Prime Office AG leases more than 10,000 square metres in Stuttgart-Möhringen

Prime Office AG ("Prime Office"), a leading property firm focused on investments and management of prime office properties in Germany, today concluded two leases in its Stuttgart-Möhringen property with Cenit AG and Hochtief Solutions AG for an overall 10,100 square metres.

Cenit AG is a leading advisory and software specialist for the optimisation of business processes. The company's existing lease expires by the end of 2011, however a new 10 year lease for about 7,500 square metres could be concluded. Prime Office could also win Hochtief Solutions AG, a subsidiary of the internationally leading construction services firm Hochtief AG, as a new tenant. The lease for about 2,600 square metres will commence on 1 December 2011 and run for five years. In addition, Prime Office received a letter of intent for a new 15 year lease for approximately 1,000 square metres in this property.

Prime Office had started the marketing activities for the Stuttgart-Möhringen-based office compound "Emporia" in January 2011 with Jones Lang LaSalle as the lead broker. The building compound offers approximately 25,000 square metres of usable space.