DGAP-News: Prime Office AG leases more than 10,000 square metres in Stuttgart-Möhringen
(firmenpresse) - DGAP-News: Prime Office AG / Key word(s): Contract
Prime Office AG leases more than 10,000 square metres in
Stuttgart-Möhringen
28.06.2011 / 20:38
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Prime Office AG leases more than 10,000 square metres in
Stuttgart-Möhringen
- Cenit AG signs new 10 year lease contract in office compound 'Emporia'
- Hochtief Solutions AG as additional high-profile tenant
- Another letter of intent for an additional 15 year lease received
Munich, 28 June 2011. Prime Office AG ('Prime Office'), a leading property
firm focused on investments and management of prime office properties in
Germany, today concluded two leases in its Stuttgart-Möhringen property
with Cenit AG and Hochtief Solutions AG for an overall 10,100 square
metres.
Cenit AG is a leading advisory and software specialist for the optimisation
of business processes. The company's existing lease expires by the end of
2011, however a new 10 year lease for about 7,500 square metres could be
concluded. Prime Office could also win Hochtief Solutions AG, a subsidiary
of the internationally leading construction services firm Hochtief AG, as a
new tenant. The lease for about 2,600 square metres will commence on 1
December 2011 and run for five years. In addition, Prime Office received a
letter of intent for a new 15 year lease for approximately 1,000 square
metres in this property.
Prime Office had started the marketing activities for the
Stuttgart-Möhringen-based office compound 'Emporia' in January 2011 with
Jones Lang LaSalle as the lead broker. The building compound offers
approximately 25,000 square metres of usable space.
Additional information on the 'Emporia' compound is available in the
Internet on: www.emporia-stuttgart.de.
Contact
Prime Office AG
Richard Berg
Director Investor Relations / Corporate Communications
Hopfenstraße 6
80335 Munich
Telephone +49. 89. 710 40 90 40
Facsimile +49. 89. 710 40 90 99
Email richard.berg(at)prime-office.de
About Prime Office AG
Prime Office AG ('Prime Office') is a leading property firm focusing on
investments in high quality office buildings in Germany. The company's
portfolio consists of 14 office properties in central locations across
major cities and conurbations in Western Germany with a total useable area
of approximately 385,000 square metres. According to a valuation performed
by the property surveyor CB Richard Ellis, the 14 properties had a total
market value of 970 million Euro as at 31 March 2011. The property
portfolio of Prime Office exclusively consists of individual buildings in
premium locations. All holdings are select modern office properties with an
attractive architecture and high building quality. The portfolio is broadly
diversified across locations and tenants. The properties are rented
long-term to high credit-quality tenants. Prime Office AG intends to
generate stable long-term rental income using a return-oriented approach of
managing the existing portfolio based on broad property, location and
tenant diversification. Rental income is also expected to grow consistently
through the addition of suitable individual properties. The company plans
to become a leading specialised REIT for prime office properties in
Germany.
For additional information on Prime Office AG please visit us in the
Internet on: www.prime-office.de.
Disclaimer
To the extent that this press release may constitute an advertisement, it
does not constitute an offer to sell or the solicitation of an offer to
purchase the shares or other securities in Prime Office AG. Furthermore,
this press release does neither replace the prospectus nor any possible
Supplement. The Supplement No. 1 to the Prospectus dated 7 June 2011 was
approved by the German Federal Financial Supervisory Authority (BaFin) and
published on 28 June 2011. Investors are able to obtain a free copy the
Supplement No. 1 together with a free copy of the Prospectus approved on 7
June 2011 from Prime Office AG (Hopfenstraße 6, 80335 Munich) or on the
website www.prime-office.de and from the Joint Global Coordinators.
This release is not an offer of securities for sale in the United States of
America. Securities may not be offered or sold in the United States of
America absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended (the 'Securities Act'). Any public
offering of securities to be made in the United States of America would be
made by means of a prospectus that could be obtained from Prime Office AG
and that would contain detailed information about the company and
management, as well as financial statements. There will be no public offer
of the securities in the United States of America.
Subject to certain exceptions, the securities referred to in this
publication may not be offered or sold in Australia, Canada or Japan or to,
or for the account or benefit of, any national, resident or citizen of
Australia, Canada or Japan.
End of Corporate News
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28.06.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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: Prime Office AG
Hopfenstraße 6
80335 München
Deutschland
Phone: +
Fax: +
E-mail: richard.berg(at)prime-office.ag
Internet: www.prime-office.ag
ISIN: DE000PRME012
WKN: PRME01
Listed: Regulierter Markt in Frankfurt (Prime Standard), München
Notierung vorgesehen / intended to be listed (Prime
Standard)
End of News DGAP News-Service
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130055 28.06.2011
Datum: 28.06.2011 - 20:38 Uhr
Sprache: Deutsch
News-ID 34487
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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