Portfolio

We are the leading real estate manager in Germany and concentrate our activities on office properties in selected German core regions. We actively manage our portfolio over the entire lifecycle of the buildings and create sustainable value for our tenants and investors.

alstria-Portfolio (Excel)
as of December 31, 2020

Overview &Map

Our portfolio comprises 110 high-quality commercial properties with a total lettable area of 1.4 million square meters and a total value of EUR 4.6 billion. The modern and historic buildings are located in the large and liquid German office markets of Hamburg, Düsseldorf, Frankfurt, Stuttgart and Berlin, where we are represented by local offices.

DevelopmentProjects

Our strategy is based on the active management of our properties over their entire life cycle. As specialists in the development and revitalisation of buildings of all ages, our goal is to meet the requirements of tomorrow’s tenants. In this way, we use the existing building substance, protect its appearance and create room concepts that combine high functionality with modern equipment. Thereby, modernisation is significantly more climate-friendly due to the lower CO2 emissions compared to new construction. Our experienced team of architects, civil engineers, urban planners and business economists accompanies every project, from the initial concept to successful completion.

Current Projects

Geesthof

Hamburg

Besenbinderhof 41

Lettable area: 5,000 sqm

Expected Delivery: 2021

Carl-Reiss-Platz 1-5

Mannheim

Carl-Reiss-Platz 1-5

Lettable area: 11.800 sqm

Expected Delivery: 2022

Gustav-Nachtigal-Straße 3-5

Wiesbaden

Gustav-Nachtigal-Straße 3-5

Lettable area: 25.700 sqm

Expected Delivery: 2021

Rotebühlstr. 98-100

Stuttgart

Rotebühlstr. 98-100

Lettable area: 8.900 sqm

Expected Delivery: 2021

Solmstrasse 27-37

Frankfurt am Main

Solmstraße 27-37

Lettable area: 30.900 sqm

Expected Delivery: 2023

Vaihinger Strasse 131

Stuttgart

Vaihinger Straße 131

Lettable Area: 21.400 sqm

Expected Delivery: 2021

Geesthof

The Geesthof was built in 1927 in the heart of Hamburg’s St. Georg district. A particular challenge during the construction phase is the subway tunnel, which passes the building on the first basement level. During the war in 1943, the building was heavily damaged and lost several floors. The rail line was also badly affected and not put back into service after the end of the war. In the course of the development, the historic cubature of the listed building will be restored, and the missing upper floor will be newly constructed. The art styles of Expressionism and Bauhaus in the interior as well as on the facade will be restored and integrated into the usage concept.

Building

Acquisition:

Acquisition Price:

2006

EUR 7.5 m

Start of Development

Value at Start:

Value per sqm:

Annual Rent:

Lettable Area:

EUR 6.5 m

EUR 1,300

EUR 0.5 m

5.000 sqm

Development

Capex:

Capex per sqm:

EUR 11.5 m

EUR 2,100

Expected Delivery

Expected Value:

Expected annual rent:

Yield on cost:

EUR 28.0 m

EUR 1.1 m

6.2%

Carl-Reiss-Platz 1-5

In 2008, we acquired the three office buildings on Carl-Reiß-Platz, which are part of the representative Augustaanlage. An essential part of the revitalization is the complete separation of the buildings, which are currently still structurally and technically connected. An individual concept tailored to each building will create solitary characters in an harmonious ensemble. The modern facade design, in combination with the new building facilities, significantly improves energy efficiency. At the same time, previously inefficient room structures are being dissolved in order to realize contemporary and sustainable space and office concepts. Overall completion is scheduled for 2022. A total of 18,380 square meters of modern office and residential space will then be available.

Building

Acquisition:

Acquisition Price:

2008

EUR 21.1 m

Start of Development

Value at Start:

Value per sqm:

Annual Rent:

Lettable Area:

EUR 16.9 m

EUR 1,400

EUR 1.5 m

11,800 sqm

Development

Capex:

Capex per sqm:

EUR 49.0 m

EUR 2,700

Expected Delivery

Expected Value:

Expected annual rent:

Yield on cost:

EUR 71.4 m

EUR 3.2 m

4.9 %

Gustav-Nachtigal-Straße 3-5

The three office buildings at Gustav-Nachtigal-Str. 3-5 were built in Wiesbaden between 1984 and 1992. After the acquisition of the third building in 2018, the opportunity arose to develop and reposition the 26,000-square-meter campus. We had already been in contact with the Bundesanstalt für Immobilienaufgaben (Institute for Federal Real Estate) regarding a lease since 2017 and signed a significant lease agreement in 2020. Due to the high demands of the future tenants, the function of the buildings is absolutely central. Our flexible development concepts allow us to successfully implement even the highest technical requirements, as in this project.

