DGAP-News: alstria office REIT-AG: alstria leases 2,000 sqm in Hamburg
(firmenpresse) - DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous
alstria office REIT-AG: alstria leases 2,000 sqm in Hamburg
26.11.2013 / 17:34
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Press release
alstria leases 2,000 sqm in Hamburg
- Global advertising agency leases around 2,000 sqm in alstria's
Holstenhof (Kaiser-Wilhelm-Strasse 79-87)
- Historical building in the inner city of Hamburg is undergoing a full
refurbishment
Hamburg, November 26, 2013 - alstria office REIT-AG (symbol: AOX, ISIN:
DE000A0LD2U1), the leading German office REIT, announces the signing of a
lease for one of its development assets located in the inner city of
Hamburg.
With the new leasing success in its Holstenhof asset
(Kaiser-Wilhelm-Strasse 79-87, Hamburg) alstria continues its progress in
the development segment. The new tenant, a leading advertising agency,
signed a 5-year lease for approximately one third of the available space.
The lease will start on July 1, 2014. After the entire lease-up, the
building will generate an annual rental income of EUR 1.1 m.
alstria acquired the 5,500 sqm asset in 2006 from the City of Hamburg with
an annual rental income of EUR 500 k. After the relocation of the former
tenant into another building of alstria's portfolio the Company initiated a
complete refurbishment, which substantially improves the quality and
attractiveness of the asset, while safeguarding its historical nature. The
building will be certified by the 'BREEAM International Green Building
Standard'.
'The tenant demand for optimised office space remains high', says Olivier
Elamine, CEO of alstria. 'Through the refurbishment process of the
Holstenhof we are giving this historical asset a new life. This is exactly
alstria's strength: To turn around undermanaged assets by hard work and
generate value for our tenants, shareholders and the cities in which we
invest'.
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
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, 2013 the
portfolio comprised 79 properties with an aggregate lettable space of
911,800 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.
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
theCompany 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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26.11.2013 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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241796 26.11.2013
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Datum: 26.11.2013 - 17:34 Uhr
Sprache: Deutsch
News-ID 320514
Anzahl Zeichen: 7078
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Kategorie:
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