DGAP-News

alstria office REIT-AG: HIH buys Office Property for Warburg-Henderson from alstria

DGAP-News: alstria office REIT-AG / Key word(s): Real Estate
alstria office REIT-AG: HIH buys Office Property for Warburg-Henderson
from alstria

23.10.2014 / 17:35

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Press release

HIH buys Office Property for Warburg-Henderson from alstria

- alstria sells office building "Englische Planke 2" in Hamburg

Hamburg, October 23, 2014 - alstria office REIT-AG (symbol: AOX, ISIN:
DE000A0LD2U1), Germany's leading office REIT, announces the sale of its
asset "Englische Planke 2", a 4,600 sqm office building in Hamburg. HIH
Hamburgische Immobilien Handlung is buying the property within the
framework of its mandate as exclusive asset and transaction manager of
Warburg-Henderson Kapitalanlagegesellschaft für Immobilien mbH, which has
earmarked the building for its property special fund "Immobilien-Fonds
Norddeutscher Versorgungs-werke". The fund invests solely in Northern
Germany.

The property was sold for a total consideration of EUR 15.5 million.
alstria acquired the building, which was raised in 2002, in early 2011 as
part of a EUR 20 million portfolio transaction. During alstria's ownership,
the vacancy rate of the multi-tenant building was substantially reduced.
Today the asset generates an annual rent of EUR 912k.

The transaction is expected to close in the fourth quarter of 2014 and was
brokered by Angermann GmbH.

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 30 June 2014, the
portfolio comprised 74 properties with an aggregate lettable space of
881,300 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.

About HIH Hamburgische Immobilien Handlung:
For decades, HIH Hamburgische Immobilien Handlung GmbH (HIH) has pooled the
property-related investment and service activities for the Warburg Group.
M.M. Warburg & CO was founded in Hamburg in 1798, and is one of Germany's
major independent private banks. HIH has developed and created
international investment products for institutional and private investors