DGAP-News: Prime Office REIT-AG / Key word(s): Real Estate/Contract
Prime Office REIT-AG concludes lease for emporia in
Stuttgart-Moehringen
07.08.2013 / 12:59
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Prime Office REIT-AG concludes lease for emporia in Stuttgart-Moehringen
- Long-term lease for more than 11,000 square metres signed
- Occupancy rate in the 'emporia' increases to about 85 percent
Munich, 7 August 2013. Prime Office REIT-AG ('Prime Office'), a leading
listed property company with REIT status focused on investments and
management of prime office properties in Germany, signed a lease with
Daimler AG, Stuttgart, for a total of 11,315 square metres of attractive
office and storage space and 220 passenger vehicle parking spaces in the
office compound 'emporia' in Stuttgart-Moehringen.
'We are pleased that we could win Daimler AG, a leading global company, as
a new tenant for the 'emporia'. This lease is testament for our ability to
rent out our high-quality office properties in good locations to attractive
and high credit-quality tenants even if rental markets are as subdued as
currently in Stuttgart', says Alexander von Cramm, CEO of Prime Office
REIT-AG.
Situated in a prominent business location in Stuttgart's district
Moehringen, the 'emporia' compound consists of several articulated
buildings and an underground parking garage that combine into a unique
office ensemble. The property has a total rental space of 25,284 square
metres and about 390 passenger vehicle parking spaces.
The new lease increases occupancy rate in the 'emporia' to about 85 percent
and with regard to the rent to about 90 percent. Other tenants in the
'emporia' are Cenit AG and Hochtief Solutions.
Daimler AG is one of the world's most successful automotive companies. With
its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans,
Daimler Buses and Daimler Financial Services, the vehicle manufacturer is
one of the biggest producers of premium cars and the world's biggest
manufacturer of commercial vehicles with a global reach. Daimler Financial
Services provides financing, leasing, fleet management, insurance and
innovative mobility services.
Additional information on the 'emporia' is available on the Internet on:
www.emporia-stuttgart.de.
Contact details
Prime Office REIT-AG
Richard Berg
Director Investor Relations / Corporate Communications
HopfenstraÃe 4
80335 Munich
Telephone +49. 89. 710 40 90 40
Facsimile +49. 89. 710 40 90 99
Email richard.berg@prime-office.de
End of Corporate News
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07.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Prime Office REIT-AG
HopfenstraÃe 4
80335 München
Germany
Phone: +49 (0)89 7104090 40
Fax: +49 (0)89 7104090 99
E-mail: richard.berg@prime-office.ag
Internet: www.prime-office.ag
ISIN: DE000PRME012
WKN: PRME01
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München,
Stuttgart; Freiverkehr in Berlin, Düsseldorf
End of News DGAP News-Service
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224678 07.08.2013
DGAP-News: Prime Office REIT-AG concludes lease for emporia in Stuttgart-Moehringen
| Source: EQS Group AG