Develica Share Discussion Threads

[davebowler] 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: [phone]
Philip Secrett, Grant Thornton Corporate Finance Tel: [phone]

[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

[wonder boy] 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.

[ydderf] 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 [e-mail]

[wonder boy] 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 [e-mail]

Thanks.

[davebowler] 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.



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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

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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



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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



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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



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The Atrium Bonn






Located at the Bonner Government quarter, between the Heinrich-von-Stephan-Straße and the Heinemannstraße.

* 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.

[spyderman] 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 ()