alstria office REIT-AG published first sustainability report
- First sustainability report lays the foundation for a continuous reporting on sustainability
- Report demonstrates alstria's engagement in sustainability and its holistic business approach
alstria office REIT-AG, an internally managed Real Estate Investment Trust (REIT), has published its first sustainability report. This report is a natural step following alstria's continuous engagement in national and international initiatives with respect to sustainability. The report compiles CSR data for the years 2007 to 2009. It testifies alstria's holistic business approach in terms of economical, environmental and social aspects. The document also provides a different view of alstria's P&L and balance sheet and gives new information on the performance of the assets or the diversity of alstria's team. The sustainability report has been drafted in accordance with the Global Reporting Initiative G3 guidelines and is self-declared C. alstria is the first German real estate company to publish such a report. The Company plans to continue its reporting on the improvement and overall performance related to CSR on an annual basis. More information on the sustainability report is available on www.alstria.com/sustainability.
"We are very proud to be the first German real estate company to publish a sustainability report in accordance with Global Reporting Initiative G3 guidelines", said Olivier Elamine, CEO of alstria office REIT-AG. "As real estate business has a long-term character by nature, sustainability has always been an essential part of alstria's business model. We firmly believe that finding the right balance between economical, environmental and social aspects is a key factor for the long-term success of a real estate company."
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 forwardlooking 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. alstria office REIT-AG owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 70 properties with an aggregate lettable space of approx. 780,000 sqm and is valued at approximately EUR 1.4 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.