alstria office REIT-AG: New lease signed for 2,000 square meters of office space in Cologne

Press Release
 

New lease signed for 2,000 square meters of office space in Cologne
 

Hamburg, July 10, 2019 - alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1) announces the signature of a new lease in Cologne.

alstria has signed a new lease for its asset at Maarweg 165 in Cologne. A new tenant will lease up 2,000 square meters of office space for a term of 10 years. The lease will start in the first quarter of 2020 and generates an annual rental income of around EUR 364,000.

The building "Maarweg-Center" at Maarweg 165 in Cologne comprises a lettable area of 22,800 square meters. alstria acquired the building in 2015. 

The lease was brokered by Larbig & Mortag Immobilien GmbH, Cologne, Jones Lang LaSalle acts as lead agent of the property.


Contact IR/PR: 
Ralf Dibbern
Steinstr. 7
20095 Hamburg
+49 (0) 40 226 341 329
rdibbern@alstria.de

Further information:
www.alstria.com
www.beehive.work
www.twitter.com/alstria_REIT
 

About alstria:
alstria office REIT AG is the leading real-estate operator focusing solely on German office property in selected German markets. Our strategy is based on the ownership and an active management of our properties throughout their entire life cycle, strong added-value services to our customers and deep knowledge of the markets in which we operate. alstria strives for sustainable long-term value creation while taking advantage of short-term arbitrage of inefficiencies in the real estate markets. The portfolio comprises 115 buildings with a lettable area of 1.5 million square meters and a total portfolio value of EUR 3.9 billion.

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.