PRESS RELEASE

alstria office REIT AG announces new lease with RIB Software GmbH at Stuttgart’s transforming Sternhöhe Campus

Hamburg, May 22, 2024 – alstria office REIT is pleased to announce a new lease agreement with RIB Software GmbH, a leading provider of technology solutions for the construction industry and a subsidiary of Schneider Electric. RIB Software GmbH will occupy approximately 3,200 square meters in Building 2 of the evolving Sternhöhe Campus, pushing the building’s occupancy to around 80%.
 
Campus Transformation: Originally designed as a corporate headquarters, Sternhöhe is undergoing a transformation under alstria’s management to cater to the modern needs of dynamic technology companies such as RIB Software GmbH. The campus redesign emphasizes a modern work environment, supporting innovative and flexible work styles. Features include modern open-space workstations, meeting rooms, and a central atrium that acts as a vibrant marketplace for interaction among employees and tenants.
 
Sustainability and Connectivity Commitment: The redevelopment follows principles of low-carbon design, using the existing structural elements while modernising interiors, fire safety, and building technologies to meet contemporary standards. The campus is on track to achieve a DGNB Gold certification for its sustainability efforts. Additionally, it features state-of-the-art digital infrastructure with a WiredScore Platinum certification and will soon offer exclusive electric vehicle charging stations. alstria is committed to converting the entire Sternhöhe campus to run exclusively on renewable energy by 2030, emphasising its commitment to environmental stewardship. This last commitment was a key decision factor for RIB when choosing their new office location.
 
Amenities and Work-Life Balance: Sternhöhe continues to offer a range of amenities that promote a healthy work-life balance. These include a contemporary restaurant with both indoor and outdoor seating, an on-site kindergarten to support working parents, various bookable spaces for conferences and project work, extensive landscaped areas for relaxation and informal gatherings, and on-site sports facilities.
 
The lease was brokered by Cushman & Wakefield.

alstria office REIT-AG
Steinstrasse 7
20095 Hamburg, Germany    

Further Information 
www.alstria.com
www.sternhoehe.de
www.beehive.work
www.linkedin.com/company/alstria-office-reit-ag

About alstria

alstria office REIT AG is the leading real-estate operator focusing solely on German office property in selected German markets. Our strategy is based on the ownership and an active management of our properties throughout their entire life cycle, strong added-value services to our customers and deep knowledge of the markets in which we operate. alstria strives for sustainable long-term value creation while taking advantage of short-term arbitrage of inefficiencies in the real estate markets. 

Disclaimer
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.