Building

Acquisition:

Acquisition Price:

2008 & 2018

EUR 44.5 m

Start of Development

Value at Start:

Value per sqm:

Annual Rent:

Lettable Area:

EUR 28.8 m

EUR 1,100

EUR 2.9 m

25,700 sqm

Development

Capex:

Capex per sqm:

EUR 75.4 m

EUR 2,900

Expected Delivery

Expected Value:

Expected annual rent:

Yield on cost:

EUR 217.9 m

EUR 8.7 m

8.4 %

Rotebühlstraße 98-100

The 6 to 7-storey office building was constructed in the early 1980s and is undergoing extensive refurbishment as the building technology is almost 40 years old and therefore no longer up to date. The refurbishment will focus on sustainability, the technology will be brought to the latest standards and a modern office layout will be designed. To give the building a modern appearance, the façade will also be renewed, while retaining the structure of the building. After the refurbishment, we will move into our new Stuttgart office there.

Building

Acquisition:

Acquisition Price:

2011

EUR 16.3 m

Start of Development

Value at Start:

Value per sqm:

Lettable Area:

Annual Rent:

EUR 22.0 m

EUR 2,500

EUR 1.3 m

8,900 sqm

Development

Capex:

Capex per sqm:

EUR 17.6 m

EUR 2,000

Expected Delivery

Expected Value:

Expected annual rent:

Yield on cost:

EUR 43.4 m

EUR 2,0 m

4.9%

Solmstraße 27-37

Extensive modernization measures are currently ongoing in the 2011 built property. The aim of the refurbishments is not only to increase the quality of the asset, but also to significantly improve energy efficiency and thus reduce CO2 footprint. For the first time, therefore, modernization is being partly financed by KfW Banking Group under the Energy Efficiency Program. The refurbishment will be completed by the end of 2021 and substantial long-term leases have already been signed.

Building
Acquisition: 2015
Acquisition Price: EUR 82.1 m
Start of Development

Value at Start:

Value per sqm:

Annual Rent:

Lettable Area:

EUR 68.0 m

EUR 2,200

EUR 7.1 m

30,900 sqm

Development

Capex:

Capex per sqm:

EUR 42.9 m

EUR 1,900

Expected Delivery

Expected Value:

Expected annual rent:

Yield on cost:

EUR 173.7 m

EUR 6.1 m

5.5%

Vaihinger Strasse 131

The property in the central Stuttgart district of Möhringen was built in 1992 and consists of a low-rise building and a high-rise building. At the moment, the building’s spaces are being modernised and rearranged to a high standard. In addition, the focus of this refurbishment is on increasing energy efficiency. In the course of this process, considerable savings in energy consumption will be achieved and thus the CO2 footprint of the buildings will be significantly improved.

Building

Acquisition:

Acquisition Price:

2015

EUR 31.7 m

Start of Development

Value at Start:

Value per sqm:

Annual Rent:

Lettable Area:

EUR 54.3 m

EUR 2,500

EUR 3.8 m

21,400 sqm

Development

Capex:

Capex per sqm:

EUR 35.1 m

EUR 1,600

Expected Delivery

Expected Value:

Expected annual rent:

Yield on cost:

EUR 94.4 m

EUR 4.3 m

4.8%

Track Records

Alte Post

Hamburg

Poststrasse 11

Lettable area: 7.400 sqm

Delivery: 2012

Bieberhaus

Hamburg

Ernst-Merck-Str. 9

Lettable area: 17,600 sqm

Delivery: 2020

Kaisergalerie

Hamburg

Große Bleichen 23-27

Lettable Area: 18,300 sqm

Delivery: 2015

Holstenhof

Hamburg

Kaiser-Wilhelm-Str. 79-87

Lettable Area: 5,600 sqm

Delivery: 2015

Momentum

Düsseldorf

Am Wehrhahn 33

Lettable area: 24,100 sqm

Delivery: 2020

Mundsburg Tower

Hamburg

Hamburger Str. 11

Lettable area: 9,500 sqm

Delivery: 2013

Alte Post

Built in 1849, this was the largest administrative building in Hamburg’s Neustadt at the time. In 1971, the first extensive reconstruction took place, during which the basement was converted into a shopping aracade and the transformation of the city center into a mall district was initiated. Between 2010 and 2012, the building with its distinctive clock tower was gutted and restored in detail according to the historical construction documents. During the reconstruction, the original floors were restored, two additional floors were added, and the façade was rebuilt true to the original. An outstanding alstria project which received international recognition and was awarded the Special Jury Award 2012 at the international real estate trade fair MIPIM.

Building

Acquisition:

Acquisition Price:

2006

EUR 34.2 m

Start of Development

Value at Start:

Value per sqm:

Lettable Area:

EUR 35.0 m

EUR 4,700

7,400 sqm

Development

Capex:

Capex per sqm:

EUR 17.3 m

EUR 2,300

Delivery

Value at sale:

Value per sqm:

Lettable area:

EUR 115.8 m

EUR 15,600

7,400 sqm

Bieberhaus

The Bieberhaus in Hamburg’s St. Georg district was built in 1910. It survived the Second World War undamaged, is a listed building and has been in our portfolio since 2006. The building impresses with its historic façade, the representative entrance area and the rooms that are up to 4.80 meters high. After the acquisition, the modernization of the retail area and the construction of the well-known Ohnsorg Theater were among the building’s significant milestones. During the modernization, the listed stylistic elements inside as well as the prominent facade were professionally restored. The building was named after the principal of the former boys’ school of St. Georg, which was once located on the grounds.

