Hamborner buys office building in Neu-Isenburg for €16mn
Hamborner Reit has signed the purchase contract for an office project currently under construction in Neu-Isenburg. The property in question is a 4,500 sqm section of the office ensemble “Der Dornhof”, which is being developed on Siemensstraße in commercial park Süd and will be leased mainly to an IT services provider. The purchase price will be €16.1mn. At €0.9mn annual rental income, the gross initial yield is 5.4 %. Payment of the purchase price and transfer of ownership are scheduled for early 2020. The seller is a property company of developer Red Square and Merkur Development Holding. Trompetter Immobilien brokered the transaction.
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