22.06.2016
alstria office REIT-AG DE000A0LD2U1
DGAP-News: Deutsche Office leases 3,500 sqm in the Kastor building (Frankfurt)
DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous
Deutsche Office leases 3,500 sqm in the Kastor building (Frankfurt)
22.06.2016 / 19:30
The issuer is solely responsible for the content of this announcement.
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Press release
Deutsche Office leases 3,500 sqm in the Kastor building (Frankfurt)
Hamburg, June 22, 2016 - Deutsche Office AG, (symbol:PMOX, ISIN:
DE000PRME020), announces the signature of a new lease for its asset in
Platz der Einheit 1 (Kastor), Frankfurt. Deutsche Office is a 90.9%
subsidiary of alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1).
The new tenant will lease up approximately 3,500 sqm of office and
ancillary space. The 10 year lease will start at the end of the first
quarter 2017 and generate an annual rental income of EUR 784 k. Since
the acquisition of Deutsche Office by alstria in October 2015 the vacancy
in the 30,600 sqm building was reduced from 71% to 41%. The Kastor building
is located in the city centre of Frankfurt and is one of the landmark
buildings in the portfolio of Deutsche Office.
"We are pleased to announce a new leasing success in our Kastor building"
says Alexander Dexne, CEO of Deutsche Office, "The leasing market we are
operating in remains fluid and we are benefitting from a continuing demand
for efficient office space."
Deutsche Office was advised by alstria office REIT-AG in the leasing
process.
Contact:
Ralf Dibbern, IR/PR
Phone: +49 (0) 40 226 341 329
Email: [email protected]
More information on:
www.alstria.com
www.alstria.blogspot.com
www.twitter.com/alstria_REIT
About Deutsche Office & 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 121
office buildings comprising 1.7 million sqm of lettable space and
representing a total portfolio value of approximately EUR 3.3 billion (as
of March 31, 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.
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22.06.2016 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
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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: [email protected]
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;
Terminbörse EUREX
End of News DGAP News Service
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473667 22.06.2016
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