DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous
alstria office REIT-AG: alstria leases 2,100 sqm in Hamburg
Norderstedt
12.07.2012 / 08:28
---------------------------------------------------------------------
Press release
alstria leases 2,100 sqm in Hamburg Norderstedt
- Long-term lease signed with the German subsidiary of a major
international industrial corporation
- Rental income on the property increased by almost 40%
Hamburg, July 12, 2012 - alstria office REIT-AG (symbol: AOX, ISIN:
DE000A0LD2U1), the leading German office REIT, announces the signing of a
lease agreement with the German subsidiary of a major industrial
international corporation in Hamburg Norderstedt.
The asset which has been recently acquired by alstria in May 2012 as part
of the 'Dive' transaction has had a total vacancy rate at acquisition of
40%. The signing of this new lease allows the vacancy rate on this asset to
be cut down to 21%, and increase the total annual rental income by almost
40% from EUR 590 k to EUR 827 k per annum.
The lease transaction was brokered by BNP Paribas Real Estate GmbH
(Hamburg). The new lease is set to start in December 2012.
'This leasing result reflects the ability of alstria's real estate
operation to deliver on our strategy', says Olivier Elamine, CEO of
alstria. 'Our leasing activity is running according to our plans, and
sometimes, as in this case, even faster than we have expected. The strong
letting demand in the market is still extremely supportive.'
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. Its current portfolio
comprises 84 properties with an aggregate lettable space of approx. 927,000
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.
For further information, please contact:
Ralf Dibbern, IR/PR
Phone: +49 (0) 40 / 226 341-329
Email: rdibbern@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
---------------------------------------------------------------------
12.07.2012 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
---------------------------------------------------------------------
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@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
---------------------------------------------------------------------
177593 12.07.2012
DGAP-News: alstria office REIT-AG: alstria leases 2,100 sqm in Hamburg Norderstedt
| Source: EQS Group AG