DGAP-News: DO Deutsche Office AG / Key word(s): Real Estate DO Deutsche Office AG: Early lease extension with Zurich Insurance in Frankfurt (news with additional features) 27.11.2014 / 07:20 --------------------------------------------------------------------- Early lease extension with Zurich Insurance in Frankfurt Cologne, Frankfurt, 27 November 2014. DO Deutsche Office AG ("Deutsche Office", Symbol: PMOX, ISIN: DE000PRME020), a leading office property company that focuses on German metropolitan regions and conurbations, signed an early lease extension with Zurich Insurance for its office building in Olof-Palme-Strasse in Frankfurt am Main. Thereby, the current lease term of the now fully let property is approximately six years. Zurich Insurance benefits from the excellent location of the property with a lettable space of approximately 10,400 sqm, its good access to the public transportation network and especially the building's high visibility and wide impact in the Merton district in Frankfurt. The tenant is further convinced by the object's quality and its facilities equipped with an own canteen as well as its flexible space structures, providing both for single offices and open-office solutions. They enable the operation of the Zurich customer center as a call center. During the last years, the building has established itself under the name "Zurich House" as the insurance company continued to rent additional office space and has become the only tenant in the now fully let property. Jones Lang LaSalle Frankfurt acted as broker advising the lease. Letting Contact: DO Deutsche Office AG Christoph Kellermann Head of Letting Management E-Mail ckellermann@deutsche-office.de Telephone +49 (0)221 - 888 29 222 Corporate Contact: DO Deutsche Office AG Richard Berg Head of Investor Relations & Corporate Communications E-Mail rberg@deutsche-office.de Telephone +49 (0)172 - 815 20 50 About DO Deutsche Office AG Deutsche Office is a leading office property company focussing on German metropolitan regions. As at 30 September 2014, its geographically diversified real estate portfolio contained 53 properties with a total lettable area of about 936,000 square metres and an attractive and broad tenant base. As at 30 September 2014, the properties had a total market value of about EUR 1.8 billion. The business model of Deutsche Office is based on the return-oriented management of assets and particularly of office properties in German metropolitan regions. This strategy is complemented by the selective pursuit of value-add investments and attractive buying opportunities in locations with a proven track record of significant value increases. Additional information on Deutsche Office is available on the Internet on: http://deutsche-office.de +++++ Additional features: Document: http://n.equitystory.com/c/fncls.ssp?u=VEGFOBSUAY Document title: Letting Zurich Insurance --------------------------------------------------------------------- 27.11.2014 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. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: DO Deutsche Office AG Maarweg 165 50825 Köln Germany Phone: +49 (0)221 88829 100 Fax: +49 (0)221 88829 299 E-mail: info@deutsche-office.de Internet: www.deutsche-office.de ISIN: DE000PRME020 WKN: PRME02 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 299931 27.11.2014
DGAP-News: DO Deutsche Office AG: Early lease extension with Zurich Insurance in Frankfurt (news with additional features)
| Source: EQS Group AG