DGAP-News: alstria office REIT-AG: Sale of an asset in Hamburg
(firmenpresse) - DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous
alstria office REIT-AG: Sale of an asset in Hamburg
06.03.2013 / 17:32
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Press release
Sale of an asset in Hamburg
- alstria sells an asset located in Kanalstrasse 44 in Hamburg
- 8,100 sqm building is located in a residential area
Hamburg, March 06, 2013 - alstria office REIT-AG (symbol: AOX, ISIN:
DE000A0LD2U1), the leading German office REIT, announces the sale of an
asset in Hamburg.
The asset located in Kanalstrasse 44 in Hamburg-Uhlenhorst was sold for EUR
15 m, representing a slight premium to the Dec. 31, 2012 appraised value.
The transaction, which is still subject to standard closing condition
precedent, is expected to close in the second quarter of 2013. The building
was acquired at the end of 2007 for a total consideration of EUR 10.7 m as
part of a sale-and-leaseback transaction with a German corporation. The
asset, which is 98% let, generates a total annual rent of EUR 913 k and has
an average lease length of 4.5 years.
'Capital recycling discipline is key to our business', said Olivier
Elamine, CEO of alstria. 'With this sale, we are very opportunistically
making good use of the strong demand for products with a residential
potential, and unlocking capital that can be reinvested rapidly in our
refurbishment pipeline'
The transaction was brokered by Grossman&Berger.
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 December 31, 2012 the
portfolio comprised 84 properties with an aggregate lettable space of
929,000 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
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06.03.2013 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
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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
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203250 06.03.2013
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Datum: 06.03.2013 - 17:32 Uhr
Sprache: Deutsch
News-ID 236722
Anzahl Zeichen: 6541
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Kategorie:
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