DGAP-News: alstria office REIT-AG: alstria acquires office building in Hamburg
(firmenpresse) - DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous
alstria office REIT-AG: alstria acquires office building in Hamburg
21.02.2011 / 07:54
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alstria acquires office building in Hamburg
* alstria acquires an attractive office building in Hamburg
* Property is fully let and has immediate positive impact on alstria's cash
flow
HAMBURG, February 21, 2011 - alstria office REIT-AG, an internally managed
Real Estate Investment Trust (REIT), has agreed to acquire a single office
building in Hamburg. The asset is fully let and will therefore contribute
to alstria's cash flow with immediate effect.
The acquired office building is located in Hamburg City-Süd and was erected
in 1994. It provides a lettable area of around 6,600 sqm and is let to two
first class insurance companies. The lease contracts have an average lease
length of 8.1 years. CORPUS SIREO Asset Management Commercial GmbH, who has
managed the asset since 2007, coordinated the transaction process for the
seller.
'This is the third asset acquired by alstria in our core market of Hamburg
this year', said Olivier Elamine, CEO of alstria office REIT-AG.' Since the
end of 2010, alstria has been investing around EUR 67 million in office
real estate at an average initial yield close to 7%. We see an increasing
amount of acquisition opportunities in the German office market and look
forward to taking advantage of them.'
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. alstria office REIT-AG owns a diversified portfolio of properties
across attractive German office real estate markets. Its current portfolio
comprises 74 properties with an aggregate lettable space of approx. 820,000
sqm. 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.
For further information, please see:
www.alstria.com
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. Terroristattacks 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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21.02.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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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
Deutschland
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
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Hamburg, München, Stuttgart
End of News DGAP News-Service
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112832 21.02.2011
Datum: 21.02.2011 - 07:54 Uhr
Sprache: Deutsch
News-ID 33247
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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