alstria office REIT-AG

Regulatory Filings • Dec 12, 2007

News Details

Ad-hoc | 12 December 2007 14:28

alstria office REIT-AG: agrees on the acquisition of a German office real estate portfolio

alstria office REIT-AG / Miscellaneous

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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alstria office REIT-AG agrees on the acquisition of a German office real
estate portfolio

Today, the Management Board of alstria office REIT-AG (alstria office), an
internally managed Real Estate Investment Trust (REIT) solely focused on
acquiring, owning and managing office real estate in Germany, signed a
purchase agreement with a leading German corporation for the acquisition of
a portfolio of 13 properties essentially used as office properties. Both
seller and alstria agreed not to disclose the name of the seller.

The assets will be acquired for an All-In cost of approximately EUR 111.3 m
(EUR 1,500 per sqm) and will generate a passing rent of approximately EUR
7.7 m per annum (average of EUR 9 per sqm per month). The closing of the
transaction is expected to occur in the course of 2008, and is still
subject to cartel office clearance. The transaction will be financed
through the existing credit facility.

The properties are located all across Germany. The total lettable area is
of approximately 74,500 sqm. The seller remains as a tenant in the
properties and will rent approximately 66 % of the space on five to ten
year leases; approximately 20.5 % is leased to third party tenants and the
remaining 13.5 % is vacant allowing additional upside potential through
active management.

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Information and Explaination of the Issuer to this News:

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.

Contact

Dr. Charlotte Brigitte Loos
Manager Public Relations & Investor Relations

Tel.: +49 – 40 – 226 341 329
Fax: +49 – 40 – 226 341 310
Email: pr@alstria.de

12.12.2007 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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