WIRTGEN INVEST ACQUIRES SHARES IN ALSTRIA OFFICE REIT AG.
WIRTGEN INVEST has acquired a package of shares in Alstria Office REIT AG. Alstria Office REIT is a leading real estate manager in Germany with an exclusive focus on office real estate in attractive German core regions. The firm is characterised by a solid balance sheet structure and a high dividend pay-out ratio. Office real estate is held over the long term, with values enhanced through modernisation.
The investment recently became an attractive one as a result of the comparatively high discount on the share price to net asset value for office properties in predominantly very good locations in the top cities in Germany. The foreseeable end of the coronavirus crisis is soon expected to revive the market for office real estate. Above all, however, globally abundant liquidity is likely to drive an urgent search for valuable investment targets, ensuring a continued upwards trend in real estate pricing.