DUISBURG (dpa-AFX) – New working models, demographics and Digitalization: The office market in Germany is subject to significant structural changes. The real estate group HAMBORNER REIT, which previously specialized in this area, therefore wants to reposition itself. The medium-term goal is to reduce the office share of the total portfolio volume to 10 to 20 percent, the company announced on Monday in Duisburg. The company will focus on retail properties in the local supply sector and hardware stores, it said. This market is characterized by a comparatively high level of stability and attractive future prospects. After the news, the share temporarily lost around 6 percent.
In this context, the company is revising its investment criteria. In the future, retail properties with a purchase volume of less than ten million euros will also be taken into account in order to expand market access and increase transaction capability, it said. In addition, the focus should no longer only be on metropolitan regions.
For the new year, the company expects lower income from rents and leases compared to the previous year. This is mainly due to the sales of existing properties in 2025. They are likely to fall to 87.5 to 89.5 million euros, after 89.5 to 90.5 million euros expected for last year.
Hamborner Reit also sees Funds from Operations (FFO), which is important for the industry, lower in 2026: at 38 to 42 million euros. The company has forecast 44 to 46 million for 2025. The expected decline results, on the one hand, from the reduced rental income due to the sales and, on the other hand, from increased expenses compared to the previous year.
Hamborner Reit wants to provide further details when the figures for 2025 are published on Thursday./nas/jha/