alstria office REIT-AG successfully executed capital increase

Not for release, publication or distribution in the United States, Australia, Canada or Japan -

·       Gross proceeds of EUR 60.9 m/ EUR 8.50 per share

·       Proceeds will be used to fund recent transaction

Hamburg, February 22, 2012 – Today alstria office REIT-AG (ISIN DE000A0LD2U1) successfully placed 7,170,362 ordinary bearer shares with qualified investors as part of an accelerated bookbuilding process. The company increased its nominal share capital from EUR 71,703,625 to EUR 78,873,987, having partially used its authorised capital and excluded the subscription rights of the shareholders.

The shares are priced at EUR 8.50 per share. The company will receive gross proceeds in the amount of approximately EUR 60.9 m. The funds raised through the capital increase – after deduction of fees and expenses in connection with the issuance – will be used to finance the equity portion of the transaction announced on February 21, 2012.

"We would like to thank our shareholders for their trust and their confidence in the business prospect of the company", said Olivier Elamine, CEO of alstria office REIT-AG. "The market offers an increasing number of attractive acquisition opportunities and alstria is in an excellent position to seize them".

The new shares will be admitted to trading without a prospectus on the Regulated Market segment of the Frankfurt Stock Exchange and the sub-segment of the Regulated Market with further post-admission obligations of the Frankfurt Stock Exchange (Prime Standard) and will carry full dividend rights for the year 2011.

Settlement for issuance of the new shares is anticipated to take place on Monday, February 27, 2012.

The transaction is managed by Morgan Stanley Bank AG as Sole Bookrunner and Commerzbank as Co-Bookrunner.

About alstria:

alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. The Company owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 80 properties with an aggregate lettable space of approx. 862,000 sqm and is valued at approximately EUR 1.5 bn. The alstria office REIT-AG strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key customers and decision makers. alstria focuses on long-term real estate value creation.

For further information, please contact:

Ralf Dibbern, IR/PR

Phone: +49 (0) 40 / 226 341-329
Email: rdibbern@alstria.de

More information on:

www.alstria.com
www.alstria.blogspot.com
www.twitter.com/alstria_REIT

Disclaimer:
This press release is for information only and does not constitute an offer to sell, purchase, exchange or transfer any securities or a solicitation of any such offer in the United States or any other jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act') and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. Neither alstria office REIT-AG (“alstria”) nor any other participant in the transactions described herein intends to register any securities under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with the proposals described in this announcement. The shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by alstria, Morgan Stanley Bank AG, Commerzbank AG or any of their respective affiliates that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. In member states of the European Economic Area ('EEA'), this announcement and any offer if made subsequently is directed only at persons who are 'qualified investors' within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) ('Qualified Investors'). Any person in the EEA who acquires the securities in any offer (an 'investor') or to whom any offer of the securities is made will be deemed to have represented and agreed that it is a Qualified Investor. Any investor will also be deemed to have represented and agreed that any securities acquired by it in the offer have not been acquired on behalf of persons in the EEA other than Qualified Investors or persons in the UK and other member states(where equivalent legislation exists) for whom the investor has authority to make decisions on a wholly discretionary basis, nor have the securities been acquired with a view to their offer or resale in the EEA to persons where this would resulting a requirement for publication by alstria, Morgan Stanley Bank AG or Commerzbank AG of a prospectus pursuant to Article 3 of the Prospectus Directive.

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, 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.

Annual Result 2011

-        Financial result 2011 in line with guidance: Revenues of EUR 90.8 m (+1.9%) and funds from operations (FFO) at EUR 34.7 m (+25.9%)
-        Strong balance sheet ratios: G-REIT equity ratio at 48.7% and net LTV at 50.2%
-        Guidance for 2012: Solid growth due to accretive acquisitions

Hamburg, February 21, 2012 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT, announces its result for the financial year 2011.

Revenues of EUR 90.8 m and FFO of EUR 34.7 m in line with full-year

guidance

In the  financial year 2011, alstria generated revenues of EUR 90.8 m. The increase of 1.9% year on year was mainly attributable to the acquisition of real estate assets in the course of the year. Funds from operations for the same period amounted to EUR 34.7 m and were slightly higher than the 2011 guidance of EUR 34 m. The substantial increase of alstria’s FFO margin from 30.9% (FY 2010) to 38.2% (FY 2011) was driven by accretive acquisitions and the deleveraging process of the Company. alstria’s operating success is also shown by the FFO per share, which increased by 7% to EUR 0.48 compared with EUR 0.45 in the same period last year. Considering the increase in the number of shares following the capital increase executed in March 2011, the increase in FFO per share is testimony to alstria’s ability to raise capital and invest it in an accretive manner for all its shareholders.

