Real estate activities of the HORNBACH Group

The HORNBACH Group uses retail properties with surfaces totaling 1,918,354 m² 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, 2021, this share amounted to around 60% (2019/20: 60%). The remaining 40% (2019/20: 40%) of sales areas (including finance leases) are rented from third parties (38%). 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 m2	Share %
Property of HORNBACH Baumarkt AG subgroup	53	628,464	32.8
Property of HORNBACH Immobilien AG subgroup	43	516,763	26.9
Total property owned	96	1,145,227	59.7
Land rented, buildings owned	4	34,968	1.8
Operating lease	63	738,159	38.5
Total	163	1,918,354	100.0

(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.