alstria office REIT-AG: alstria leases 7,600 sqm in 'Am Seestern 1'
alstria leases 7,600 sqm in "Am Seestern 1" (Düsseldorf)
Hamburg, May 29, 2017 - alstria office REIT-AG (symbol:PMOX, ISIN: DE000PRME020), announces the signature of a new lease for its asset "Am Seestern 1" in Düsseldorf.
The new tenant, a leading information technology company, will lease up approximately 7,600 sqm of office and ancillary space on a long-term lease basis. The lease is scheduled to start as per December 1, 2017 and will generate an annual rental income of around EUR 1.3 million. The 36,200 sqm building "Am Seestern 1" in Düsseldorf is the last building with substantial vacancy out of the portfolio alstria acquired with the takeover of former Deutsche Office in 2015.
"With the implementation of our successful lease-up strategy we continue to extract the value of the assets we acquired in the Deutsche Office transaction", says Olivier Elamine, CEO of alstria office REIT-AG. "Following the success in Frankfurt on the Kastor asset which is now around 85% let, this new leasing in the "Seestern 1" in Düsseldorf again demonstrates the ability of alstria to add value through the active management and repositioning of office assets. The German leasing market remains extremely supportive and we look forward to continue taking advantage of it."
The tenant was advised by Colliers, JLL was lead broker in the letting process.
About alstria: alstria office REIT AG is the leading real-estate operator focusing solely on German office property in selected German markets. Our strategy is based on the ownership and an active management of our properties throughout their entire life cycle, strong added-value services to our customers and deep knowledge of the markets in which we operate. alstria strives for sustainable long-term value creation while taking advantage of short-term arbitrage of inefficiencies in the real estate markets. The portfolio comprises 108 buildings with a lettable area of 1.5 million sqm and a total portfolio value of EUR 3.0 billion.
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.Contact: alstria office REIT-AG Ralf Dibbern Head of IR & PR Bäckerbreitergang 75 20355 Hamburg Germany T +49 40 22 63 41-329 F +49 40 22 63 41-229 firstname.lastname@example.org
29.05.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English
Company: alstria office REIT-AG Bäckerbreitergang 75 20355 Hamburg
Germany Phone: 040-226 341 300 Fax: 040-226 341 310 E-mail: email@example.com Internet: http://www.alstria.de ISIN: DE000A0LD2U1 WKN: A0LD2U Indices: MDAX, EPRA, German REIT Index Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service