alstria office REIT-AG

Regulatory Filings • Mar 5, 2007

News Details

Corporate | 5 March 2007 10:02

Alstria Office AG: alstria plans IPO before summer 2007

Alstria Office AG / IPO

Release of a Corporate-announcement, transmitted by DGAP – a company of

EquityStory AG.

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

———————————————————————-

Not for distribution in or into the United States, Canada, Japan or

Australia

alstria plans IPO before summer 2007

• Listing on the Regulated Market (Prime Standard) at the Frankfurt Stock

Exchange targeted

• Funds raised from capital increase would be used to finance future growth

Hamburg, 05 March 2007 – Alstria Office AG (alstria), a real estate company

solely focused on acquiring, owning and managing office real estate in

Germany, is planning an IPO before summer 2007 depending on capital market

conditions. The company aims to list on the Regulated Market (Prime

Standard) of the Frankfurt Stock Exchange. alstria intends to release

further details regarding its IPO plans at a later stage.

alstria intends to use funds raised from a capital increase contemplated as

part of the IPO to finance the company’s growth-oriented, value-adding

strategy that has been successfully implemented since the company was

established.

Olivier Elamine, CEO of alstria: ‘When looking at alstria’s track record

and the approximately Euro 1.4 bn real estate portfolio that has been

acquired – approximately 1.6 bn if one takes into consideration a

transaction recently agreed with UBS Real Estate –, it becomes clear that

the company has already established itself as a serious player in the

German real estate office market. We are very proud of this success which

we aim to continue in the future.’

alstria intends to expand its portfolio significantly in the upcoming years

as part of its growth strategy. This is based on selective investments,

active asset and portfolio management as well as on establishing and

maintaining good relationships with clients and key decision makers. To

this end, the company targets selective investments with an annual

investment volume of Euro 500 to 750 million over the next three years.

alstria expects future acquisitions to originate mainly from privatizations

in the public sector, divestments in the corporate sector as well as

portfolio restructuring processes of institutional and private German-based

investors.

Olivier Elamine: ‘The IPO would provide us with additional funds to realize

our strategic goals and would allow us to take an important step towards

our overall goal of becoming a leading player in the office real estate

market in Germany. Furthermore, as a listed company we would enjoy greater

visibility, helping us extend our client and business partner base as well

as further raising our profile with investors and other industry

participants. The listing may also position alstria to be among the first

movers to take advantage of any implementation of REIT legislation in

Germany. Whilst no definitive REIT legislation exists today, we are closely

monitoring the situation in order to determine if a conversion would be

appropriate.’

alstria – focused business model as driver of successful growth

alstria was founded in January 2006 by a subsidiary of Captiva Capital

Partners 2 SCA, which is advised by NATIXIS Capital Partners Ltd. The

Company owns a diversified portfolio of high-quality properties across

various German office real estate markets, including Hamburg, Munich,

Stuttgart, Hanover and Dusseldorf. Its current portfolio comprises 63

properties with an aggregate lettable space of approximately 620,000 sqm

and is valued at Euro 1,380 million. If one takes into consideration an

acquisition recently agreed with UBS Real Estate Kapitalanlagegesellschaft

mbH, the portfolio would include 71 properties with an aggregate lettable

space of approximately 774,000 sqm and a total value of Euro 1,601 million.

The company’s largest tenants are currently the City of Hamburg,

DaimlerChrysler and Barmer.

As of today, alstria has hired 15 employees, including the members of the

Management Board.

In March 2007, Dr. Michael Börner-Kleindienst joined alstria as Chief

Operating Officer (COO) and member of the Management Board. Prior to

joining alstria, Michael Börner-Kleindienst was Managing Director of

Kommanditgesellschaft ECE Consulting GmbH & Co. and responsible for the

ECE-Group’s office, industrial, traffic and healthcare activities. Michael

Börner-Kleindienst will be heading a team of experienced asset and

acquisition managers, which alstria is looking to expand in the future.

