Alstria office REIT-AG: alstria sells non-core assets for EUR 44.3 million

Press release

alstria sells non-core assets for EUR 44.3 million

Hamburg, September 13, 2017 - alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), has sold three non-core properties in two transactions.

Last week alstria successfully sold three non-core assets for a total consideration of around EUR 44.3 million. The disposed assets with a combined annual rental income of EUR 3.6 million were sold at a book gain of 3.5% to the most recent appraised value.

The assets disposed include two logistic assets from the former Deutsche Office portfolio (Carl-Benz-Str. 15, Ludwigsburg and Vichystr. 7-9, Bruchsal) as well as an office asset in Detmold. The transfer of benefits and burden is expected to take place in the fourth quarter of 2017.

"We are continuing to streamline the portfolio acquired with the Deutsche Office transaction, selling non-core assets in a strong investment market", says Olivier Elamine, CEO of alstria. "Over the last 18 months we have substantially reduced the number of non-core, non-office assets in the portfolio and reinvested the proceeds into office properties located in our main markets".

alstria was advised by BNP Paribas Real Estate and Hogan Lovells International LLP on the disposal of the logistic assets. The disposal of the office asset was advised by IMMORAUM GmbH and trûon Rechtsanwälte LLP.

Contact:
Ralf Dibbern, IR/PR
Bäckerbreitergang 75
20355 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 119 buildings with a lettable area of 1.6 million sqm and a total portfolio value of EUR 3.2 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.