Prime Office REIT AG : Prime Office REIT-AG sells office building in Stuttgart-Fellbach

This press release or the information contained therein is not being issued and may not be distributed in the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in such countries.

01/20/2014

DGAP-News: Prime Office REIT-AG sells office building in Stuttgart-Fellbach

DGAP-News: Prime Office REIT-AG / Key word(s): Real Estate/Disposal
20.01.2014 / 07:30

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THE INFORMATION CONTAINED HEREIN IS NOT FOR DIRECTLY OR INDIRECTLY PUBLICATION IN THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA.
Prime Office REIT-AG sells office building in Stuttgart-Fellbach
- Office building in Philipp-Reis-Strasse 2 in Stuttgart-Fellbach sold for EUR 34.0 million
- Sale strengthens the equity ratio and decreases the leverage ('LTV') of Prime Office REIT-AG prior to the planned merger into OCM German Real Estate Holding AG (the future 'Prime Office AG')

Munich, 20. January 2014. Prime Office REIT-AG ('Prime Office') sold an office building in Philipp-Reis-Strasse 2 in Stuttgart-Fellbach for EUR 34.0 million.

The purchase contract was notarised on 17 January 2014. The sale enables the property company to further strengthen its equity ratio prior to the planned merger of Prime Office into OCM German Real Estate Holding AG (the future 'Prime Office AG') and to sustainably decrease its LTV.
'We are pleased that we could once more strengthen our equity base by selling the property in Stuttgart-Fellbach prior to the upcoming merger and to decrease our leverage further' says Alexander von Cramm, member of the executive board of Prime Office.

The modern office building is situated centrally in the office park in Stuttgart-Fellbach and has a rentable space of 19,854 square metres. The property is let long-term until 31 December 2020 to the Regional Authority for Compensation and Retirement of the State of Baden-Wuerttemberg.

Contacts

Prime Office REIT-AG
Richard Berg
Director Investor Relations / Corporate Communications Hopfenstraße 4
80335 Munich

Telephone  [phone]
Facsimile +49. 89. 710 40 90 99
Email   [e-mail]

Disclaimer
This document constitutes neither an offer to sell nor a solicitation to buy or subscribe for securities. Any such offer will be made solely on the basis of the securities prospectus yet to be approved by the German Financial Supervisory Authority (BaFin) and published thereafter. The information legally required to be provided to investors will be contained only in the securities prospectus.
The information contained herein is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions of any State of the United States of America or the District of Columbia) and must not be distributed to 'U.S. persons' (as defined in Regulation S under the U.S. Securities Act of 1933, as amended ('Securities Act')) or publications with a general circulation in the United States of America. This document is not an offer of securities for sale in the United States of America. The securities have not been and will not be registered under the Securities Act and may not be offered or sold absent registration or an exemption from registration under the Securities Act. The Issuer does not intend to register any portion of the offering in the United States of America or to conduct a public offering of the securities in the United States of America.
This document is not an offer of securities for sale in the United States of America, Canada, Japan or Australia.

End of Corporate News

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Language: English Company: Prime Office REIT-AG Hopfenstraße 4 80335 München Germany Phone: [phone] Fax: [phone] E-mail: [e-mail] Internet: www.prime-office.ag ISIN: DE000PRME012 WKN: PRME01 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), München, Stuttgart; Freiverkehr in Berlin, Düsseldorf  

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