PRESS RELEASE

alstria announces new lease with Wipro Limited at Stuttgart’s transforming Sternhöhe Campus

Hamburg, April 30, 2024 – alstria office REIT is pleased to announce a new lease agreement with Wipro Limited, a global leader in technology services. Wipro will consolidate three locations from the Stuttgart area in the new office and will occupy approximately 2,000 square meters of office space in one of Sternhöhe Campus’s newly retrofitted buildings, marking a significant step in the campus’s evolution into Stuttgart’s premier technology hub.

Campus Transformation: Originally a corporate headquarters, Sternhöhe is undergoing a transformation under alstria’s stewardship to meet the modern needs of dynamic technology companies. The campus redesign focuses on creating a modern work environment that supports innovative and flexible work styles. This includes a layout with modern open-space workstations, meeting rooms and a central atrium that serves as a marketplace for interaction and collaboration between employees and tenants.

Amenities and Work-Life Balance: Sternhöhe offers an array of amenities to enhance the work-life balance of its community. These include a spacious restaurant with both indoor and outdoor seating, an onsite kindergarten to support working parents, multiple bookable spaces for conferences and project work, and extensive landscaped areas designed for relaxation and informal meetings, as well as on site sport facilities.

Sustainability and Connectivity Commitment: The renovation adheres to Low Carbon Design principles, utilizing the existing structural elements while upgrading the interior, fire safety, and building technologies to contemporary standards. The campus is on track to receive a DGNB Gold certification for its sustainability efforts. In addition, it boasts cutting-edge digital infrastructure with a WiredScore Platinum certification and will feature exclusive electric vehicle charging stations, enhancing its appeal to environmentally conscious tenants. Furthermore, alstria is committed to powering the entire Sternhöhe campus exclusively with renewable energy by 2030, underscoring a deep commitment to sustainability.

The lease was brokered by JLL Stuttgart.

alstria office REIT-AG
Steinstrasse 7
20095 Hamburg, Germany    

Further Information 
www.alstria.com
www.sternhoehe.de
www.beehive.work
www.linkedin.com/company/alstria-office-reit-ag

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. 

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.