alstria office REIT-AG
alstria office REIT-AG: alstria leases 4,300 sqm in the Bieberhaus (Hamburg)
DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous Press release alstria leases 4,300 sqm in the Bieberhaus (Hamburg) Hamburg, October 10, 2017 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1) announces the signature of a new lease for its development asset Bieberhaus (Ernst-Merck-Str. 9, Hamburg). The new tenant, a leading German publishing group, will lease up approximately 4,300 sqm of office and ancillary space. The eleven-year lease will start on October 1, 2018 and generates an annual rental income of EUR k 870. The substantial modernisation of the building allowed alstria to increase the rent per sqm by around 70% compared to the lease prior to the refurbishment. The historical Bieberhaus is located in the inner city of Hamburg close to the main train station. After the refurbishment of the first part of the building and the long-term lease to the well-known Ohnsorg theatre in 2010 alstria started the substantial modernisation of the 12,000 sqm of office space in 2016. “Following the lease of 5,900 sqm announced in March, this new lease allows us to reach almost full occupancy in this development project”, says Olivier Elamine, CEO of alstria. “The turnaround of this asset into a state of the art office building attracting tier 1 tenants is testimony to the operating capability of alstria.” Contact:
Disclaimer:
10.10.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | alstria office REIT-AG |
Bäckerbreitergang 75 | |
20355 Hamburg | |
Germany | |
Phone: | 040-226 341 300 |
Fax: | 040-226 341 310 |
E-mail: | info@alstria.de |
Internet: | http://www.alstria.de |
ISIN: | DE000A0LD2U1 |
WKN: | A0LD2U |
Indices: | MDAX, EPRA, German REIT Index |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |