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DGAP-News: alstria office REIT-AG: alstria acquires an office building in Düsseldorf

ID: 1247475
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(businesspress24) - DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous
alstria office REIT-AG: alstria acquires an office building in

22.07.2013 / 17:32


Press release

alstria acquires an office building in Düsseldorf

- 8,200 sqm asset located in Immermannstrasse 40

- All-in cost of around EUR 16.8 m

- Asset generates around EUR 1.1 m of annual rent with an average lease
length of 2.8 years

Hamburg, July 22, 2013 - alstria office REIT-AG (symbol: AOX, ISIN:
DE000A0LD2U1), the leading German office REIT, announces the signature of a
binding notarised sale-and-purchase agreement for the acquisition of an
office building in Düsseldorf.

The asset, which is located in the heart of the city at Immermannstrasse
40, is also known as the Immermann Tower and develops 8,200 sqm of office
space. The asset is a multi-tenant building with the main tenants being
Peek&Cloppenburg and Allianz SE. It currently generates around EUR 1.1 m
of rent per annum and has a vacancy rate of around 12.5% (around 1,000

The acquisition is expected to close in the third quarter 2013 and will add
around EUR 1 m to alstria's FFO on a full year basis.

'With this new acquisition alstria is increasing its footprint in the
Düsseldorf market', says Olivier Elamine, CEO of alstria. 'Following
successful sales in non-core regions, we are redeploying our portfolio
where our operations have a strong presence and unique expertise.'

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

Ralf Dibbern, IR/PR
Phone: +49 (0) 40 226 341 329
Email: rdibbern(at)
More information on:

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 innational 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


22.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at and


Language: English
Company: alstria office REIT-AG
Bäckerbreitergang 75
20355 Hamburg
Phone: 040-226 341 300
Fax: 040-226 341 310
E-mail: info(at)
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
222358 22.07.2013

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Date: 07/22/2013 - 17:32
Language: English
News-ID 1247475
Character count: 0
Firma: alstria office REIT-AG
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