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alstria office REIT-AG: Deutsche Office leases additional 4,300 sqm in the Kastor building (Frankfurt)
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alstria office REIT-AG: Deutsche Office leases additional 4,300 sqm in the
Kastor building (Frankfurt)
01.12.2016 / 17:35
The issuer is solely responsible for the content of this announcement.
alstria office REIT-AG: Deutsche Office leases additional 4,300 sqm in the
Kastor building (Frankfurt)
01.12.2016 / 17:35
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Press release
Deutsche Office leases additional 4,300 sqm in the Kastor building
(Frankfurt)
Hamburg, December 1, 2016 - DO Deutsche Office AG, a 90.9% subsidiary of
alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), announces the
signature of a new lease for its asset Platz der Einheit 1 (Kastor),
Frankfurt.
The new tenant will lease up approximately 4,300 sqm of office and
ancillary space. The five years lease will start on April 1, 2017 and
generate an annual rental income of EUR 1,140 k. Since the acquisition of
Deutsche Office by alstria in October 2015 a total of 13,700 sqm were let
in the building leading to a reduction of vacancy from 71% to 26%. The new
leases signed in the asset in 2016 will generate a total of approximately
EUR 4.0 million of additional annual income compared to the situation prior
to the takeover. The Kastor building is located in the city centre of
Frankfurt and is one of the landmark buildings in the portfolio of Deutsche
Office.
Deutsche Office was advised by alstria office REIT-AG (Frankfurt office) in
the leasing process.
The lease was brokered by Colliers International Frankfurt GmbH.
Contact:
Ralf Dibbern, IR/PR
Phone: +49 (0) 40 226 341 329
Email: rdibbern@alstria.de
More information on:
www.alstria.com
www.twitter.com/alstria_REIT
www.alstria.blogspot.com
www.beehive.work
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 combination of alstria and Deutsche Office creates the leading
listed German office real estate company with a combined portfolio of 114
office buildings comprising 1.6 million sqm of lettable space and
representing a total portfolio value of approximately EUR 3.0 billion (as
of September 30, 2016). 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.
---------------------------------------------------------------------------
01.12.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
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: MDAX, EPRA, German REIT Index
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Hamburg, Munich, Stuttgart,
Tradegate Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
525931 01.12.2016
Press release
Deutsche Office leases additional 4,300 sqm in the Kastor building
(Frankfurt)
Hamburg, December 1, 2016 - DO Deutsche Office AG, a 90.9% subsidiary of
alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), announces the
signature of a new lease for its asset Platz der Einheit 1 (Kastor),
Frankfurt.
The new tenant will lease up approximately 4,300 sqm of office and
ancillary space. The five years lease will start on April 1, 2017 and
generate an annual rental income of EUR 1,140 k. Since the acquisition of
Deutsche Office by alstria in October 2015 a total of 13,700 sqm were let
in the building leading to a reduction of vacancy from 71% to 26%. The new
leases signed in the asset in 2016 will generate a total of approximately
EUR 4.0 million of additional annual income compared to the situation prior
to the takeover. The Kastor building is located in the city centre of
Frankfurt and is one of the landmark buildings in the portfolio of Deutsche
Office.
Deutsche Office was advised by alstria office REIT-AG (Frankfurt office) in
the leasing process.
The lease was brokered by Colliers International Frankfurt GmbH.
Contact:
Ralf Dibbern, IR/PR
Phone: +49 (0) 40 226 341 329
Email: rdibbern@alstria.de
More information on:
www.alstria.com
www.twitter.com/alstria_REIT
www.alstria.blogspot.com
www.beehive.work
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 combination of alstria and Deutsche Office creates the leading
listed German office real estate company with a combined portfolio of 114
office buildings comprising 1.6 million sqm of lettable space and
representing a total portfolio value of approximately EUR 3.0 billion (as
of September 30, 2016). 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.
---------------------------------------------------------------------------
01.12.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
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: MDAX, EPRA, German REIT Index
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Hamburg, Munich, Stuttgart,
Tradegate Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
525931 01.12.2016
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