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PRESS RELEASE: alstria office REIT-AG: alstria confirms record year of leasing with another 16,200 sqm of new leases

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DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous
alstria office REIT-AG: alstria confirms record year of leasing with another
16,200 sqm of new leases

2019-09-26 / 17:40
The issuer is solely responsible for the content of this announcement.

*Press Release*

*alstria confirms record year of leasing with another 16,200 sqm of new
leases*

*- 13,300 sqm leased in Darmstadt*

*- 2,900 sqm leased in "Brick and Brain" project in Hamburg*

*Hamburg, September 26, 2019* - alstria office REIT-AG (symbol: AOX, ISIN:
DE000A0LD2U1) announces the signature of a new lease for around 13,300
square meters of office space in its asset in T-Online-Allee 1 (Darmstadt).
The lease will start in mid-2020. This announcement follows the signature of
a 29,100 square meter lease with Deutsche Telekom on the same asset in
November 2018. In total, 42,400 square meters (around 74% of the office
space) have been re-let in the building and will generate an annual rent of
EUR 6.4 million. The current lease for the building will terminate in
December 2019.

In Hamburg alstria signed a new lease for around 2,900 square meters of
office space in its "Brick and Brain" (Amsinckstr. 28) refurbishment
project. Through the investment in the asset the rent level will increase by
50% compared to the previous level, moving from EUR 10 to EUR 15 per square
meter. The new lease will start in the second quarter of 2020 and generates
a total rent of EUR 524,000 per annum.

"2019 continues to be a very strong year from a leasing perspective", says
Olivier Elamine, CEO of alstria. "We are still capitalizing on a very strong
letting market, as demonstrated by these two new leases".

The Darmstadt lease was brokered by JLL (Frankfurt), while the Hamburg lease
was brokered by Grossmann and Berger.

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

*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.

2019-09-26 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: 881033

End of News DGAP News Service

881033 2019-09-26



(END) Dow Jones Newswires

September 26, 2019 11:40 ET ( 15:40 GMT)
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