Press Release


alstria leases 5,000 sqm in Essen

Hamburg, March 05, 2020 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1) announces the signature of a new lease in Essen.

alstria has signed a new lease for its asset at Bamlerstr. 1-5 in Essen. An existing tenant will renew its lease of around 1,900 sqm of existing space and extend its operation in the asset with an additional new office and ancillary space of 3,100 sqm. The new 10-year lease will start in mid-2020 and generates an annual rental income of around EUR 782,000.  

The lease was brokered by BNP Paribas Real Estate GmbH (Essen). 

The Bamler Service Park consists of three building sections and comprises a lettable area of 33,100 sqm, which is divided into office, hall and service areas. The Service Park is conveniently located near the University of Essen, within sight of the city centre and town hall. (Location)

Contact IR/PR:                                    
Ralf Dibbern                          
Steinstrasse 7                                      
20095 Hamburg, Germany                  
+49 40 226 341 329                   
[email protected]

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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. The portfolio comprises 116 buildings with a lettable area of 1.5 million sqm and a total portfolio value of EUR 4.5 billion.

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.

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

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