DGAP-News: WCM Beteiligungs- und Grundbesitz-AG

DGAP-News: WCM achieves lease successes in first half of 2016 and further optimises financing structure

DGAP-News: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Contract/Real Estate WCM achieves lease successes in first half of 2016 and further optimises financing structure

04.07.2016 / 08:30 The issuer is solely responsible for the content of this announcement.

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WCM achieves lease successes in first half of 2016 and further optimises financing structure

- Lease-up and extension of c. 5,000 sqm with an annualised rental income of EUR 0.7 M achieved in first half of the year

- 10 year lease contract in newly acquired asset in Straubing

- Pro-forma portfolio of EUR 590.1 M

- Average cost of debt further decreased to 2.0%

- Net-LTV of portfolio stands at 51.7% ahead of schedule for its target

Frankfurt, 4 July 2016 - WCM Beteiligungs- und Grundbesitz-AG (WCM AG, ISIN: DE000A1X3X33) announces a further lease contract for the newly acquired asset in Straubing. The lease of c. 1,000 sqm substantiates WCM's asset management activities in the first half of the year with newly signed and renewed leases for a total area of 5,000 sqm. The 10 year contract was signed with a leading fashion retailer and adds EUR 0.14 M to the annual rental income. The occupancy has increased from 88% to 91%.

At the end of June 2016, the pro-forma portfolio of WCM has a value of c. EUR 590.1 M and includes the recently secured developments of two retail parks with a purchase price of EUR 25.8 M. The acquisition is anticipated to close at the end of the fourth quarter. The EPRA vacancy of the overall portfolio stands at a low 3.9% with a weighted average remaining lease term (WALT) of 9.5 years. Including the rental income of the recent leases with a value of EUR 0.7 M, the pro-forma annualised rental income is EUR 35.4 M. Despite the disposals of four assets, WCM has already increased the portfolio gross asset value by c. EUR 58.6 M (+11.6%) since the end of 2015. Further acquisitions are anticipated for the second half of the year.

In addition to the successful leasing activities, WCM has further optimised its financing structure. The Net-LTV of 51.7% already stands at its communicated long-term target range. The cost of debt is at a low 2.0%. The portfolio achieves an annualised pro-forma FFO I of c. EUR 21 M.

Stavros Efremidis, CEO of WCM AG comments: "We have demonstrated within the first half year of 2016 the high quality of our portfolio and our strong asset management capabilities resulting in additional lease-up and contracts renewals at attractive conditions. We will continue our acquisition strategy and in combination with our successful asset management deliver high and steady cash flows ".

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 c. EUR 600 M. The company has extensive loss carry forwards in corporate and commercial tax. Shares of WCM AG are listed in the SDAX of Deutsche Boerse since 21 December 2015.

Press contact:

edicto GmbH Axel Mühlhaus/ Dr. Sönke Knop Eschersheimer Landstraße 42 60322 Frankfurt am Main +49 (0) 69-905505-51 wcm@edicto.de

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04.07.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language: English Company: WCM Beteiligungsund Grundbesitz-AG Bleichstr. 64-66 60313 Frankfurt am Main Germany Phone: +49 (0)30 8870 476-10 Fax: +49 (0)30 8870 476-20 Internet: www.wcm.de ISIN: DE000A1X3X33, SDAX WKN: A1X3X33 Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Stuttgart; Regulated Unofficial Market in Munich End of News DGAP News Service ---------------------------------------------------------------------------

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