Mittelstand Real Estate is an investor in German commercial real estate with a focus on properties in secondary locations, attractive to medium-sized companies. The portfolio is well diversified geographically and by tenant and is spread across office, retail and logistics assets.

Offer to create bigger commercial property player

QuickView | Property | 09/11/2015

Demire (DMRE) refocused its business in 2012 from Eastern Europe to Germany, where it now has a commercial portfolio of €700m generating rental income of €52.3m, having doubled in size in 2015. The proposed acquisition of Fair Value REIT (FVI), which has been recommended by FVI’s board, would add a further €306m of investment property and €25.4m of income, and reduce DMRE’s LTV. The deal would also give DMRE shareholders access to growth through FVI’s closed-end fund investment platform. Holders of 41.9% of FVI shares and voting rights had accepted the offer as of 4 November.

Tagged: Real estate

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Stock data

Market cap.€255.6m
Last close€4.280
High / Low (52 weeks)€4.5 / €3.5
Stock market listingDE
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamProperty
SectorProperty

Price performance

%1m3m12m
Actual(3.2)12.617.4
Relative *(7.3)20.617.8

* % Relative to local index

Company news