- Pressemitteilung BoxID 68422
alstria office REIT-AG executes this year's largest office lease in Hamburg
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.
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.
alstria office REIT-AG
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
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