Building

Acquisition:

Acquisition Price:

2006

EUR 44.6 m

Start of Development

Value at Start:

Value per sqm:

Annual Rent:

Lettable Area:

EUR 32.4 m

EUR 1,800

EUR 2.0 m

17,600 sqm

Development

Capex:

Capex per sqm:

EUR 21.3 m

EUR 1,200

Letting & Delivery

Value Today:

Value per sqm:

Lettable Area:

Annual rent:

Occupancy:

EUR 105.2 m

EUR 6,000

17,600 sqm

EUR 3.1 m

100%

Kaisergalerie

The Kaisergalerie was built in 1909 in the heart of Hamburg between the Hanseviertel and Bleichenfleet and renovated in 2011. Due to the listed status of the office and retail building, the renovations were particularly challenging. During the work, the historic architecture with its high pillars and other sandstone figures was extensively restored. Particularly impressive about the 82-metre-long Kaisergalerie are the ceilings, which are up to 7.5 metres high. After the refurbishment, a classic passage was created with all the architectural details from its founding period.

Building

Acquisition:

Acquisition Price:

2006

EUR 53.6 m

Start of Development

Value at Start:

Value per sqm:

Lettable Area:

EUR 50.0 m

EUR 2,700

18,300 sqm

Development

Capex:

Capex per sqm:

EUR 18.1 m

EUR 1,000

Fertigstellung & Vermietung

Value at sale:

Value per sqm:

Lettable Area:

EUR 170.0 m

EUR 9,300

18,300 sqm

Holstenhof

The building was constructed in 1901 as the Holstenhof in Kontorhaus style and is located in Hamburg’s Neustadt district. Special highlights of the building are the historic façade and the elegant staircase. During the modernisation, it was particularly important to professionally restore the listed appearance. The Holstenhof impresses with its bright and naturally lit office space and characterises the cityscape with its historic appearance.

Building

Acquisition:

Acquisition Price:

2006

EUR 9.1 m

Start of Development

Value at Start:

Value per sqm:

Annual Rent:

Lettable Area:

EUR 8.0 m

EUR 1,400

EUR 0.4 m

5,600 sqm

Development

Capex:

Capex per sqm:

EUR 10.3 m

EUR 1,800

Letting & Delivery

Value Today:

Value per sqm:

Lettable Area:

Annual rent:

Occupancy:

EUR 36.6 m

EUR 6,500

5,600 sqm

EUR 1.2 m

100%

Momentum

The former Wehrhahn-Center was built in 1985 and consists of five construction elements with seven floors. The ground floor contains gastronomy and retail space, and office space is located on the floors above. Due to poorly divided areas, technical deficiencies and a façade that had fallen out of date, the building has been extensively refurbished since 2014. The result is a representative and modern office complex with retail outlets and gastronomy that blends harmoniously into the cityscape.

Building

Acquisition:

Acquisition Price:

2012

EUR 27.7 m

Start of Development

Value at Start:

Value per sqm:

Annual Rent:

Lettable Area:

EUR 35.0 m

EUR 1,450

EUR 4.8 m

24,100 sqm

Development

Capex:

Capex per sqm:

EUR 36.5 m

EUR 1,500

Letting & Delivery

Value:

Value per sqm:

Lettable Area:

Annual rent:

Occupancy:

EUR 133.2 m

EUR 5,500

24,100 sqm

EUR 4.8 m

87%

Mundsburg Tower

In 1973, the three 24-storey buildings were built in the Mundsburg district of Hamburg. Since then, the towers, which are around 100 metres high, have shaped Hamburg’s cityscape with their distinctive design and height. Between 2010 and 2012, the Mundsburg Office Tower with a total area of 9,500 square meters was completely refurbished and awarded the DGNB silver sustainability certificate. Inside the building, the created building structure with high-quality furnishings offers a flexible and diverse room layout with a light-flooded working atmosphere. In addition, the Mundsburg Tower offers a panoramic view over Hamburg that is unparalleled.

Building

Acquisition:

Acquisition Price:

2007

EUR 11.3 Mio.

Start of Development

Value at Start:

Value per sqm:

Annual Rent:

Lettable Area:

EUR 7.0 m

EUR 740

EUR 0.3 m

9,500 sqm

Development

Capex:

Capex per sqm:

EUR 15.6 m

EUR 1,600

Letting & Delivery

Value:

Value per sqm:

Lettable area:

Annual rent:

Occupancy:

EUR 34.2 m

EUR 3,600

9,500 sqm

EUR 1.8 m

88%

Acquisition Profile

A strong portfolio is the basis for strategic growth and we are always looking for attractive investment opportunities. Our focus is exclusively on commercial properties in established locations. We are always interested in property offers that meet our criteria.

Letting

alstria owns and manages a diversified portfolio of prime office properties in attractive locations throughout Germany. We offer modern and sustainable space and are committed to maintaining and developing trustful relationships with our tenants.

Are you looking for a suitable object? Here you will find an overview of our properties.

For individual requirements please contact us personally.