08.07.2016
alstria office REIT-AG DE000A0LD2U1
DGAP-Adhoc: alstria office REIT-AG: Deutsche Office sells building 'An den Treptowers 3' in Berlin
alstria office REIT-AG / Key word(s): Disposal
08.07.2016 20:05
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Deutsche Office sells building 'An den Treptowers 3' in Berlin
Hamburg, July 8, 2016 - alstria office REIT-AG, (symbol: AOX, ISIN:
DE000A0LD2U1), announces that DO Deutsche Office AG has signed a binding
and notarised agreement on the disposal of 100% of the shares of the
company holding the asset 'An den Treptowers 3' in Berlin. Deutsche Office
is a 90.9% subsidiary of alstria office REIT-AG.
The c. 90,000 sqm asset is located in Berlin's submarket Mediaspree and is
currently fully let to Allianz. Allianz has announced to vacate the
building at the end of its current lease in mid-2019. The building
generates an annual rental income of EUR 13.9 million and was sold for a
total consideration of EUR 230 million.
The sale of 'An den Treptowers 3' will allow alstria to reduce its net LTV
down to 44.9% from 49.0%. Due to a successful leasing business in the
course of 2016 alstria confirms its financial guidance for FY 2016:
Revenues of EUR 200 million and FFO of EUR 115 million.
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 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.
08.07.2016 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 Announcement DGAP News-Service
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