Profile

alstria office REIT-AG is a German stock corporation in the legal form of a Real Estate Investment Trust (REIT), which invests in office real estate in the major German economic centers. REITs are long-term portfolio holders of real estate assets and are characterized by solid balance sheet structures and high payout ratios. The legal basis for German REITs can be found in the REIT Act.

 

As a fully integrated company, we manage our properties throughout their life cycle. From the acquisition to letting, ongoing management, modernization up to the possible sale we possess all expertise around the property.

 

Our corporate strategy is based on three pillars:

LETTING


We hold real estate for long-term letting. In this way, we achieve stable and predictable rental income that generates steady corporate profits. This profit is the foundation for the distribution of attractive long-term dividends to our shareholders.

MODERNIZATION


We continuously invest in the quality of our properties and create modern office space that will remain attractive for our tenants in the long term. The continuous quality improvement increases the company value permanently.

GROWTH


Through selective acquisitions, we continuously expand our portfolio and generate steady corporate growth. The increase and optimization of our portfolio furthermore creates synergies in the management of our assets.

OURPORTFOLIO

alstria owns and manages a high-quality portfolio of office properties in the major German office centers. Due to our local presence and many years of experience, our team has in-depth market knowledge and develops detailed concepts for each individual building. Modernizing the properties is an substantial part of our integrated business model, on the basis of which we create consistent value.

OURFinancial Structure

We have a solid balance sheet, access to various sources of finance and our business model is very profitable. In recent years, we have built a strong reputation in the capital markets through transparent, reliable and continuous communication and positioned alstria as a solid investment target for investors.

OURTEAM

Committed, qualified and motivated employees are the basis of a successful company. We offer real estate experts, merchants, architects, engineers, designers and many other professions opportunities for their personal development. Our culture is entrepreneurial and collegial, with the aim of exceeding our own expectations.

ManagementBoard

The Management Board manages the operating business and is responsible for the strategic development of the company.


Chief Executive Officer (CEO)

Chief Financial Officer (CFO)

Olivier Elamine

First appointed 2006

Term expires 2022

Personal information Residence: Hamburg, Germany Birthday: October 1972 Nationality: French

Career Olivier Elamine is one of the founding members of alstria and became CEO of the Company in November 2006.   Prior to the founding of alstria, he was a Partner of NATIXIS Capital Partners Ltd. (NCP; formerly IXIS Capital Partners) from 2003 to 2006. Here he participated in more than EUR 6 billion of pan-European real estate transactions and led the acquisition of the Barmer and Stadt Hamburg portfolios.   In 2003, Olivier Elamine joined the Real Estate Investment Banking team at CDC IXIS as a Director and was one of the founding members of NATIXIS Capital Partners Ltd.   In 1998 Olivier Elamine joined Ernst & Young as a consultant in the real estate industry and from 2000 to 2003 he headed the Sales & Leaseback advisory team.   From 1996 to 1998, he worked at the French Embassy in Morocco.

Education Olivier Elamine holds a civil engineering degree in Real Estate and Construction from the Ecole National des Travaux Publics de l’Etat, Lyon and a Master in Building and Construction Science from the Institut National des Sciences Apliquées, Lyon.

Other material activities Non-Executive Director at COIMA RES S.p.A. SIIQ Member of the advisory board at Urban Campus Group SAS

as per January 01, 2020

Alexander Dexne

First appointed 2007

Term expires 2022

Personal information Residence: Hamburg, Germany Birthday: April 1965 Nationality: German

Career Alexander Dexne is CFO of alstria since June 2007. Prior to joining alstria, Alexander Dexne was CFO of MediGene AG and General Manager Finance at Olympus Optical (Europa).

Education Alexander Dexne holds a master´s degree (Diplom-Volkswirt) in Economics from the University of Göttingen and an MBA from Massey University in New Zealand.

as per January 01, 2020

SupervisoryBoard

The Supervisory Board appoints the Management Board and is the controlling committee of the Company. Members elected by the Annual General Meeting form the Supervisory Board, whose main tasks are to advise and monitor the Management Board.



