DGAP-News: DO Deutsche Office AG / Key word(s): Real Estate DO Deutsche Office AG: 10-year lease in the AM SEESTERN 1 property in Dusseldorf for 2,520 sqm of office space 06.05.2015 / 08:10 --------------------------------------------------------------------- Office lease agreement with Alloheim Senioren-Residenzen GmbH Deutsche Office: 10-year lease in the AM SEESTERN 1 property in Dusseldorf for 2,520 sqm of office space Cologne, Dusseldorf 6 May 2015. DO Deutsche Office AG (Deutsche Office) has finalized a 10-year lease agreement with Alloheim Senioren-Residenzen GmbH, Dusseldorf - a private operator of senior care and nursing homes - for 2,520 square metres (sqm) of office space in the AM SEESTERN 1 property in Dusseldorf. Alloheim will move its Dusseldorf headquarters from the Mediahafen to the Seestern. Deutsche Office will renovate and adapt the leased space for the tenant. The lease starts on September 16, 2015. This lease agreement increases the occupancy rate by c9 percent to 70 percent. Property consultant CBRE brokered the lease while JLL, lead broker for the property AM SEESTERN 1, is responsible for marketing. "Following closely on the leasing of the KASTOR TOWER in Frankfurt, the finalization of this long-term lease for our property at AM SEESTERN 1 has allowed us to conclude another important lease agreement in a challenging rental market, which underscores the attractiveness, quality and location of our properties" says Jürgen Overath, Speaker of the Board at Deutsche Office. The property at AM SEESTERN 1 is a modern landmark building that combines maximum visibility with convenient access to local infrastructure and excellent integration into the transportation network in the established Seestern office quartier of Dusseldorf. The building offers 36,100 sqm of leasable space along with a large underground parking garage with 714 spaces and has been awarded a "BREEAM DE Bestand" sustainability certificate. The building provides modern, market standard equipped rental spaces ranging in size from 460 sqm to 2,710 sqm on a single level that combine maximum efficiency with economic viability. Tenants enjoy the benefits of an internal conference center, a public cafeteria-style restaurant with outdoor terrace as well as rental units with rooftop terraces, all of which serve to round off this attractive and luxurious office complex at AM SEESTERN 1. Contact for rental queries: DO Deutsche Office AG Jörg Kesting Head of Asset Management Email jkesting@deutsche-office.de Phone +49 (0)221 - 888 29 210 Contact for queries about the company: DO Deutsche Office AG Richard Berg Head of Investor Relations & Corporate Communications Email rberg@deutsche-office.de Phone +49 (0)221 - 888 29 160 Deutsche Office is a leading, SDAX index listed office property company, focussing on German metropolitan regions and conurbations. As at 31 December 2014, its geographically diversified real estate portfolio currently contains 51 properties held as investment properties, with a total rental area of about 900,000 square metres and an attractive and broad tenant base. As at 31 December 2014, the properties had a market value of about EUR 1.8 billion. Deutsche Office's business model is based on the profit-oriented, active 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 includes the acquisition of properties with potential for appreciation as well as exploiting sales opportunities 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.com Additional information on the property AM SEESTERN 1 is available online at: http://amseestern1.de About Alloheim Senioren-Residenzen GmbH With its 69 locations and roughly 6,000 employees, the Alloheim Group is the fifth largest private operator of senior care facilities, outpatient-care facilities and assisted living units in Germany. The Group has achieved considerable success in the market and has shown an above-average growth in revenue of 30% per annum over the past five years. Alloheim Senioren Residenzen has grown consistently since its founding in the 1970s. The group both builds new facilities and takes over existing buildings that fit the company's quality and performance profile. Alloheim senior care facilities focus on upholding the highest quality standards with respect to the architectural character, location, and services provided by their properties. --------------------------------------------------------------------- 06.05.2015 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. 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 353489 06.05.2015
DGAP-News: DO Deutsche Office AG: 10-year lease in the AM SEESTERN 1 property in Dusseldorf for 2,520 sqm of office space
| Source: EQS Group AG