Real estate activities of the HORNBACH Group
The HORNBACH Group has an extensive real estate portfolio. This chiefly consists of retail properties with surfaces totaling 1,821,807 m² that are used as DIY stores with garden centers.
The HORNBACH Group has an overriding strategy of ensuring that – measured in terms of sales areas and also accounting for potential sale and leaseback transactions – it owns at least half of the real estate used for operating purposes. At the balance sheet date on February 28, 2018, this share amounted to around 57 % (2016/17: 57 %). The remaining 43 % (2016/17: 43 %) of sales areas (including finance leases) are rented from third parties (41 %). In individual cases (2 %), only the land has been leased (hereditary lease). In addition, HORNBACH Immobilien AG and HORNBACH Baumarkt AG both hold a number of purchase options entitling them to acquire further land at first-class locations in Germany and abroad. Moreover, group companies also already own pieces of land in Germany and abroad which are earmarked for use as retail locations.
|No. of stores||Sales area|
|HORNBACH Baumarkt AG subgroup||45||527,995||29,0|
|HORNBACH Immobilien AG subgroup||43||507,384||27.9|
|Subtotal of property owned||88||1,035,379||56.9|
|Land rented, buildings owned||4||34,968||1.9|
(Differences due to rounding up or down)
Hornbach Group meets earnings forecast and forges ahead with multichannel retail
Voting Rights Announcement: Hornbach Holding AG & Co. KGaA // Deutsche Asset Management Investment GmbH