The net loss from fair value adjustments on financial derivatives was EUR -3.2 m and improved substantially compared with the prior year period (EUR -35.7 m). alstria’s net profit for the year 2011 therefore was EUR 27.4 m compared with EUR 0.2 m in 2010.

As a result of the annual valuation process, the portfolio value decreased by EUR 16.7 m (2010: EUR -12.8 m) to EUR 1.53 bn. The negative valuation impact is mainly due to the increase in transfer tax in some German states (EUR -7.5 m) as well as to the devaluation of a specific number of short-dated assets. The negative valuation result was almost compensated by a positive result from joint ventures amounting to EUR 13.1 m (2010: EUR 12.1 m), mainly related to the successful disposal of the prime development project ‘Alte Post’.

Strongest balance sheet in alstria’s history

In the course of 2011, alstria was able to further strenghten its balance sheet. The average debt maturity as per December 31, 2011 was 3.8 years, while cost of debt remained stable at around 4.3%. The Company’s net LTV at the reporting date was 50.2%. alstria has no refinancing needs until mid-2014.

alstria’s equity increased by 10.9% to EUR 768.2 m as per year-end 2011, mainly as a result of the successful capital increase in March 2011. The number of shares outstanding grew by 16% to 71.7 m shares as per December 31, 2011. The EPRA NAV per share amounted to EUR 11.32 vs. EUR 11.68 (FY 2010). alstria’s G-REIT equity ratio was 48.7% as per year-end.

Acquisitions of EUR 169 m of assets offer opportunities

In 2011, alstria took advantage of market opportunities and acquired assets worth EUR 169 m. Some of the assets have a value-add profile and offer substantial value creation potential through refurbishment and letting measures.

As of December 31, 2011, alstria’s investment property totalled EUR 1.53 bn. The increase by approximately 13% compared to December 31, 2010 was driven by the acquisition of ten properties in the course of the year. The valuation reflects an overall valuation yield of 6.5%[1].

Successful leasing activities

In 2011, alstria achieved the best letting result in its history. A total of 30,000 sqm of new leases and an extension of existing leases of 20,000 sqm were signed throughout the year. The contractual vacancy rate in the portfolio as per year-end 2011 was 8.6% and therefore increased by 1.0pp compared to December 31, 2010. The increase is mainly attributable to the acquisition of assets characterised by a higher vacancy.

Dividend

The Company will propose to the next AGM a dividend payment of EUR 0.44 per share.

Outlook

Based on its current portfolio and the contractually agreed rent, alstria currently expects revenues of EUR 95 m and funds from operations (FFO) of EUR 37 m for the financial year 2012.

Invitation to the conference call on February 21, 2012
The alstria management board, CEO Olivier Elamine and CFO Alexander Dexne, will host a conference call on February 21, 2012 at 6:30 pm (CET). Presentation slides and webcast will be available on alstria’s website www.alstria.com.

 Please use the following dial-in numbers:

Germany:     + 49 (0) 6103 485 3001

UK:              + 44 – 207 153 2027

alstria’s financial report 2011, including full IFRS notes and disclosures will be published on March 30, 2012.

About alstria:

alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. The Company owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 80 properties with an aggregate lettable space of approx. 862,000 sqm and is valued at approximately EUR 1.5 bn. The alstria office REIT-AG strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key customers and decision makers. alstria focuses on long-term real estate value creation.

For further information, please contact:

Ralf Dibbern, IR/PR

Phone: +49 (0) 40 / 226 341-329

Email: rdibbern@alstria.de

More information on:

www.alstria.com

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.

 

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[1] Defined as contractual rent in relation to open market value

Successful financing of recent acquisitions

• alstria strengthens proven track record of access to debt financing in a difficult environment
• Gross cash inflow of EUR 56 million increases financing flexibility
• 7-year term of the new loan improves maturity profile of alstria’s liabilites

Hamburg, December 19, 2011 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT, announces the financing of its recent acquisitions.

Targeted financial structure successfully implemented

Taking advantage of its strong market position, alstria invested approximately EUR 172 million in value-enhancing acquisitions of German offices over the past 12 months. The investments were mainly financed using the available cash raised through the recent capital increase. As part of its deleveraging strategy it was alstria’s target to lever the new acquisitions at around 40% LTV. This new loan allows the company to achieve this target, while providing a gross EUR 56 million of cash inflow, which will improve the company’s financial flexibility.

Attractive terms and improvement of maturity profile

The bullet loan provided by Berlin Hyp und Landesbank Berlin has a term of 7 years, thus improving alstria’s average maturity of liabilities from 3.6 to 3.8 years. The new interest rate exposure is fully hedged with a 3% interest rate cap.

"Our ability to finance a value-add portfolio at a time of severe restrictions in property lending is not only a testimony to the strength of our balance sheet, but also to the trust of the lenders in alstria’s asset-management capability," said Olivier Elamine, CEO of alstria. "This new inflow of EUR 56 million will increase our financing flexibility and allow us to rapidly respond to opportunities that might rise in the market”, added alstria’s CFO Alexander Dexne.

