Alstria office REIT-AG: alstria leases 4,400 sqm in Düsseldorf

Press release

alstria leases 4,400 sqm in Düsseldorf

Hamburg, May 8, 2018 - alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1) announces the signature of a new lease for its asset in Elisabethstrasse 5-11 in Düsseldorf.

Following the termination of an existing lease in the property alstria has signed a new long-term lease for a total of 4,400 sqm. The tenant, who is expanding in the property has taken up 1,900 sqm in addition to the 2,500 sqm he occupied before. The new lease will start on June 1, 2018 and will generate an annual rental income of EUR k 1,068. With this lease the asset is now fully let. The new income represents a 14% increase compared to prior leases and closes the under-rent gap in the property.

The asset Elisabethstrasse 5-11 is located in the inner city of Düsseldorf, has a lettable area of 10,800 sqm and was acquired by alstria in September 2015.

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

More information on:
www.alstria.com
www.twitter.com/alstria_REIT
www.alstria.blogspot.com 
www.beehive.work

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 1.6 million sqm and a total portfolio value of EUR 3.4 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.