alstria office REIT-AG

Regulatory Filings • Apr 6, 2017

News Details

Corporate | 6 April 2017 17:40

alstria office REIT-AG: alstria opens ‘The Spot’, an innovative Fintech location in the centre of Frankfurt

DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous

06.04.2017 / 17:40

The issuer is solely responsible for the content of this announcement.

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PRESS RELEASE

**alstria opens ‘The Spot’, an innovative Fintech location in the centre of Frankfurt

– Leading incubator, Fintech start-ups, an investor and a well-known international M&A boutique are tenants in ‘The Spot’

– ‘Beehive’, the supplier of next generation co-working spaces supports new entrepreneurs by 24/7 access, affordable and fully automated workspaces**

Frankfurt, April 6, 2017 – alstria, the leading German office property operator, is launching a new Fintech innovation center ‘ The Spot ‘ in the heart of Frankfurt with the aim of promoting and enhancing the city’s leadership in Fintech. Tenants are a mix of young, technology-driven companies in the Fintech environment as well as more established players, which aim at providing an attractive mix of innovation and experience. The tenants mix is complemented by a next generation co-working space.

The 3,200 sqm building located in Mainzer Landstrasse 33, will be rebranded as ‘The Spot’ and entirely dedicated to Fintech. It is ideally located between the main central station and the central banking district. Start-ups will benefit from this location which offers both short way access for their clients, but also a vibrant life and atmosphere in the surroundings.

The main tenants in ‘The Spot’ are main incubator , the leading Fintech incubator of the Commerzbank Group, and start-up companies such as Ginmon and Billwerk , the fintech-investor Digital+Partners and the Frankfurt office of Clairfield , a leading international finance and M&A boutique.

‘The Spot’ will also host a new ‘ Beehive ‘ space. This is a 24/7, next generation, fully automated co-working space, which offers affordable and flexible office space. Co-working desks can be rented for as short as one day, and starting prices are at EUR 3.97/day [1] . Private offices are also available, for teams up to four people, and can be booked for as short as one week. ‘Beehive’ offers to its member access to its full network across the major German cities. ‘Beehive’ also provides several meeting rooms that can be used by the co-working community as well as all the other tenants in ‘The Spot’. ‘Beehive’ is supplemented by an online community (http://community.beehive.work/), which enables entrepreneurs to exchange ideas, to market their own company or to search for new talents. Online community-sponsor for Frankfurt is the main incubator.

‘We are strong believers in the synergies that can be built in an environment like ‘The Spot” says Olivier Elamine, CEO of alstria. ‘We are strong believers in the key importance of the creation of an eco-system that allows companies to share ideas and help unleash further innovation potential. The combination of a co-working space, a leading incubator and start-up companies will help doing just that’.

”The Spot’ is an ideal addition to Commerzbank’s already extensive Fintech commitment, which has been a platinum partner of the tech quarter in Frankfurt since 2016,’ says Christian Hoppe, founder and CEO of main incubator. ‘Here, we can better understand the trends and needs of the scene through a close exchange with the Fintech actors in the house and the co-working space’.

[1] EUR 3.97/day excluding VAT for a 12-month subscription to the BeeOpen offer. Terms and conditions on www.beehive.work

Contact:

Ralf Dibbern, IR/PR

Bäckerbreitergang 75

20355 Hamburg

Phone: +49 (0) 40 226 341 329

Email: rdibbern@alstria.de

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 108 buildings with a lettable area of 1.5 million sqm and a total portfolio value of EUR 3.0 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.

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06.04.2017 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.

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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:	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