DGAP-News: alstria office REIT-AG: Sale of an asset in Düsseldorf
(firmenpresse) - DGAP-News: alstria office REIT-AG / Key word(s): Real Estate/Disposal
alstria office REIT-AG: Sale of an asset in Düsseldorf
21.12.2012 / 13:55
---------------------------------------------------------------------
Press release
Sale of an asset in Düsseldorf
- Sale of a building after lease-up
- In 2012 alstria sold assets worth 18.7 m (annual rent of EUR 1.3 m)
- Average premium to appraised value of 4.9%
Hamburg, December 21, 2012 - alstria office REIT-AG (symbol: AOX, ISIN:
DE000A0LD2U1), the leading German office REIT, announces the sale of an
asset in Düsseldorf to the fund FLE SICAV FIS based in Luxemburg.
Disposal unlocks additional value
The asset located in the periphery of Düsseldorf (Benrather Schlossallee)
was successfully sold for EUR 7.6 m, representing a premium of 7.7% to the
latest appraised value. The transaction is expected to be closed in the
first quarter of 2013. The building, which was acquired at the end of 2007
with a short-term lease, has been re-let on a long-term basis in the course
of 2011. In the lease-up process the rental income on the property was
increased by around 15%. The transaction was brokered by Colliers
International.
Asset sales of EUR 18.7 m in 2012
In the course of 2012 alstria sold four assets for a total consideration
of EUR 18.7 m in Nuremberg, Hamburg, Dresden and Düsseldorf at an average
premium to book value of 4.9%. The combined contractual rent amounts to EUR
1.27 m per annum, reflecting an average disposal yield of 6.8%
(vs. valuation yield of 7.1% as of Dec. 31, 2011).
About alstria:
alstria office REIT-AG is an internally managed Real Estate Investment
Trust (REIT) focused solely on acquiring, owning and managing office real
estate in Germany. alstria was founded in January 2006 and was converted
into the first German REIT in October 2007. Its headquarters are in
Hamburg. The Company owns a diversified portfolio of properties across
attractive German office real estate markets. As of September 30, 2012 the
portfolio comprised 84 properties with an aggregate lettable space of
927,000 sqm and is valued at approximately EUR 1.6 bn. The alstria office
REIT-AG strategy is based on active asset and portfolio management as well
as on establishing and maintaining good relationships with key customers
and decision makers. alstria focuses on long-term real estate value
creation.
Contact:
Ralf Dibbern, IR/PR
Phone: +49 (0) 40 226 341 329
Email: rdibbern(at)alstria.de
More information on:
www.alstria.com
www.alstria.blogspot.com
www.twitter.com/alstria_REIT
Disclaimer:
This release constitutes neither an offer to sell nor a solicitation of an
offer to buy any shares. As far as this press release contains
forward-looking statements with respect to the business, financial
condition and results of operations of alstria office REIT-AG (alstria),
these statements are based on current expectations or beliefs of alstria's
management. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or performance of
the Company to differ materially from those reflected in such
forward-looking statements. Apart from other factors not mentioned here,
differences could occur as a result of changes in the overall economic
situation and the competitive environment - especially in the core business
segments and markets of alstria. Also, the development of the financial
markets and changes in national as well as international provisions
particularly in the field of tax legislation and financial reporting
standards could have an effect. Terrorist attacks and their consequences
could increase the likelihood and the extent of differences. alstria
undertakes no obligation to publicly release any revisions or updates to
these forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated events.
End of Corporate News
---------------------------------------------------------------------
21.12.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: alstria office REIT-AG
Bäckerbreitergang 75
20355 Hamburg
Germany
Phone: 040-226 341 300
Fax: 040-226 341 310
E-mail: info(at)alstria.de
Internet: http://www.alstria.de
ISIN: DE000A0LD2U1
WKN: A0LD2U
Indices: SDAX, EPRA, German REIT Index
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Hamburg, München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
197744 21.12.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 21.12.2012 - 13:55 Uhr
Sprache: Deutsch
News-ID 215218
Anzahl Zeichen: 13132
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 243 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: alstria office REIT-AG: Sale of an asset in Düsseldorf"
steht unter der journalistisch-redaktionellen Verantwortung von
alstria office REIT-AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
