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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Develica | LSE:DDE | London | Ordinary Share | GB00B151M860 | ORD EUR0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.011 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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21/2/2008 18:59 | ONDON (Thomson Financial) - Develica Deutschland Ltd said it continues to view the German commercial property market with confidence despite the current global economic conditions and said it has completed three fully-let acquisitions in Germany worth 33 mln eur. The AIM-listed property company said the acquisitions were in South-Western Germany and are let to good covenants at an aggregate annual net rent of 2.28 mln eur. Develica said its total funds actually invested now stands at 1.07 bln eur, with annualised gross rental income of over 69 mln. | davebowler | |
28/8/2007 13:41 | Results from Kenmore- a similar fund to ours,but invested across Europe; In the three months to 30 June 2007 the value of the property portfolio increased by 4.0% measured against value at the 31 March 2007. | davebowler | |
21/6/2007 13:10 | 4/06/07 Develica Deutschland Limited ("Develica", AIM: DDE), the AIM-listed German property company, today announces it has exchanged contracts to acquire a portfolio of five office buildings in Mannheim for Euro19m, including costs, reflecting a net yield of 7%. Located in the commercially vibrant corridor between Frankfurt and Stuttgart, these office buildings are let predominantly to international corporations, together with some well-established local companies. Total space is 17,370 square metres, and generates annual rents of Euro1.26m. Richard Thirkell, Develica Deutschland Management Ltd Fund Manager, said: "This further purchase, hard on the heels of the acquisition of the 10 fully let supermarkets announced recently, demonstrates the acquisition momentum we have built up, together with the team's ability to source and deliver opportunistic assets that will enhance the portfolio value" | davebowler | |
17/5/2007 13:14 | Takko, Kik and Tedi? Are they making them up? | davebowler | |
17/5/2007 13:12 | 17 May 07 DEVELICA DEUTSCHLAND ACQUIRES FURTHER RETAIL ASSETS Develica Deutschland Limited ('Develica', AIM: DDE), the AIM-listed German property company, today announces it has exchanged contracts to acquire a further ten fully-let retail properties to add to the retail exposure for the fund in the German marketplace. This acquisition consists of two portfolios, of six and four supermarkets respectively, let to major national retailers including Edeka, Rewe, Takko, Kik and Tedi. The properties are excellently located in prosperous towns predominantly in northern and western Germany, and total 13,089 square metres. The total price of the ten properties, inclusive of purchase costs, was 21.2m, and these generate an annual rent roll of 1.36m, reflecting a net initial yield of 6.4%. Richard Thirkell, Develica Deutschland Management Ltd Fund Manager, said: 'These are excellent long let supermarket assets, which sit very comfortably alongside our existing retail properties, in terms of geographical diversity, covenant and yield, together with the opportunity for increased income and added asset value through our active management approach.' Contact: Baron Phillips, Baron Phillips Associates. Tel: 020 7920 3161 Philip Secrett, Grant Thornton Corporate Finance Tel: 0870 991 2578 | davebowler | |
02/4/2007 23:03 | Develica Deutschland buys Frankfurt shopping centre for 19.2 mln eur AFX LONDON (AFX) - Develica Deutschland Ltd, a German property company, said it has agreed to buy a fully-let shopping centre in Fulda, Frankfurt for 19.2 mln eur, including costs, reflecting an initial net yield of 6.51 pct. AIM-listed Develica said the 20,000 square metre shopping centre consists of eight buildings with over 350 car parking spaces and generates gross annual rents of 1.32 mln eur. It is Develica's third acquisition in a week, with the combined investment totaling 700 mln eur, Develica said | davebowler | |
26/3/2007 13:27 | If by better value you mean higher yields then I can't argue there. I'm in Berlin because that's where I see most capital growth potential. Rent/income is lower in Berlin than any other City in the developed world (including Leipzig et al). This will correct over time but the presence of "aggressive" foreign private equity type investors can only accelerate the process. Many people believe London leads and the rest of the UK property market follows. I think the same could be true of Berlin-Germany. | wonder boy | |
22/3/2007 03:34 | Wonder Boy, why did you choose Berlin? I started to look there last year but prices have already moved up as the result of competition between foreign buyers (rather than any indigenous bouyancy imho). Instead I bought in Leipzig, Erfurt, Dresden and Gera where there seemed better value...felixgreene@ | ydderf | |
06/3/2007 09:09 | Dear all, I am looking to establish a company along the lines of SVG, PUMA and DDE. I have laid the foundations by purchasing 38 apartments in Berlin. The existing property portfolio has market value of EUR1.8m, 50% LTV and rental income of EUR130,000. I am looking for 1-3 partners with the capital, expertise and time to take this project to the next level. If this project is of interest and you can bring added value then please email me at ben26679@hotmail.com Thanks. | wonder boy | |
