DGAP-News: DO Deutsche Office AG: BNP Paribas leases 1,533

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Apr 30, 2015 at 1:45 AM

DGAP-News: DO Deutsche Office AG: BNP Paribas leases 1,533 square metres in the KASTOR TOWER in Frankfurt

DGAP-News: DO Deutsche Office AG / Key word(s): Real Estate/Contract DO Deutsche Office AG: BNP Paribas leases 1,533 square metres in the KASTOR TOWER in Frankfurt 30.04.2015 / 07:30 --------------------------------------------------------------------- Cologne, Frankfurt April 30, 2015. DO Deutsche Office AG ("Deutsche Office") entered into a lease contract with the international BNP Paribas Group for a space of 1,533 square metres (sqm) in the KASTOR TOWER in Frankfurt. The office building is conveniently located right next to the Frankfurt Exhibition Center (Am Platz der Einheit 1). The lease period was contractually established for 66 months and begins on July 1, 2015. The BNP Paribas Group as the tenant received counsel and assistance from its own subsidiary BNP Paribas Real Estate. "A lease contract for an entire floor in the KASTOR TOWER in Frankfurt signifies another successfully negotiated lease for us. Leasing this office space to the international financial service provider BNP Paribas highlights the quality and highly visible location of the property," says JÃ¼rgen Overath, the Spokesman of the Board of Deutsche Office. BNP Paribas is an international bank with four domestic markets in Europe, namely Belgium, France, Italy, and Luxemburg. It has 185,000 employees in 75 countries worldwide. The BNP Paribas Group has been operating in Germany already since 1947. In Germany, approximately 4,200 employees at 19 locations work with private customers, companies, and institutional clients. The newly leased office space will serve as an expansion area for the existing branch on Europa-Allee in Frankfurt, barely a 5-minute walk from the KASTOR TOWER. The KASTOR TOWER at Platz der Einheit 1 in Frankfurt am Main is a high-rise containing a total of 30,000 sqm in rental space. Spread out over 22 stories are standard-sized spaces of 1,443 sqm and 785 sqm. The office spaces are supplemented by a large rooftop terrace on the 21st floor and an underground garage with 344 parking spaces. With a gold LEED certification, the KASTOR TOWER's office spaces allow for the planning of a configuration of the utmost flexibility. Whether opting for modern or conventional office layouts, combined or cubicle offices, the building's innovative floorplan offers unlimited possibilities to ensure maximum efficiency. Letting Contact: DO Deutsche Office AG JÃ¶rg Kesting Head of Asset Management Email jkesting@deutsche-office.de Telephone +49 (0)221 - 888 29 210 Corporate contact: DO Deutsche Office AG Richard Berg Head of Investor Relations & Corporate Communications Email rberg@deutsche-office.de Telephone +49 (0)221 - 888 29 160 About Deutsche Office Deutsche Office is a leading, on the SDAX index listed office property company, focussing on German metropolitan regions and conurbations. As at 31 December 2014, its geographically diversified real estate portfolio contained 51 properties held as investment properties, with a total rental area of about 900,000 square metres and an attractive and broad tenant base. As at 31 December 2014, the properties had a market value of about EUR 1.8 billion. Deutsche Office's business model is based on the profit-oriented asset management of office properties in German metropolitan regions, underpinned by investment to increase and to maintain the value of the properties in the portfolio. The strategy also includes the acquisition of properties with potential for appreciation as well as exploiting potential sales opportunities, which are applied throughout the entire property cycle in order to capitalise the appreciation achieved and to invest in new properties. Additional information on Deutsche Office is available online at: http://deutsche-office.com --------------------------------------------------------------------- 30.04.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: DO Deutsche Office AG Maarweg 165 50825 KÃ¶ln Germany Phone: +49 (0)221 88829 100 Fax: +49 (0)221 88829 299 E-mail: info@deutsche-office.de Internet: www.deutsche-office.de ISIN: DE000PRME020 WKN: PRME02 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 351119 30.04.2015

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