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
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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.
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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.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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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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