Chairman of the supervisory board, Lawyer and partner at Freshfields Bruckhaus Deringer PartG mbB


Vice chairman of the supervisory board, Director at Starr Street Limited, United Kingdom


Chief Executive Officer (CEO) Elaia Investment Spain SOCIMI, S.A., Spain

Dr. Johannes Conradi

Member since

  • 2007

Term expires

  • 2023

Personal information

  • Residence: Hamburg, Germany
  • Birthday: September 1962
  • Nationality: German

Career

  • 1993 Attorney (Associate) of Bruckhaus Westrick Stegemann, Hamburg; 1996/97 Foreign Associate of SJ Berwin, London; 1997 Solicitor (England & Wales); 1998 Associate of Bruckhaus Westrick Heller Löber, since 2000 Freshfields Bruckhaus Deringer. 2000 – 2006 Global Co-Head of the Real Estate Practice Group. 2006 – 2012 Global Head of the Real Estate Sector Group as well as the Managing Partner of the Hamburg office. 2012 – 2018 Global Head of the Real Estate Practice Group.
  • Dr. Johannes Conradi is rendering legal advice on both domestic and international investors, corporates, project developers, financial institutions as well as the public sector in all matters relating to real estate law, in particular on larger real estate transactions, project developments, real estate finance and joint ventures.
  • Dr. Johannes Conradi is Vice-chairman of the Institution for Corporate Governance in the German real estate industry (ICG). He was appointed as Fellow of the Royal Institution of Chartered Surveyors (FRICS).

Management board mandates at listed companies in Germany and abroad:

n/a

Supervisory board mandates at listed companies in Germany and abroad and comparable functions (size, internationality and complexity):

n/a

Other activities

  • Member of the Advisory Board at Elbphilharmonie und Laiszhalle Betriebsgesellschaft mbH
  • Member of the Supervisory Board at Flughafen Hamburg GmbH
  • Lawyer and Partner at Freshfields Bruckhaus Deringer PartG mbB

as per January 01, 2021

Richard Mully

Member since

2007

Term expires

2022

Personal information

Residence: Cobham (Surrey), United Kingdom

Birthday: July 1961

Nationality: British

Career

1992 to 1998 Founder and Head of Bankers Trust’s European Real Estate Investment Banking Group, USA, responsible for the management of all aspects of this business; 1998 to 2000 Chief Executive Officer of European Property Partners Limited, United Kingdom, and Managing Director and Head of European Merchant Banking for Prudential Insurance Company of America, USA; 2000 to 2011 Co-Founder and Managing Partner of Grove International Partners LLP, USA, responsible for investment strategy and management in Europe; 2008 to 2009 Member of Supervisory Board of Hypo Real Estate Holding AG. 2012 to 2019 Director of Standard Life Aberdeen PLC, United Kingdom. 2016 to date Chairman of Great Portland Estates PLC.

Education

Graduated in Economics (BS) from University College London, United Kingdom;
Master’s degree (MBA) in Finance from Cass Business School, United Kingdom

Management board mandates at listed companies in Germany and abroad:

  • n/a

Supervisory board mandates at listed companies in Germany and abroad and comparable functions (size, internationality and complexity):

  • Non-executive chairman at Great Portland Estates PLC, United Kingdom

Other activities

  • Member of the Senior Advisory Board at Actis LLP
  • Chairman at Arlington Business Parks LLC, United Kingdom
  • Chairman at Campus Living, German Student Housing Co, Luxembourg
  • Member of the Advisory Board at Hodes Weill & Associates
  • Senior advisor to TPG Europe LLC, United Kingdom
  • Director at Starr Street Limited, Isle of Man

as per January 01, 2021

Benoît Hérault

Member since

2012

Term expires

2022

Personal information

Residence: Uzès, France

Birthday: May 1967

Nationality: French

Career

1992 admission to bar; 1990 to 1996 lawyer with Gide Loyrette Nouel in Paris, France; 1996 to 2000 General Counsel and vice-CEO with Archon Group France in Paris, France; 2000 to 2011 European CFO of Whitehall Funds (Goldman Sachs) in London and member of the Audit, Business Practices and Compliance Committees of Goldman Sachs, London, United Kingdom.

As CFO of the Whitehall Funds Mr Benoît Hérault was responsible for arranging debt financings as well as for acquisitions of asset portfolios in Germany and Europe. Since February 2020 Benoît Hérault is CEO at Elaia Investment Spain, Batipart Group.

