Corporate | 26 November 2013 17:34

alstria office REIT-AG: alstria leases 2,000 sqm in Hamburg

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

26.11.2013 / 17:34

Press release

alstria leases 2,000 sqm in Hamburg

– Global advertising agency leases around 2,000 sqm in alstria’s Holstenhof (Kaiser-Wilhelm-Strasse 79-87)

– Historical building in the inner city of Hamburg is undergoing a full refurbishment

Hamburg, November 26, 2013 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT, announces the signing of a lease for one of its development assets located in the inner city of Hamburg.

With the new leasing success in its Holstenhof asset (Kaiser-Wilhelm-Strasse 79-87, Hamburg) alstria continues its progress in the development segment. The new tenant, a leading advertising agency, signed a 5-year lease for approximately one third of the available space. The lease will start on July 1, 2014. After the entire lease-up, the building will generate an annual rental income of EUR 1.1 m.

alstria acquired the 5,500 sqm asset in 2006 from the City of Hamburg with an annual rental income of EUR 500 k. After the relocation of the former tenant into another building of alstria’s portfolio the Company initiated a complete refurbishment, which substantially improves the quality and attractiveness of the asset, while safeguarding its historical nature. The building will be certified by the ‘BREEAM International Green Building Standard’.

‘The tenant demand for optimised office space remains high’, says Olivier Elamine, CEO of alstria. ‘Through the refurbishment process of the Holstenhof we are giving this historical asset a new life. This is exactly alstria’s strength: To turn around undermanaged assets by hard work and generate value for our tenants, shareholders and the cities in which we invest’.

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

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 September 30, 2013 the portfolio comprised 79 properties with an aggregate lettable space of 911,800 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.

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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