DGAP-News: Prime Office REIT-AG is awarded BREEAM sustainability certificates for two portfolio properties
(firmenpresse) - DGAP-News: Prime Office REIT-AG / Key word(s): Real
Estate/Sustainability
Prime Office REIT-AG is awarded BREEAM sustainability certificates for
two portfolio properties
01.10.2012 / 10:21
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Prime Office is awarded BREEAM sustainability certificates for two
portfolio properties - Additional milestone in the implementation of the
green building strategy
- 'T-Online Headquarters' in Darmstadt and 'Xcite' in Duesseldorf received
'BREEAM DE In-Use' certificates for 'excellent' and 'very good' building
qualities respectively
- Certification under to the 'BREEAM DE In-Use' standard, the leading and
globally accepted certification system for sustainable portfolio properties
- The successful certification highlights the company's strong commitment
to 'green building' and sustainability as part of its strategy
- The certificates will be presented on 8 October 2012 on the EXPO REAL in
Munich
Munich, 1 October 2012. Prime Office REIT-AG ('Prime Office'), a leading
listed property company with REIT status focusing on high-quality office
properties in Germany, their operation and management, has obtained
certification of its portfolio properties 'T-Online Headquarters' in
Darmstadt and 'Xcite' in Duesseldorf under the 'BREEAM DE In-Use' standard.
As a result, the real estate company now already owns four properties with
recognised sustainability certificates, which account for about 47% of the
portfolio's total rental space (approx. 180,000 sqm).
'We are very pleased that the two properties were certified under the
'BREEAM DE In-Use' standard. This outcome is testament to our strong
commitment to sustainable properties as major assets to our company and our
strategy', says Claus Hermuth, the CEO of Prime Office REIT-AG.
Both, the 'T-Online Headquarters' and the 'Xcite', achieved excellent
scores in the evaluation that assessed both the properties and their
operation from a sustainability perspective. The building of the 'T-Online
Headquarters' was awarded five of six stars which is equivalent to an
'excellent' rating. The surveyors were also impressed with the operation of
the high-quality property, which was awarded a 'good' three of six star
rating. The 'Xcite', which is currently redeveloped into a modern and
future-oriented office building, achieved four out of six stars and thus a
'very good' rating in the building category. Its operation was assessed as
'good', earning three of six stars.
Of the 15 properties in Germany that currently hold a certificate under the
'BREEAM DE In-Use' scheme, only two properties - one of them the
'T-Online-Headquarters' of Prime Office - were awarded five of six stars
for 'excellent' building standards.
BREEAM stands for Building Research Establishment Environmental Assessment
Method for buildings. The 'Environmental Assessment Method (EAM)' for
buildings was originally developed under the name of BREEAM by Building
Research Establishment (BRE), a UK research institution. The BRE has
certified over 100,000 buildings and operates in 15 countries outside of
the UK. This makes BREEAM the globally leading and most widely used
certification method for buildings. BREEAM is a useful tool for investors,
portfolio managers, developers, architects and other market participants.
'We are very pleased to award two 'BREEAM DE In-Use' certificates toPrime
Office, one of the first property companies in the German market to have
requested this type of certification. The two properties in question
impressed the auditors with their strong quality and their efficient
operation from a sustainability perspective', says Thomas Oebbecke,
Managing Director and Partner of DIFNI GmbH&Co. KG, the German country
representation and licensee of BRE Global.
Prime Office is convinced that the responsible use of resources in
environmentally friendly real estate projects increases the value and the
productivity of a property, which is in the interest of all stakeholders.
In addition to the now successfully certified portfolio properties, the
real estate company owns another two properties with recognised
sustainability certificates: The 'SZ-Tower' in Munich, the first office
property in Germany to have obtained the 'LEED-Gold' certificate, and the
German headquarters of Medtronic in Duesseldorf/Meerbusch, which was
awarded the silver certificate of the German Association for Sustainable
Construction (Deutsche Gesellschaft für Nachhaltiges Bauen, DGNB).
The certificates documenting the two properties' successful compliance with
the 'BREEAM DE In-Use' standard will be presented to Prime Office on 8
October 2012 at 1 PM at the EXPO REAL, the international trade fair for
commercial properties and investment in Munich, at the stand of the State
Capital of Munich in pavilion A1 stand 320.
Contact details
Prime Office REIT-AG
Richard Berg
Director Investor Relations / Corporate Communications
Hopfenstraße 4
80335 Munich
Telephone +49. 89. 710 40 90 40
Facsimile +49. 89. 710 40 90 99
Email richard.berg(at)prime-office.de
About Prime Office REIT-AG
Prime Office REIT-AG (Symbol: PMO, ISIN DE000PRME012) with headquarters in
Munich is a leading property firm focusing on investments in high quality
office buildings in Germany as well as their facility and property
management. The company's portfolio consists of 14 office properties in
central locations across major cities and conurbations in Western Germany
with a total useable area of approximately 384,000 square metres. According
to a valuation performed by the property surveyor CB Richard Ellis, the 14
properties had a total market value of approximately 963.1 million euro as
at 30 June 2012. The property portfolio of Prime Office consists
exclusively of individual buildings in special locations. All holdings are
select modern office properties with an attractive architecture and quality
fit-out. The portfolio is broadly diversified across locations and tenants.
The properties are rented long-term to high credit-quality tenants. Prime
Office REIT-AG intends to generate stable long-term rental income using a
return-oriented approach to managing the existing portfolio based on broad
property, location and tenant diversification. Rental income is also
expected to grow consistently through the addition of suitable individual
properties. The company plans to become a leading specialised REIT for
prime office properties in Germany.
Additional information on Prime Office REIT-AG is available in the Internet
on:
www.prime-office.de
End of Corporate News
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Language: English
Company: Prime Office REIT-AG
Hopfenstraße 4
80335 München
Germany
Phone: +49 (0)89 7104090 40
Fax: +49 (0)89 7104090 99
E-mail: richard.berg(at)prime-office.ag
Internet: www.prime-office.ag
ISIN: DE000PRME012
WKN: PRME01
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München,
Stuttgart; Freiverkehr in Berlin, Düsseldorf
End of News DGAP News-Service
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187143 01.10.2012
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