DGAP-News: alstria office REIT-AG: alstria leases 7,700 sqm in Düsseldorf
(firmenpresse) - DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous
alstria office REIT-AG: alstria leases 7,700 sqm in Düsseldorf
13.06.2013 / 17:35
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Press release
alstria leases 7,700 sqm in Düsseldorf
- State of North Rhine-Westphalia leases asset in Hans-Böckler-Strasse 36
on a long-term basis
- New lease crystallises internal growth potential
- New contract is one of the largest leases in Düsseldorf year to date
Hamburg, June 13, 2013 - alstria office REIT-AG (symbol: AOX, ISIN:
DE000A0LD2U1), the leading German office REIT, announces the signing of a
lease for its asset in Hans-Böckler-Strasse 36, Düsseldorf.
With the successful lease-up of the building located in
Hans-Böckler-Strasse 36, Düsseldorf, alstria signed one of the largest new
leasing contracts in Düsseldorf this year. The Company agreed on a
long-term lease for the entire building with the State of North
Rhine-Westphalia for the accommodation of a regional finance office
(Finanzamt Düsseldorf-Nord). The lease will start in the first half of
2014.
alstria acquired the short-term leased asset in mid-2011 from the Dutch
real estate company VastNed. The new long-term lease was signed 18 months
after the former tenant ERGO Versicherung vacated the building.
The new leasing contract is a major success to alstria's local team in
Düsseldorf, which was established less than one year ago. The letting of
the 7,700 sqm building (plus 119 parkings) reduces the vacancy in alstria's
Düsseldorf portfolio by approximately 40% in one shot and will contribute
to the Company's internal growth from 2014 onwards. The leasing success is
based on the combination of a well located, high-quality building,
alstria's competitive pricing in the leasing market and the Company's
strong and proven asset management expertise.
'With the State of North Rhine-Westphalia we are happy to welcome a new
key-tenant to our portfolio and we are looking forward to a long-term
partnership', says Olivier Elamine, CEO of alstria. 'This new lease is
another testimony to alstria's strong real estate operations and its
ability to create value for both its tenants and shareholders'.
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 March 31, 2013 the
portfolio comprised 82 properties with an aggregate lettable space of
919,000 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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13.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group 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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216344 13.06.2013
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Datum: 13.06.2013 - 17:35 Uhr
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