Corporate | 13 June 2013 17:35

alstria office REIT-AG: alstria leases 7,700 sqm in Düsseldorf

alstria office REIT-AG / Key word(s): Miscellaneous

13.06.2013 / 17:35

Press release

alstria leases 7,700 sqm in Düsseldorf

– State of North Rhine-Westphalia leases asset in Hans-Böckler-Strasse 36 on a long-term basis

– New lease crystallises internal growth potential

– New contract is one of the largest leases in Düsseldorf year to date

Hamburg, June 13, 2013 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT, announces the signing of a lease for its asset in Hans-Böckler-Strasse 36, Düsseldorf.

With the successful lease-up of the building located in Hans-Böckler-Strasse 36, Düsseldorf, alstria signed one of the largest new leasing contracts in Düsseldorf this year. The Company agreed on a long-term lease for the entire building with the State of North Rhine-Westphalia for the accommodation of a regional finance office (Finanzamt Düsseldorf-Nord). The lease will start in the first half of 2014.

alstria acquired the short-term leased asset in mid-2011 from the Dutch real estate company VastNed. The new long-term lease was signed 18 months after the former tenant ERGO Versicherung vacated the building.

The new leasing contract is a major success to alstria’s local team in Düsseldorf, which was established less than one year ago. The letting of the 7,700 sqm building (plus 119 parkings) reduces the vacancy in alstria’s Düsseldorf portfolio by approximately 40% in one shot and will contribute to the Company’s internal growth from 2014 onwards. The leasing success is based on the combination of a well located, high-quality building, alstria’s competitive pricing in the leasing market and the Company’s strong and proven asset management expertise.

‘With the State of North Rhine-Westphalia we are happy to welcome a new key-tenant to our portfolio and we are looking forward to a long-term partnership’, says Olivier Elamine, CEO of alstria. ‘This new lease is another testimony to alstria’s strong real estate operations and its ability to create value for both its tenants and shareholders’.

About alstria:
alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. The Company owns a diversified portfolio of properties across attractive German office real estate markets. As of March 31, 2013 the portfolio comprised 82 properties with an aggregate lettable space of 919,000 sqm and is valued at approximately EUR 1.6 bn. The alstria office REIT-AG strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key customers and decision makers. alstria focuses on long-term real estate value creation.

Contact:
Ralf Dibbern, IR/PR
Phone: +49 (0) 40 226 341 329
Email: rdibbern@alstria.de

More information on:
www.alstria.com
www.alstria.blogspot.com
www.twitter.com/alstria_REIT

Disclaimer:
This release constitutes neither an offer to sell nor a solicitation of an offer to buy any shares. As far as this press release contains forward-looking statements with respect to the business, financial condition and results of operations of alstria office REIT-AG (alstria), these statements are based on current expectations or beliefs of alstria’s management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment – especially in the core business segments and markets of alstria. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. alstria undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

End of Corporate News

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Language:	English
Company:	alstria office REIT-AG
	Bäckerbreitergang 75
	20355 Hamburg
	Germany
Phone:	040-226 341 300
Fax:	040-226 341 310
E-mail:	info@alstria.de
Internet:	http://www.alstria.de
ISIN:	DE000A0LD2U1
WKN:	A0LD2U
Indices:	SDAX, EPRA, German REIT Index
Listed:	Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, München, Stuttgart

End of News DGAP News-Service

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