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 1,090,940 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, 2019, this share amounted to around 59 % (2017/18: 57 %). The remaining 41 % (2017/18: 43 %) of sales areas (including finance leases) are rented from third parties (39 %). 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||50||583,556||31.5|
|HORNBACH Immobilien AG subgroup||43||507,384||27.4|
|Subtotal of property owned||93||1,090,940||58.9|
|Land rented, buildings owned||4||34,968||1.9|
(Differences due to rounding up or down)
As well as managing and maintaining existing properties, HORNBACH Immobilien AG is also responsible for developing new locations. That is why its strong team of internationally experienced real estate specialists is permanently on the lookout for first-class locations, i.e. top-quality properties from around 30,000 square meters upwards located in the catchment areas of metropolitan regions and large cities.
|HORNBACH Immobilien AG|
|76879 Bornheim bei Landau|
|Phone: +49 6348 / 6000|
|Fax: +49 6348 / 60 4000|
Erich Harsch to be new Chief Executive Officer of Hornbach Baumarkt AG
Ad-Hoc announcement by HORNBACH Baumarkt AG: Erich Harsch to be new CEO of HORNBACH Baumarkt AG as of January 1, 2020