DGAP-News: DO Deutsche Office AG / Key word(s): Real Estate
DO Deutsche Office AG: Leasing successes in two office properties in
Munich and Bonn
20.02.2015 / 07:15
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Deutsche Office: Leasing successes in two office properties in Munich and
Bonn
Cologne, 20 February 2015. DO Deutsche Office AG ("Deutsche Office",
symbol: PMOX, ISIN: DE000PRME020) has achieved further leasing successes in
Munich and Bonn.
In the Taunusstrasse property in Munich, tenancy agreements have been
signed with a leading development and consulting partner for electronics
and information technology on a total area of around 2,200 sqm, each over a
term of 5 years. This has produced increases in rental income of around
10%. The property now has a weighted average lease term ("WALT") of
approximately six years and is fully leased.
A ten-year tenancy agreement has been further signed with a non-profit
association on 637 sqm in the property on Potsdamer Platz in Bonn. The new
tenant will move into the premises from August 1, 2015, bringing the
occupancy rate of the property in Bonn's Nordstadt area up to around 95%.
The property now has a WALT of approximately seven years.
The tenancy agreements in Munich and Bonn successfully underpin the
strategy of sustainably increasing property occupancy rates in the course
of an active asset management approach.
Letting contact:
DO Deutsche Office AG
Jörg Kesting
Head of Asset Management
E-Mail jkesting@deutsche-office.de
Telephone +49 (0)221 - 888 29 210
Corporate contact:
DO Deutsche Office AG
Richard Berg
Head of Investor Relations & Corporate Communications
Email rberg@deutsche-office.de
Telephone +49 (0)221 - 888 29 160
About DO Deutsche Office AG
Deutsche Office is a leading exchange-listed office property company,
focussing on German metropolitan regions and conurbations. As at 30
September 2014, its geographically diversified real estate portfolio
contained 53 properties held as investments, with a total rental area of
about 936,000 square metres and an attractive and broad tenant base. As at
30 September 2014, the properties had a market value of about EUR 1.8
billion. Deutsche Office's business model is based on the profit-oriented
asset management of office properties in German metropolitan regions,
underpinned by investment to increase and to maintain the value of the
properties in the portfolio. The strategy also includes the acquisition of
properties with potential for appreciation as well as exploiting potential
sales opportunities, which are applied throughout the entire property cycle
in order to capitalise the appreciation achieved and to invest in new
properties.
Additional information on Deutsche Office is available online at:
http://deutsche-office.de
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20.02.2015 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.
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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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of News DGAP News-Service
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325315 20.02.2015
DGAP-News: DO Deutsche Office AG: Leasing successes in two office properties in Munich and Bonn
| Source: EQS Group AG