alstria office REIT-AG
alstria office REIT-AG: alstria leases 5,900 sqm in the Bieberhaus (Hamburg)
DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous Press release alstria leases 5,900 sqm in the Bieberhaus (Hamburg) Hamburg, March 28, 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 full service advertising agency, will lease up approximately 5,900 sqm of office and ancillary space. The ten-year lease will start on May 1, 2018 and generates an annual rental income of EUR 1.3 m. 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. ‘In the current environment the refurbishment and the repositioning of a building offers the best opportunities for value creation’, says Olivier Elamine, CEO of alstria. ‘alstria has developed the specific skills needed to reposition assets like Bieberhaus in a way that fits the new needs of the corporate occupiers. Theses skills, combined with our strong balance sheet and the strong leasing demand for the space we can produce, will allow us to continuously add value to our portfolio.’ The lease was brokered by CBRE. Contact: About alstria: Disclaimer:
28.03.2017 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 |