DGAP-News: Prime Office REIT-AG / Key word(s): Contract/Real Estate
Prime Office REIT-AG successfully concludes lease in Heilbronn:
Long-term lease for about 2,000 square metres or 14% of the overall
lettable space in the 'Neckarturm'
07.10.2013 / 07:34
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PRESS RELEASE
Prime Office REIT-AG successfully concludes lease in Heilbronn
- Long-term lease for about 2,000 square metres or 14% of the overall
lettable space in the 'Neckarturm' in Heilbronn concluded
- Land Registry as another high credit quality tenant for Prime Office
Munich, 07 October 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, concluded a long-term
lease for 2,021 square metres or approximately 14% of the total lettable
space in the office and retail building 'Neckarturm' in Heilbronn.
With the Land Registry of the City of Heilbronn, Prime Office could win
another new and high credit quality tenant for the 'Neckarturm' building
located in the Bahnhofstrasse, Heilbronn. The tenant was particularly
attracted by the central location, the good accessibility and the prestige
of the property. The ten-year lease commences on 1 November 2014.
The high-quality property 'Neckarturm' has 14,750 square metres of lettable
space of which currently 13,482 square metres are let. This corresponds to
an occupancy level of 91.4%. Key tenants in the 'Neckarturm' are the Lidl
Foundation and Accor Hotellerie Deutschland GmbH.
'We are delighted that we could successfully conclude a long-term lease
with a high credit quality tenant for yet another property in our
portfolio. This underlines the strong quality of the property and
the strength of our asset management' says Alexander von Cramm,
Member of the Board of Prime Office REIT-AG.
Contact
Prime Office REIT-AG
Richard Berg
Director Investor Relations / Corporate Communications
Hopfenstrasse 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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07.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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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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233486 07.10.2013
DGAP-News: Prime Office REIT-AG successfully concludes lease in Heilbronn: Long-term lease for about 2,000 square metres or 14% of the overall lettable space in the 'Neckarturm'
| Source: EQS Group AG