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PRESS RELEASE: alstria office REIT-AG: alstria leases 5,400 sqm to the City of Hanover

DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous alstria office REIT-AG: alstria leases 5,400 sqm to the City of Hanover

08.01.2014 / 17:35

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Press release

alstria leases 5,400 sqm to the City of Hanover

Hamburg, January 8, 2014 - alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT, announces the signing of a long-term lease agreement for its asset in Arndtstrae 1, Hanover.

Following the signature of this new lease the asset, which is undergoing a full-scale refurbishment, is now substantially pre-let on a long-term basis to the City of Hanover. The new lease will start in the second half of this year and allows alstria to further take advantage from the positive dynamics in the German leasing market.

The transaction was brokered by Engel & Vlkers Commercial GmbH Hannover.

'We are very satisfied to start the year with this new lease', says Olivier Elamine, CEO of alstria. 'In the past twelve months alstria has leased-up around 12,500 sqm of newly refurbished office space, which will lead to an additional annual rent of EUR 1.8 m and support our organic growth.'

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PRESS RELEASE: alstria office REIT-AG: alstria leases 5,400 sqm to the City of Hanover