Education

1989 MBA from HEC Paris, France;

1991 LL.M. an der Université Paris II Panthéon-Assas, Frankreich.

Management board mandates at listed companies in Germany and abroad:

  • CEO at Elaia Investment Spain SOCIMI, S.A. (Batipart Group)

Supervisory board mandates at listed companies in Germany and abroad and comparable functions (size, internationality and complexity):

  • n/a

Other activities

  • Independent Director at Batipart Immo Long Terme, Luxemburg
  • Independent Director at Shaftesbury Fund Management, Luxemburg

as per January 01, 2021



CEO at P3 Logistic Parks s.r.o. Czech Republic


Portfolio Non-Executive Director


Managing Director at bettermarks GmbH

DR. FRANK PÖRSCHKE

Member since

2021

Term expires

2024

Personal information

Residence: Hamburg, Germany

Birthday: January 1965

Nationality: German

Career

1993 to 1995: Senior Associate at McKinsey & Company;

1995 to 2004: Managing Director at ECE Projektmanagement International G.m.b.H., Hamburg, Germany;

2004 to 2007: Spokesman of the Management Board at Commerz Grundbesitz Investment GmbH, Wiesbaden, Germany (now Commerz Real AG);

2007 to 2011: Spokesman of the Management Board at Eurohypo AG, Eschborn, Germany;

2011 to 2018: initially CEO Germany, then President EMEA Markets at Jones Lang LaSalle (JLL), Frankfurt am Main, Germany;

2018 to 2021: various supervisory and advisory board positions;

Since 2021: CEO at P3 Logistic Parks s.r.o., Prague, Czech Republic

Education

1984 to 1989: Law studies at the University of Hamburg (First State Law Examination)

1990 to 1993: Traineeship (Second State Law Examination)

2011: Harvard Business School (Advanced Management Program)

Management board mandates at listed companies in Germany and abroad:

  • n/a

Supervisory board mandates at listed companies in Germany and abroad and comparable functions (size, internationality and complexity):

Member of the Supervisory Board of AUG. PRIEN Bauunternehmung (GmbH & Co. KG) Hamburg, Germany

Deputy Chairman of the Supervisory Board of AXA Investment Managers Deutschland GmbH, Frankfurt am Main, Germany (mandate to be resigned by December 31,2021)

Member of the Supervisory Board of Deka Immobilien Investment GmbH (Deka Bank Group), Frankfurt am Main, Germany (mandate to be resigned by June 30, 2021)

Non-executive member of the Board of Directors of Verianos SE, Cologne, Germany (mandate to be resigned by June 30, 2021)

Member of the Advisory Board of von Poll Immobilien Holding GmbH, Frankfurt am Main, Germany (mandate to be resigned by June 30, 2021)

Member of the Supervisory Board of WestInvest Gesellschaft für Investmentfonds mbH (Deka Bank Group), Düsseldorf, Germany (mandate to be resigned by June 30, 2021)

Other acitivities

n/a

as per May 6, 2021

ELISABETH STHEEMAN

Member since

2021

Term expires

2024

Personal information

Residence: Surrey, United Kingdom

Birthday: January 1964

Nationality: German and British

Career

1988 to 2012: Morgan Stanley International, London, United Kingdom (Investment Banking, Global Capital Markets, Real Estate/Private Equity);

2013 to 2014: Global Chief Operating Officer at LaSalle Investment Management, London, United Kingdom /Chicago, USA;

2015 to 2018: Senior Advisor at Bank of England, United Kingdom;

Since 2017: External Member of the Financial Markets Infrastructure Board and (since 2018) External Member of the Financial Policy Committee, Bank of England, United Kingdom.

Education

1982 to 1987: Banking apprenticeship and Graduate Trainee at Vereins- und Westbank AG, Hamburg, Germany;

1985: Bachelor’s degree in business administration, Hamburg School of Business (Wirtschaftsakademie Hamburg), Germany

1988: Diploma in business studies, London School of Economics, London, United Kingdom

Management board mandates at listed companies in Germany and abroad:

n/a

Supervisory board mandates at listed companies in Germany and abroad and comparable functions (size, internationality and complexity):

Member of the Supervisory Board of Aareal Bank AG, Wiesbaden, Germany
Member of the Supervisory Board of Edinburgh Investment Trust PLC, Edinburgh, United Kingdom

Other activities

  • External Member of the Audit and Risk Committee, Asian Infrastructure Investment Bank (AIIB), Peking, China
  • External Member of the Financial Markets Infrastructure Board and Financial Policy Committee at Bank of England, United Kingdom

as per May 06, 2021

Marianne Voigt

Member since

2011

Term expires

2023

Personal information

Residence: Berlin, Germany

Birthday: March 1966

Nationality: German

Career

1993 to 1999 with VEBA group in the controlling and finance Division, at last as assistant to the CFO with VEBA AG in Düsseldorf; 1999 to 2008 CFO/COO with ImmobilienScout in Berlin; since 2008 start-up and development of bettermarks, an innovative online learning system for mathematics.

