Report Publication Announcement • May 27, 2013
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Corporate | 27 May 2013 18:21
alstria office REIT-AG: alstria wins the IPD Specialist Property Investment Award for Germany
alstria office REIT-AG / Key word(s): Miscellaneous
27.05.2013 / 18:21
Press release
alstria wins the IPD Specialist Property Investment Award for Germany
– The award recognises the outstanding operational capability of alstria
– alstria has delivered the highest total return relative to the German office benchmark annualised over 3 years to December 2012
Hamburg, May 27, 2013 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT, has been awarded at the IPD European Property Conference in Lisbon, the IPD Specialist Property Investment Award for Germany.
This award recognises the sustainable outperformance of alstria’s real estate operations over the last three years 2010-2012. Determined by IPD’s standardised performance measurement procedures, the awards recognise independently verified investment performance by pension and life funds, pooled funds, property investment companies and other professionally managed real estate portfolios across Europe.
BEST PERFORMING SPECIALIST PORTFOLIO
Portfolio: alstria office REIT-AG
Total return: 6.24%
Relative return: 2.72%
Source: IPD
‘The merit of this award goes fully to our real estate operations team’ says Olivier Elamine, CEO of alstria. ‘It is their hard work and dedication that has allowed the Company to outperform the benchmark by 2.72% in a sustainable manner in a difficult German office market. We are extremely proud of the award, as it reflects the sustainable long-term commitment that we have to operational excellence.’
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 Company owns a diversified portfolio of properties across attractive German office real estate markets. As of March 31, 2013 the portfolio comprised 82 properties with an aggregate lettable space of 919,000 sqm and is valued at approximately EUR 1.6 bn. 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.
Contact:
Ralf Dibbern, IR/PR
Phone: +49 (0) 40 226 341 329
Email: [email protected]
More information on:
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.
End of Corporate News
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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: | SDAX, EPRA, German REIT Index |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
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| 213338 27.05.2013 |
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