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alstria office REIT-AG Fuhlentwiete 12 20355 Hamburg, Germany http://www.alstria.de
Contact Mr Ralf Dibbern +49 40 226341329
Company logo of alstria office REIT-AG
alstria office REIT-AG

alstria enters sale and leaseback transaction with Württembergische Lebensversicherung AG

Office complex in Karlsruhe to be acquired by alstria / Württembergische Lebensversicherung AG to lease back the asset / FFO increases by EUR 3 million p.a.

(PresseBox) (Hamburg, )
alstria office REIT-AG, an internally managed Real Estate Investment Trust (REIT), has agreed to acquire an office complex located in Karlsruhe. The asset will be leased back by the seller under a 15 years lease, securing Württembergische Lebensversicherung AG's commitment to Karlsruhe for the long term.

Württembergische Lebensversicherung AG (S&P Rating: BBB+/stable) is one of the leading life insurance companies in Germany and part of the W&W-Group, which has more than 6 million customers and ranks among the Top 10 German insurance groups.

The total transaction costs to alstria are around EUR 36.2 million1. The office complex which is located
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.