Supervisory Board extends executive contracts of Olivier Elamine and Alexander Dexne
Extension of executive contracts by another five years
The Supervisory Board of alstria office REIT-AG extended the contracts of CEO Olivier Elamine and CFO Alexander Dexne for another five years until December 31, 2017. By the early extension of the executive contracts the Supervisory Board confirms the successful work of alstria's senior management and secures the continuity of alstria's management.
"Olivier Elamine and Alexander Dexne have very successfully navigated the company through a difficult economic environment over the past years," said Alexander Stuhlmann, Chairman of the Supervisory Board of alstria office REIT-AG. "We look forward to continuing the successful collaboration and a successful business development in the coming years."
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.
alstria office REIT-AG
alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. The Company owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 80 properties with an aggregate lettable space of approx. 862,000 sqm and is valued at approximately EUR 1.5 bn. The alstria office REIT-AG strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key customers and decision makers. alstria focuses on long-term real estate value creation.
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