Corporate | 5 March 2007 10:02
Alstria Office AG / IPO
Release of a Corporate-announcement, transmitted by DGAP – a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.
———————————————————————-
Not for distribution in or into the United States, Canada, Japan or
Australia
alstria plans IPO before summer 2007
• Listing on the Regulated Market (Prime Standard) at the Frankfurt Stock
Exchange targeted
• Funds raised from capital increase would be used to finance future growth
Hamburg, 05 March 2007 – Alstria Office AG (alstria), a real estate company
solely focused on acquiring, owning and managing office real estate in
Germany, is planning an IPO before summer 2007 depending on capital market
conditions. The company aims to list on the Regulated Market (Prime
Standard) of the Frankfurt Stock Exchange. alstria intends to release
further details regarding its IPO plans at a later stage.
alstria intends to use funds raised from a capital increase contemplated as
part of the IPO to finance the company’s growth-oriented, value-adding
strategy that has been successfully implemented since the company was
established.
Olivier Elamine, CEO of alstria: ‘When looking at alstria’s track record
and the approximately Euro 1.4 bn real estate portfolio that has been
acquired – approximately 1.6 bn if one takes into consideration a
transaction recently agreed with UBS Real Estate –, it becomes clear that
the company has already established itself as a serious player in the
German real estate office market. We are very proud of this success which
we aim to continue in the future.’
alstria intends to expand its portfolio significantly in the upcoming years
as part of its growth strategy. This is based on selective investments,
active asset and portfolio management as well as on establishing and
maintaining good relationships with clients and key decision makers. To
this end, the company targets selective investments with an annual
investment volume of Euro 500 to 750 million over the next three years.
alstria expects future acquisitions to originate mainly from privatizations
in the public sector, divestments in the corporate sector as well as
portfolio restructuring processes of institutional and private German-based
investors.
Olivier Elamine: ‘The IPO would provide us with additional funds to realize
our strategic goals and would allow us to take an important step towards
our overall goal of becoming a leading player in the office real estate
market in Germany. Furthermore, as a listed company we would enjoy greater
visibility, helping us extend our client and business partner base as well
as further raising our profile with investors and other industry
participants. The listing may also position alstria to be among the first
movers to take advantage of any implementation of REIT legislation in
Germany. Whilst no definitive REIT legislation exists today, we are closely
monitoring the situation in order to determine if a conversion would be
appropriate.’
alstria – focused business model as driver of successful growth
alstria was founded in January 2006 by a subsidiary of Captiva Capital
Partners 2 SCA, which is advised by NATIXIS Capital Partners Ltd. The
Company owns a diversified portfolio of high-quality properties across
various German office real estate markets, including Hamburg, Munich,
Stuttgart, Hanover and Dusseldorf. Its current portfolio comprises 63
properties with an aggregate lettable space of approximately 620,000 sqm
and is valued at Euro 1,380 million. If one takes into consideration an
acquisition recently agreed with UBS Real Estate Kapitalanlagegesellschaft
mbH, the portfolio would include 71 properties with an aggregate lettable
space of approximately 774,000 sqm and a total value of Euro 1,601 million.
The company’s largest tenants are currently the City of Hamburg,
DaimlerChrysler and Barmer.
As of today, alstria has hired 15 employees, including the members of the
Management Board.
In March 2007, Dr. Michael Börner-Kleindienst joined alstria as Chief
Operating Officer (COO) and member of the Management Board. Prior to
joining alstria, Michael Börner-Kleindienst was Managing Director of
Kommanditgesellschaft ECE Consulting GmbH & Co. and responsible for the
ECE-Group’s office, industrial, traffic and healthcare activities. Michael
Börner-Kleindienst will be heading a team of experienced asset and
acquisition managers, which alstria is looking to expand in the future.
Olivier Elamine: ‘alstria believes that to be successful in the German
office markets in the medium to long run, proactive asset management is a
key determinant. We are constantly in the process of identifying sources
for future organic growth in our portfolio and unlocking value.’
alstria’s Supervisory Board consists of six distinguished professionals who
collectively have great expertise in real estate as well as finance and
law. Chairman of the Supervisory Board is intended to be Alexander
Stuhlmann, former Chairman of the Management Board of HSH Nordbank AG. John
van Oost, Managing Partner at NATIXIS Capital Partners Ltd. and currently
still Chairman of alstria’s Supervisory Board is intended to become Deputy
Chairman. Other members include Dr. Christian Olearius, Spokesman of the
Partners and General Partner of M.M. Warburg & CO KGaA and Dr. Johannes
Conradi, Partner at Freshfields Bruckhaus Deringer; Richard Mully, Managing
Partner of Grove International Partners LLP, Non-Executive Director of
Spazio Industriale B.V. and Non-Executive Director of Hansteen Holdings PLC
as well as Daniel Quai, Partner at NATIXIS Capital Partners Ltd.
About alstria
Alstria Office AG (alstria) is a real estate company which is solely
focused on acquiring, owning and managing office real estate in Germany.
alstria was founded in January 2006 and its headquarters are based in
Hamburg.
alstria owns a diversified portfolio of properties across attractive German
office real estate markets. Its current portfolio comprises 63 real estate
properties with an aggregate lettable space of approximately 620,000 sqm
and a total value of Euro 1,380 million (if one takes into consideration an
acquisition recently agreed with UBS Real Estate Kapitalanlagegesellschaft
mbH, the portfolio would include 71 properties with an aggregate lettable
space of approximately 774,000 sqm and a total value of Euro 1,601
million).
alstria intends to expand its portfolio significantly in the upcoming years
as part of a sustainable growth strategy based on selective investments and
active asset and portfolio management as well as on establishing and
maintaining good relationships with its key customers and decision makers.
For further information, please see: www.alstria.de
Contact:
Utta Tuttlies
Phone: +49 – 40 – 22 63 41-340
E-Mail: ututtlies@alstria.de
HERING SCHUPPENER Consulting
Stefanie Erhardt
Phone: +49 – 69 – 92 18 74-71
E-Mail: serhardt@heringschuppener.com
Disclaimer
This press release constitutes neither an offer to sell nor a solicitation
of an offer to buy any securities. An offer will be made solely by means,
and on the basis, of a prospectus to be published prior to any offering of
securities of Alstria Office AG which will be published in the internet
under www.alstria.de following its approval and will be made available free
of charge at the office of Alstria Office AG and certain financial
institutions involved in such offering.
This press release and the information contained herein are not for
distribution in or into the United States of America and must not be
distributed to U.S. persons (as defined in Regulation S of the U.S.
Securities Act of 1933, as amended (‘Securities Act’)) or to publications
with a general circulation in the United States. This press release does
not constitute an offer or invitation to purchase any securities in the
United States. The Securities of Alstria Office AG have not been registered
under the Securities Act and may not be offered, sold or delivered within
the United States or to U.S. persons absent registration or an exemption
from the registration requirements of the Securities Act. There will be no
public offering of securities in the United States of America.
This document is directed only at persons (i) who are outside the United
Kingdom or (ii) who have professional experience in matters relation to
investments falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the ‘Order)
or (iii) who fall within Article 49(2) (a) to (d) (‘High net worth
companies, unincorporated associations etc.’) of the order (all such
persons together being referred to as ‘relevant persons’). Any person who
is not a relevant person must not act or reply on this communication or any
of its contents. Any investment or investment activity to which this
communication relates is available only to relevant persons and will be
engaged in only with relevant persons. This document is not directed at
private customers, as defined by the Financial Services Authority in the
UK, who should not rely on this communication.
DGAP 05.03.2007