alstria office REIT-AG
alstria office REIT-AG: alstria sells non-core assets for EUR 44.3 million
DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous Press release alstria sells non-core assets for EUR 44.3 million Hamburg, September 13, 2017 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), has sold three non-core properties in two transactions. Last week alstria successfully sold three non-core assets for a total consideration of around EUR 44.3 million. The disposed assets with a combined annual rental income of EUR 3.6 million were sold at a book gain of 3.5% to the most recent appraised value. The assets disposed include two logistic assets from the former Deutsche Office portfolio (Carl-Benz-Str. 15, Ludwigsburg and Vichystr. 7-9, Bruchsal) as well as an office asset in Detmold. The transfer of benefits and burden is expected to take place in the fourth quarter of 2017. “We are continuing to streamline the portfolio acquired with the Deutsche Office transaction, selling non-core assets in a strong investment market”, says Olivier Elamine, CEO of alstria. “Over the last 18 months we have substantially reduced the number of non-core, non-office assets in the portfolio and reinvested the proceeds into office properties located in our main markets”. alstria was advised by BNP Paribas Real Estate and Hogan Lovells International LLP on the disposal of the logistic assets. The disposal of the office asset was advised by IMMORAUM GmbH and trûon Rechtsanwälte LLP. Contact: Disclaimer:
13.09.2017 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 |