As CFO/COO of ImmobilienScout Ms Marianne Voigt was responsible for the development of the company, the IT operations and IT developments, the execution of capital measures and for the controlling and finance.

Education

Apprenticeship in banking with B. Metzler; 1992 degree at WHU Koblenz.

Management board mandates at listed companies in Germany and abroad:

n/a

Supervisory board mandates at listed companies in Germany and abroad and comparable functions (size, internationality and complexity):

n/a

Other activites

  • bettermarks GmbH, Managing director
  • BDO AG Wirtschaftsprüfungsgesellschaft: member of the Supervisory Board
  • DISQ Deutsches Institut für Service-Qualität GmbH & Co. KG: member of the advisory board

as per January 01, 2021

AUSSCHUSS MITGLIEDER
Audit Commitee Marianne Voigt (Vorsitzende)
Benoît Hérault
Dr. Frank Pörschke
Finance & Investment Committee Richard Mully (Vorsitzender)
Dr. Frank Pörschke
Elisabeth Stheeman
Nomination & Remuneration Committee Dr. Johannes Conradi (Vorsitzender)
Benoît Hérault
Elisabeth Stheeman
CSR Committee Dr. Johannes Conradi (chairman)
Richard Mully
Marianne Voigt

Profile for the Supervisory Board

The Supervisory Board has issued a profile for its composition:

Report of theSupervisory Board

Corpo­rateGovernance

The core values of integrity, respect, performance, accountability and sustainability are deeply rooted in our corporate culture. Responsible, transparent management and control of the company guarantee the highest standards. Ethical conduct is the indispensable basis for the trust that our investors, tenants, business partners, employees and the public place in our company.

Articles of Association

The Articles of Association regulate the corporate law basis of our company.

Articles of Association
as of January 26, 2021

Rules of Procedure for the Supervisory Board

The Supervisory Board has issued Rules of Procedure.

Statement of Compliance

Once a year, the Management Board and the Supervisory Board of alstria declare that the recommendation of the GCGC were compiled with or which recommendations were not and are not being applied, and why not.

Corporate GovernanceStatement

The corporate governance statement contains all relevant information on corporate governance practices and a description of the working methods of the Management Board and Supervisory Board and their committees.

DirectorsDeal­ings

The directors’ dealings include the management’s own dealings in shares or debt securities of the company, which have been notified to the company and to the Federal Agency for Financial Services Supervision (BaFin).

Directors Dealings
As of May 6, 2021

Overview of the total number of company’s shares held by members of the Management Board and Supervisory Board.

As of May 6, 2021

Inhaber Anzahl Aktien
Olivier Elamine 139340
Alexander Dexne 85453
Dr. Johannes Conradi 60000
Richard Mully 20000
Benoît Hérault 9250
Dr. Frank Pörschke 0
Elisabeth Stheeman 0
Marianne Voigt 8600

GCGCode

OnSite

Hamburg

Berlin

Frankfurt

Düsseldorf

Stuttgart

Headquarters

Hamburg Steinstraße 7 20095 Hamburg T +49(0)40 – 22 63 41 300 F +49(0)40 – 22 63 41 310 Directions

Berlin Rankestraße 17 10789 berlin T +49(0)30 – 896 779 500 F +49(0)30 – 896 779 501 Directions

Frankfurt Platz der Einheit 1 60327 Frankfurt am Main T +49(0)69 – 153 256 740 F +49(0)69 – 153 256 745 Directions

Düsseldorf Elisabethstraße 11 40217 Düsseldorf T +49(0)211 – 301 216 600 F +49(0)211 – 301 216 615 Directions

Stuttgart Danneckerstraße 37 70182 Stuttgart T +49(0)711 – 33 50 01 50 F +49(0)711 – 33 50 01 55 Directions

Awards

We are proud of our performance and are pleased about the recognition of well-known organizations. Below you will find a selection of our awards.

ZIA
Award
for alstrias
CO2-Concept 2018

S&P Global
Sustainability
Yearbook
Member 2021

 

 

EPRA
BPR GOLD
Award
for alstrias
Reporting