Olivier Elamine: ‘alstria believes that to be successful in the German

office markets in the medium to long run, proactive asset management is a

key determinant. We are constantly in the process of identifying sources

for future organic growth in our portfolio and unlocking value.’

alstria’s Supervisory Board consists of six distinguished professionals who

collectively have great expertise in real estate as well as finance and

law. Chairman of the Supervisory Board is intended to be Alexander

Stuhlmann, former Chairman of the Management Board of HSH Nordbank AG. John

van Oost, Managing Partner at NATIXIS Capital Partners Ltd. and currently

still Chairman of alstria’s Supervisory Board is intended to become Deputy

Chairman. Other members include Dr. Christian Olearius, Spokesman of the

Partners and General Partner of M.M. Warburg & CO KGaA and Dr. Johannes

Conradi, Partner at Freshfields Bruckhaus Deringer; Richard Mully, Managing

Partner of Grove International Partners LLP, Non-Executive Director of

Spazio Industriale B.V. and Non-Executive Director of Hansteen Holdings PLC

as well as Daniel Quai, Partner at NATIXIS Capital Partners Ltd.

About alstria

Alstria Office AG (alstria) is a real estate company which is solely

focused on acquiring, owning and managing office real estate in Germany.

alstria was founded in January 2006 and its headquarters are based in

Hamburg.

alstria owns a diversified portfolio of properties across attractive German

office real estate markets. Its current portfolio comprises 63 real estate

properties with an aggregate lettable space of approximately 620,000 sqm

and a total value of Euro 1,380 million (if one takes into consideration an

acquisition recently agreed with UBS Real Estate Kapitalanlagegesellschaft

mbH, the portfolio would include 71 properties with an aggregate lettable

space of approximately 774,000 sqm and a total value of Euro 1,601

million).

alstria intends to expand its portfolio significantly in the upcoming years

as part of a sustainable growth strategy 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.de

Contact:

Utta Tuttlies

Phone: +49 – 40 – 22 63 41-340

E-Mail: ututtlies@alstria.de

HERING SCHUPPENER Consulting

Stefanie Erhardt

Phone: +49 – 69 – 92 18 74-71

E-Mail: serhardt@heringschuppener.com

Disclaimer

This press release constitutes neither an offer to sell nor a solicitation

of an offer to buy any securities. An offer will be made solely by means,

and on the basis, of a prospectus to be published prior to any offering of

securities of Alstria Office AG which will be published in the internet

under www.alstria.de following its approval and will be made available free

of charge at the office of Alstria Office AG and certain financial

institutions involved in such offering.

This press release and the information contained herein are not for

distribution in or into the United States of America and must not be

distributed to U.S. persons (as defined in Regulation S of the U.S.

Securities Act of 1933, as amended (‘Securities Act’)) or to publications

with a general circulation in the United States. This press release does

not constitute an offer or invitation to purchase any securities in the

United States. The Securities of Alstria Office AG have not been registered

under the Securities Act and may not be offered, sold or delivered within

the United States or to U.S. persons absent registration or an exemption

from the registration requirements of the Securities Act. There will be no

public offering of securities in the United States of America.

This document is directed only at persons (i) who are outside the United

Kingdom or (ii) who have professional experience in matters relation to

investments falling within Article 19(5) of the Financial Services and

Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the ‘Order)

or (iii) who fall within Article 49(2) (a) to (d) (‘High net worth

companies, unincorporated associations etc.’) of the order (all such

persons together being referred to as ‘relevant persons’). Any person who

is not a relevant person must not act or reply on this communication or any

of its contents. Any investment or investment activity to which this

communication relates is available only to relevant persons and will be

engaged in only with relevant persons. This document is not directed at

private customers, as defined by the Financial Services Authority in the

UK, who should not rely on this communication.

DGAP 05.03.2007