Portfolio data as of Jan 1, 2012

About alstria:

alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. The Company owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 79 properties with an aggregate lettable space of approx. 861,000 sqm and is valued at approximately EUR 1.5 bn. The alstria office REIT-AG strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key customers and decision makers. alstria focuses on long-term real estate value creation.

For further information, please contact:
Ralf Dibbern, IR/PR
Phone: +49 (0) 40 / 226 341-329
Email: rdibbern@alstria.de

More information on:

www.alstria.com

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.

Deleveraging and acquisitions drive FFO growth

First nine months 2011

-        Revenues at EUR 66.6 million (-1.1%) and funds from operations at EUR 25.6 million (+18.7%)

-        EPRA-NAV per share at EUR 11.24

-        Acquired assets transferred to alstria’s balance sheet

Hamburg, November 7, 2011 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT, releases its financial results for the first nine months of 2011.

Revenues of EUR 66.6 million (-1.1%) and FFO of EUR 25.6 million (+18.7%) in line with guidance

 In the first nine months of 2011 alstria’s revenues decreased slightly by 1.1% year-on-year to EUR 66.6 million. Despite declining revenues, funds from operations improved strongly by 18.7% to EUR 25.6 million in the first nine months of 2011, reflecting the improved capital structure of the Company and the recent acquisitions closed in the course of 2011. The improvement of the FFO is also true on a per share basis, where the FFO increased by 1 cent/share from EUR 0.35/share to EUR 0.36/share. This increase of FFO/share is testimony to the ability of alstria to raise capital and invest it in an accretive manner for the benefit of all its shareholders. alstria’s net result for the first nine months of 2011 amounted to EUR 27.6 million and compares with a loss of EUR -11.5 million in the prior year period.

 Strong balance sheet – Equity up by 10.9%

As of September 30, 2011, alstria’s investment property totalled EUR 1.5 billion and increased by 14.0% compared to year-end of 2010. This reflects the inclusion of ten assets, acquired in the course of 2010/2011. As of September 30, 2011, alstria’s equity amounted to EUR 767.6 million (+10.9%). The increase of EUR 75.2 million compared to the end of 2010 is mainly resulting from the capital increase in March 2011, but also reflects the dividend payment to shareholders of EUR 31.5 million in June 2011 and the positive operating cashflow in the first nine months of 2011. alstria’s G-REIT equity ratio amounted to 48.7% as per end of September 2011, the company’s net LTV at the reporting date was 51.7%.

New leases of 28,000 sqm

In the first nine months of the year the Company has signed new lease agreements[1] of 28,000 sqm, or around 47% of the vacancy of the portfolio at the beginning of the year, representing the strongest leasing result in alstria’s history. The total physical vacancy rate in the portfolio as of September 30, 2011 stood at 8.5% or 73,500 sqm. The increase compared to June 30, 2011 reflects the consolidation of the acquired assets in Düsseldorf and Frankfurt. The EPRA vacancy rate (excluding vacancy related to development projects) increased for the same reason to 6.4% or 55,300 sqm as of September 30, 2011.

 “For the first nine months of 2011 alstria reports a very strong development in all its KPI’s”, said Olivier Elamine, CEO of alstria. “With our early refinancing in 2010, the rapid execution of two capital increases and the accretive investment of the proceeds the company is in an excellent position to sail through the stormy weather that will come up in the next months, and is ideally positioned to seize opportunities”.

Outlook

alstria confirms its forecast for the 2011 financial year: annual revenues of EUR 89 million and EUR 34 million in FFO.

 Key financials at a glance

Invitation to the conference call on November 7, 2011

The alstria management board, CEO Olivier Elamine and CFO Alexander Dexne, will present the results of the first nine months 2011 during a conference call on November 7, 2011 at 10.00 am (CET) – conference call for analysts and journalists.

Please use the following dial-in numbers:
Germany:     + 49 (0) 6103 485 3002
UK:              + 44 – 207 – 153 2027

 Please note that you can watch the presentation of Olivier Elamine and Alexander Dexne live as a webcast on our website www.alstria.com. As soon as the conference call begins, the presentation and the 9M report will be also available to download.

About alstria:

alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. The Company owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 80 properties with an aggregate lettable space of approx. 864,000 sqm and is valued at approximately EUR 1.5 bn. The alstria office REIT-AG strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key customers and decision makers. alstria focuses on long-term real estate value creation.

For further information, please contact:
Ralf Dibbern, IR/PR
Phone: +49 (0) 40 / 226 341-329
Email: rdibbern@alstria.de

More information on:

www.alstria.de
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.

