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alstria office REIT-AG
Regulatory Filings • Apr 30, 2018
31_rns_2018-04-30_bf41dfeb-45eb-4d69-9322-35c45931eb77.html
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Corporate | 30 April 2018 17:40
alstria office REIT-AG: alstria leases 3,300 sqm in its development asset ‘Momentum’
DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous
30.04.2018 / 17:40
The issuer is solely responsible for the content of this announcement.
Press release
alstria leases 3,300 sqm in its development asset “Momentum”
Hamburg, April 30, 2018 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1) announces the signature of two new leases in its development asset “Momentum” in Düsseldorf.
Over the past days alstria signed two new leasing contracts in its development project “Momentum” (Am Wehrhahn 33, Oststrasse 10, Düsseldorf). The first tenant will lease up approximately 1,900 sqm of office and ancillary space. The 10-year lease will start on March 1, 2019 and generates an annual rental income of EUR k 388. A second lease, which was brokered by BNP, comprises 1,400 sqm of office and ancillary space and was signed for a 5.5 year lease-term. This lease will start on October 1, 2018 with an annual rent of EUR k 286. Both leases represent a rental growth of around 70% compared to the lease prior to the refurbishment of the building.
With the signature of these new leases around 43% of the asset has now been leased since the start of the leasing process at the end of 2017.
The office building “Momentum” comprises a lettable area of 23,200 sqm and is located in the inner city of Düsseldorf. alstria acquired the building in 2012 and started the refurbishment of the asset in 2016.
Contact IR/PR:
Ralf Dibbern
Steinstrasse 7
20095 Hamburg
Phone: +49 (0) 40 226 341 329
Email: [email protected]
www.twitter.com/alstria_REIT
About alstria:
alstria office REIT AG is the leading real-estate operator focusing solely on German office property in selected German markets. Our strategy is based on the ownership and an active management of our properties throughout their entire life cycle, strong added-value services to our customers and deep knowledge of the markets in which we operate. alstria strives for sustainable long-term value creation while taking advantage of short-term arbitrage of inefficiencies in the real estate markets. The portfolio comprises 116 buildings with a lettable area of 1.6 million sqm and a total portfolio value of EUR 3.4 billion.
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.
30.04.2018 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 |
| Steinstraße 7 | |
| 20095 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, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxemburg, SIX, Wien |
| End of News | DGAP News Service |