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Press release

alstria leases 7,700 sqm in Dsseldorf

- State of North Rhine-Westphalia leases asset in Hans-Bckler-Strasse 36 on a long-term basis

- New lease crystallises internal growth potential

- New contract is one of the largest leases in Dsseldorf year to date

Hamburg, June 13, 2013 - alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT, announces the signing of a lease for its asset in Hans-Bckler-Strasse 36, Dsseldorf.

With the successful lease-up of the building located in Hans-Bckler-Strasse 36, Dsseldorf, alstria signed one of the largest new leasing contracts in Dsseldorf this year. The Company agreed on a long-term lease for the entire building with the State of North Rhine-Westphalia for the accommodation of a regional finance office (Finanzamt Dsseldorf-Nord). The lease will start in the first half of 2014.

alstria acquired the short-term leased asset in mid-2011 from the Dutch real estate company VastNed. The new long-term lease was signed 18 months after the former tenant ERGO Versicherung vacated the building.

The new leasing contract is a major success to alstria's local team in Dsseldorf, which was established less than one year ago. The letting of the 7,700 sqm building (plus 119 parkings) reduces the vacancy in alstria's Dsseldorf portfolio by approximately 40% in one shot and will contribute to the Company's internal growth from 2014 onwards. The leasing success is based on the combination of a well located, high-quality building, alstria's competitive pricing in the leasing market and the Company's strong and proven asset management expertise.

See the original post here:
DGAP-News: alstria office REIT-AG: alstria leases 7,700 sqm in Düsseldorf