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PRESS RELEASE: alstria office REIT-AG: alstria adds two new leases comprising 4,400 sqm in Hamburg and Stuttgart

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DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous
alstria office REIT-AG: alstria adds two new leases comprising 4,400 sqm in
Hamburg and Stuttgart

2019-10-21 / 17:40
The issuer is solely responsible for the content of this announcement.

*Press Release*

*alstria adds two new leases comprising 4,400 sqm in Hamburg and Stuttgart*

*Hamburg, October 21, 2019* - alstria office REIT-AG (symbol: AOX, ISIN:
DE000A0LD2U1) announces the signature of two new leases in Hamburg and
Stuttgart.

alstria has signed a new lease for its development asset in Amsinckstr. 28
(Hamburg). The new tenant will lease up approximately 2,700 square meters of
office and ancillary space for a lease-term of 10 years and generates an
annual rental income of EUR 529,200. With this new lease, the building is
80% let. Compared to the situation prior to the refurbishment, alstria
managed to increase the rent per square meter by around 60% from EUR 9.70 to
EUR 15.20. The refurbishment project involves an investment of around EUR
1,100 per square meter generating an incremental yield on capex of
approximately 6.0%.

In Stuttgart alstria has signed a new lease for its asset in Epplestr. 225
comprising 1,700 square meters of office and ancillary space. The 5-year
lease will start in the second half of 2020 and generates an annual rental
income of EUR 370,000. With this new lease alstria re-let around 90% of the
13,000 square meters that have been vacated by Daimler AG in December 2018.

The leasing contract in Hamburg was brokered by Cushman & Wakefield LLP, the
lease in Stuttgart was brokered by Immobilien Schmidt GmbH.

*Contact IR/PR:*
Ralf Dibbern
Steinstr. 7
20095 Hamburg
+49 (0) 40 226 341 329
rdibbern@alstria.de

*Further information:*
www.alstria.com [1]
www.beehive.work [2]
twitter.com/alstria_REIT [3]
linkedin.com/company/alstria-office-reit-ag [4]

*About alstria: *
alstria office REIT AG is the leading real-estate operator focusing solely
on German office property in selected German markets. Our strategy is based
on the ownership and an active management of our properties throughout their
entire life cycle, strong added-value services to our customers and deep
knowledge of the markets in which we operate. alstria strives for
sustainable long-term value creation while taking advantage of short-term
arbitrage of inefficiencies in the real estate markets. The portfolio
comprises 116 buildings with a lettable area of 1.5 million square meters
and a total portfolio value of EUR 4.2 billion.

*Disclaimer:*
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 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.

2019-10-21 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: alstria office REIT-AG
Steinstraße 7
20095 Hamburg
Germany
Phone: 040-226 341 300
Fax: 040-226 341 310
E-mail: info@alstria.de
Internet: http://www.alstria.de
ISIN: DE000A0LD2U1
WKN: A0LD2U
Indices: MDAX, EPRA, German REIT Index
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock
Exchange, SIX, Vienna Stock Exchange
EQS News ID: 893563

End of News DGAP News Service

893563 2019-10-21


1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=50c98ad3237bffe9f2f7a061a16565f6&application_id=893563&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=15fc39321279d9edd194921aad5a3734&application_id=893563&site_id=vwd&application_name=news
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3efa69c89c73d9ed8f881de13cc9426a&application_id=893563&site_id=vwd&application_name=news
4: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=5e5b2b7d799e0b833ede33ed8c523bf2&application_id=893563&site_id=vwd&application_name=news


(END) Dow Jones Newswires

October 21, 2019 11:40 ET ( 15:40 GMT)
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