Press Release




PRESS RELEASE

alstria leases 2,000 square meters in Cologne

Hamburg, July 27, 2020 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1) announces the signature of a new lease in Cologne.

alstria announces the signature of a new long-term lease for its asset at Maarweg 165 in Cologne. The tenant will lease up 2,000 square meters of office space for a term of 15 years. The new lease will generate an annual rental income of around EUR 281,000. 

The lease was brokered by Larbig & Mortag and JLL. 

The Maarweg-Center was built in 1993 and offers a total lettable area of 22,800 square meters. It is located in the western district Cologne-Braunsfeld and is characterized by modern office spaces and excellent traffic connections. (Location)

Contact                                     
Philip Angrabeit                        
Steinstrasse 7                                      
20095 Hamburg, Germany                  
+49 40 226 341 389                   
[email protected]

Further information 
www.alstria.com
www.beehive.work
www.twitter.com/alstria_REIT
www.linkedin.com/company/alstria-office-reit-ag

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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. As per March 31, 2020 the portfolio comprised 112 buildings with a lettable area of 1.5 million square meters.

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. 

The current COVID-19 outbreak is creating substantial uncertainty in the marketplace. Although alstria has diligently reviewed the information contained in this release it is based on its own analysis and estimate, as well as available public sources and not on active discussion with tenants. As such the current liquidity risk of the tenants can materially differ from alstria’s own estimate, and the actual impact of the COVID 19 outbreak may differ substantially from the current previsions.

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. 
 

Copyright © 2020 alstria office REIT-AG, All rights reserved.

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