alstria office REIT-AG

Regulatory Filings • Oct 6, 2008

News Details

Corporate | 6 October 2008 11:53

alstria office REIT-AG: alstria office REIT-AG executes this year’s largest office lease in Hamburg

alstria office REIT-AG / Miscellaneous

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

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alstria office REIT-AG executes this year’s largest office lease in Hamburg

Hamburg, October 6, 2008 – alstria office REIT-AG (symbol: AOX, ISIN:
DE000A0LD2U1), an internally managed Real Estate Investment Trust (REIT)
which is solely focused on acquiring, owning and managing office real
estate in Germany, announces the letting of more than 12,000 sqm to
Hamburger Hochbahn AG (HOCHBAHN) on a 20 year lease basis. With this new
lease signed, the vacancy rate of alstria’s portfolio goes down from 7.7 %
to 6.4 %.

The total area leased by alstria during the year 2008 amounts to more than
20,000 sqm, which represents one third of the existing vacancy at the
beginning of 2007.

The space at Steinstraße 5-7, which was vacated earlier this year by BKK
Mobil Oil, will be extensively reconstructed by alstria before it will be
handed over to the new tenant around April 2010. This building, which is
located near the main train station in an area highly demanded by tenants,
is now fully let, just a few months after being vacated.

The HOCHBAHN was established in 1911 and transports more than one million
passengers daily with its busses and underground railways. With over 4,400
employees HOCHBAHN is the second biggest local transport organisation in
Germany. Besides the local traffic activity the company also offers rail
and bus services all over Germany.

Grossmann and Berger, Hamburg’s leading real estate advisory firm, brokered
the transaction between alstria and Hamburger Hochbahn.

About alstria:

alstria office REIT-AG (alstria) is an internally managed Real Estate
Investment Trust (REIT) solely focused 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
based in Hamburg.

alstria owns a diversified portfolio of properties across attractive German
office real estate markets. Its current portfolio comprises 90 properties
with an aggregate lettable space of approximately 943,000 sqm and is valued
at approximately EUR 1.9 billion.

alstria intends to expand its portfolio significantly in the upcoming years
as part of a sustainable growth strategy. This strategy is based on
selective investments and active asset and portfolio management as well as
on establishing and maintaining good relationships with its key customers
and decision makers.

For further information, please see: www.alstria.com

Disclaimer

This release constitutes neither an offer to sell nor a solicitation of an
offer to buy any securities. The securities have already been sold.
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.

Media:
Simon Steiner
Phone: +49 - 40 - 226 341 340
Email: pr@alstria.de

Investor Relations:
Brigitte Büchner
Phone: +49 - 40 - 226 341 319
Email: ir@alstria.de

06.10.2008 Financial News transmitted by DGAP

Language: English
Issuer: alstria office REIT-AG
Fuhlentwiete 12
20355 Hamburg
Deutschland
Phone: +49 (0)40 226 341 300
Fax: +49 (0)40 226 341 310
E-mail: info@alstria.de
Internet: 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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