29/1/2007 12:57 | DEVELICA DEUTSCHLAND EXPANDS PORTFOLIO THROUGH 48.6M ACQUISITION OF RETAIL PROPERTIES Develica Deutschland Limited ('Develica' or 'the Company', AIM: DDE), the AIM-listed German property company, today announces it has exchanged contracts to acquire a fully-let retail investment portfolio for a total consideration of 48.6m including costs, reflecting a current yield of 6.7%. The portfolio comprises 21 suburban retail premises, predominately supermarkets, totalling 32,426 sq m (approximately 350,000 sq ft) with parking facilities for 1725 vehicles. Included in the anchor tenant line up are nationally recognised brands such as REWE, EDEKA, NETTO and PLUS. This is Develica's second major retail portfolio. In December the Company acquired a fully let mainly retail portfolio for 108. As a result of this latest acquisition Develica now owns approximately 1m sq ft of retail space. Richard Thirkell, Develica Deutschland Management Ltd Fund Manager, said: 'Through acquiring this portfolio we are adding strength and diversity to the other recently purchased retail properties enabling Develica to capitalise on the retail upswing in Germany.' Derek Butler, Chairman, commented: 'I am delighted that we have today contracted to make this further retail investment. Not only does it increase our exposure to the retail sector, at an attractive yield of 6.7%, but it also diversifies us within that sector. Importantly it also increases our invested and committed funds to over 630 million which together with our strong pipeline of further potential acquisitions moves us steadily towards our target of being fully invested by the middle of the year.' | davebowler | |
28/1/2007 16:28 | Mick Gilligan of Killik, the stockbroker, reckons the arrival of Reits is positive on the whole, but he is not interested in British Reits at the moment he says property overseas, in countries such as Germany, offers more value. He recommends two offshore investment funds: Invista European Real Estate Trust and Develica Deutschland, although he warns sterling investors to be mindful of the currency risks. "The yield differential between UK property income funds and government bonds has narrowed significantly in recent years. The average yield on a UK property income fund is currently 5 per cent, compared with a 10-year gilt yield of 4.7 per cent. Two years ago the differential was 1.0 per cent, compared with the current level of 0.3 per cent. This lack of value is leading investors to look further afield for their real estate income," says Gilligan. "In Germany the 10-year government bond yield is currently around 4.1 per cent, with commercial property yields typically ranging between 5 per cent and 6 per cent. Healthy rental growth is expected in Munich and Hamburg." | davebowler | |
15/1/2007 11:24 | LONDON (AFX) - German property company Develica Deutschland Ltd said it has exchanged contracts to acquire a portfolio of office buildings known as Blue Star portfolio for 266.3 mln eur in cash. The company said the portfolio comprises three buildings totaling almost 80,000 square metres located in Bonn, Stuttgart and Munich and that the portfolio generates an annual income of 15.6 mln eur. | davebowler | |
12/1/2007 15:16 | Develica Deutschland Portfolio Retail Portfolio | Cologne Retail Park | Darmstadt | Offenbach | Minden | The Atrium Bonn Retail Portfolio Map Offenbach Germany * Acquisition Price (incl costs): 107,841,000.00 * Current (Gross) Rent PA: 6,699,522.00 * 10 modern retail developments, 2 logistics sites * Occupancy: 98% * Constructed: 1993 2006 * Lettable area: 781,901 sq ft. * Tenants: Aldi, Lidl, Rewe, Toom, Takko, UPS. Back to top Cologne Retail Park Map Offenbach Germany * Acquisition Price: 27,152,050 (incl costs). * Occupancy: 100% * Site area: 58,000 sqm. * Parking: 880 spaces * Tenants: Fegro and Praktiker Develica Deutschland has exchanged contracts on two retail warehouses and a petrol station, carwash and car service facility, located on a 58,000 sqm site with parking facilities for 880 vehicles near Cologne. The retail units are let to Fegro a major German cash and carry chain, and Praktiker a national DIY store Develica Cologne Retail Park Develica Cologne Retail Park Develica Cologne Retail Park Develica Cologne Retail Park Back to top Darmstadt Map Offenbach Germany Darmstadt is located 20 miles south of Frankfurt. * Acquisition Price: 34.6 million * Occupancy: 100% * Refurbished: 2005 * Lettable area: 22,260 sqm. * Tenant: Deutsche Telekom Back to top Offenbach Map Offenbach Germany Offenbach is located to the west of Karlsruhe. * Acquisition Price: Approximately 62,962,000 (including costs). * Current rent: 4.3 million per annum. * Occupancy: The building is 100% let. * Constructed 2001. * Lettable area 988,000 Sq ft * Tenant. Daimler Chrysler AG Back to top Minden Map Offenbach Germany Minden is located to the west of Hanover. * Acquisition Price: Approximately 31,038,000 (including costs). * Current rent: 2.4 million per annum. * Occupancy: The building is 100% let. * Constructed 1997. * Lettable area 336,000 Sq ft. * Tenant. ESM Etrl Systemlogistik Gmbh & Co. KG Back to top The Atrium Bonn Located at the Bonner Government quarter, between the Heinrich-von-Stephan * Acquisition Price: 52,000,000 (including costs). * Current rent: 2.9 million per annum. * Occupancy: The building is 100% let. * Constructed: 2005. * Parking facilities: 269 spaces. The Tenant The Property is let to a subsidiary of Deutsche Telekom, who are one of the world's leading telecommunications and information technology service providers. The company offers millions of private and corporate customers all over the world the entire spectrum of modern information technology and telecommunications services. As an internationally oriented company, Deutsche Telekom AG is represented in about 50 countries around the globe and employs approximately 244,000 people worldwide. | davebowler | |
28/12/2006 15:13 | a problem with DDE. i can log in but it crashes when i open excel | spyderman | |
05/10/2006 13:57 | down again | spyderman | |
03/10/2006 11:41 | DDE went down at 11:28 | spyderman | |
02/10/2006 16:38 | DDE has gone down again | spyderman | |
02/10/2006 15:44 | DDE has gone down | spyderman | |
28/9/2006 14:52 | ADVFN thanks, VOD #N/A #N/A #N/A #N/A #N/A problem now fixed | spyderman | |
28/9/2006 14:22 | I am creating this thread since the DDE was out of Beta a long time ago. And hopefully it will create some more interest Beta testers required - Excel/DDE interface () Get the most out of ADVFN DDE Link () | spyderman |
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