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¹ Only includes new leases signed and disregards any lease renewals

² 9M 2011 based on 71.7 million shares and 9M 2010 based on 61.6 million shares

Marianne Voigt joins alstria’s supervisory board

·        Appointment of Mrs. Marianne Voigt is the first step in order to strengthen the independency of alstria’s supervisory board

Hamburg, November 04, 2011 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT focused solely on acquiring, owning and managing office real estate in Germany, is pleased to announce the appointment of Mrs. Marianne Voigt to its supervisory board.

The appointment of Mrs Voigt is alstria’s first step in order to adjust the composition of its supervisory board to the new shareholder structure and reflect the increased free float of the shareholder structure.

 Mrs. Voigt is a founder and managing director of bettermarks GmbH, an innovative online maths tutor. Prior to that she was for nine years the CFO/COO of Immobilienscout 24, an internet portal and the leading real estate market in Germany. Mrs. Voigt studied management at the WHU Koblenz.

“We are very pleased that Mrs Voigt is joining alstria’s supervisory board. She is bringing with her significant experience in the field of hands on management of young and growing companies, which ideally complement our current Supervisory Board members”, said Alexander Stuhlmann, Chairman of alstria’s supervisory board.

 About alstria:

alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. The Company owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 80 properties with an aggregate lettable space of approx. 864,000 sqm and is valued at approximately EUR 1.5 bn. alstria office REIT-AG’s strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key customers and decision makers. alstria focuses on long-term real estate value creation.

 For further information, please contact:

Ralf Dibbern, IR/PR

Phone: +49 (0) 40 / 226 341-329
Email: rdibbern@alstria.de

www.alstria.de

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.

Sale of the prime Alte Post development

Oststeinbeck, October 31, 2011 – alstria VII. Hamburgische Grundbesitz GmbH & Co. KG, a 50/50 joint venture between alstria office REIT-AG, Stenham Property Ltd and Quantum Immobilien AG agreed on the sale of its property “Alte Post” for a total consideration of more than EUR 110 m. The property is leased to prime tenants including Abercrombie & Fitch, Tommy Hilfiger, Adidas and the international law firm Graf von Westphalen the rental income for the 9,200 sqm building is EUR 5.3 million per annum.

The Alte Post building is one of the best-known buildings in the Hanseatic City of Hamburg. It is located at the corner of Poststrasse and Grosse Bleichen (Poststrasse 11), and was built between 1845 and 1847 on the basis of plans by the artist and architect Alexis de Chateauneuf. While restoring the historical façade, the inner structure of the building was completely rebuild over the past two years and converted into high-end office and retail space.

The closing of the transaction is subject to customary condition precedents for this kind of transaction, and is expected to close in the second quarter of 2012.

In 2008 Quantum Immobilien AG, Stenham Property Ltd and alstria office REIT-AG entered into a joint venture for the refurbishment of the Alte Post building in Hamburg.  

About alstria VII Hamburgische Grundbesitz GmbH & Co. KG

alstria VII. Hamburgische Grundbesitz GmbH & Co. KG is a joint venture between alstria office REIT-AG on the one hand, and Quantum Immobilien AG and Stenham on the other hand, based in Oststeinbeck. The company’s only asset is the Alte Post building in Hamburg which was acquired in 2006.  

About Quantum Immobilien AG

Hamburg-based Quantum Immobilien AG was founded by Frank Gerhard Schmidt and Philipp Schmitz-Morkramer in 1999. It is an independent real estate group combining wide-ranging expertise in the areas of project development, institutional investment products and the management of real estate investments. The group’s activities focus on metropolitan areas in Germany.

In its fund operations Quantum Immobilien AG offers investors various special real estate funds via its capital investment company as well as alternative investment products that do not fall under the German Investment Act (Investmentgesetz). From the end of 2005 until today assets under management have increased to around 1.7 billion Euros. The Project Development division covers the realization of the group’s own real estate projects and joint ventures within the framework of entrepreneurial investments. To date development projects with floor space in excess of 800,000 sqm and total investment costs of around 1.9 billion Euro have been implemented.

About alstria

alstria office REIT-AG is the leading German Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. alstria office REIT-AG owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 80 properties with an aggregate lettable space of approx. 864,000 sqm. The alstria office REIT-AG strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key customers and decision makers. alstria focuses on long-term real estate value creation.

For further information, please see:

www.alstria.com

alstria.blogspot.com
www.twitter.com/alstria_REIT

Contact Quantum Immobilien AG:

Judith Elmendorf
Phone: +49 - 40 41 43 30-512
Email: je@quantum.ag

Contact alstria office REIT-AG:

Ralf Dibbern
IR/PR
Phone: +49 - 40 - 226 341-329
Email: ir@alstria.de

Disclaimer:

This release constitutes neither an offer to sell nor a solicitation of an offer to buy any securities. The securities have already been sold. 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.