- Long-term lease signed with
the German subsidiary of a major international industrial corporation
-
Rental income on the
property increased by almost 40%
Hamburg, July 12, 2012 – alstria office REIT-AG
(symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT, announces the
signing of a lease agreement with the German subsidiary of a major industrial
international corporation in Hamburg Norderstedt.
The asset which has been recently acquired by
alstria in May 2012 as part of the “Dive” transaction has had a total vacancy
rate at acquisition of 40%. The signing of this new lease allows the vacancy
rate on this asset to be cut down to 21%, and increase the total annual rental
income by almost 40% from EUR 590 k to EUR 827 k per annum.
The lease transaction
was brokered by BNP Paribas Real Estate GmbH (Hamburg). The new
lease is set to start in December 2012.
About alstria:
Ralf Dibbern, IR/PR
Phone: +49 (0) 40 / 226
341-329Email: rdibbern@alstria.de
More information on:
www.alstria.blogspot.com
www.twitter.com/alstria_REIT
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.
No comments:
Post a Comment