alstria office REIT-AG Blog

Mr. Elaminé, very interesting original post, very ...

2012-05-24T15:37:51.566+02:00

Mr. Elaminé, very interesting original post, very convincing reasoning.

I was just wondering whether the unknown variable that could explain the surprising value differential might be something more down-to-earth than the "environmental considerations" that Ms. Cudworth is mentioning:

Heatings costs.
They will hopefully be lower for the "green"

The IPD France Green Building Indicator is the 3rd...

2012-05-23T17:14:36.421+02:00

The IPD France Green Building Indicator is the 3rd attempt from IPD to produce a financial performance index of "green" properties.

Our first is the IPD UK Sustainable Property Indicator (ISPI UK) which has never firmly concluded a performance differential for green and non-green properties.

In Australia, we have the IPD Australia Quarterly Green Property Index

There are certainly a couple more details to take ...

2012-04-06T08:38:52.920+02:00

There are certainly a couple more details to take into consideration, but thank you for sharing this information.

Dear Mr Roth, I do not think that we disagree. ...

2011-08-30T21:52:57.175+02:00

Dear Mr Roth,

I do not think that we disagree. You are absolutely right to mention that a large transaction is almost always done at a discount to the prevailing share price. I actually do mention that in my post, and this is also my experience:

"Although in these processes the price achieved is usually lower than the screen price (the “infamous” discount) during the

Dear Olivier, I appreciate the openness to discus...

2011-08-30T18:03:28.570+02:00

Dear Olivier,

I appreciate the openness to discussion and the effort to try to explain your view in details.

Unfortunately, I have to disagree on the argument that shares can be issued without a subscription right and without a free lunch. Reality speaks against this, there is ALWAYS a discount. IMO there are two reasons for this

1. The laws of supply and demand

You got a really useful blog I have been here read...

2011-07-14T10:57:19.378+02:00

You got a really useful blog I have been here reading for about an hour. I am a newbie and your success is very much an inspiration for me.

The rules that prevent US investors from accessing...

2011-04-18T21:23:13.608+02:00

The rules that prevent US investors from accessing foreign offering materials unless the offering is registered with the SEC need to be revised. They make absolutely no sense and harm rather than protect US investors by denying them access to material information that they need to make an investment decision. As things stand, to access any information about the recent offering, an investor based

I don't share the experience that only a very ...

2011-04-18T18:28:00.914+02:00

I don't share the experience that only a very few real estate stakeholders use social media. But I definitely agree that it will be more in the future.

And I made the same experience with lawyers. The "problem" are investors in the country where social media were invented: USA. They should be "protected" from further investments - even if they are already

I have read most of the blog posts so far and foun...

2011-04-04T10:40:43.252+02:00

I have read most of the blog posts so far and found them usually very interesting and enlightening.

As an Alstria shareholder since 2008, I cannot agree to this post.

In the case of the capital increases in order with subscription rights, the discount offered in comparison to the current share price is NOT equal to the cost of capital.

Rather the discount of the

10. Move over there asap

2010-12-11T12:23:02.433+01:00

10. Move over there asap

On your link the document can only be downloaded a...

2010-08-19T10:02:39.854+02:00

On your link the document can only be downloaded as a registered user. Here is another source:
www.ukgbc.org/site/document/download/?document_id=739

Isn't it a considerable challenge to resist th...

2010-03-08T09:03:44.294+01:00

Isn't it a considerable challenge to resist the temptations the capital markets exert on corporations? Corporate greed is one thing, the power of investors to superimpose their greed on Boards and management right another. Let the helms of corporations worldwide be manned by officers who stand up to find the balance between their huge environmental and social resonsibilities and the only way

Interesting. I wouldn't have thought it was th...

2009-07-17T17:51:21.058+02:00

Interesting. I wouldn't have thought it was that difficult to determine the size of an asset's area (let alone the number of parking spaces). Regarding the city of Hannover: It would be interesting to know what methods they used to calculate the size of the real estate market. Is there any simple explanation for the huge difference?

Really nice article. Code is - Legal advice forum

Olivier, I fully agree with your view. Further m...

2009-06-14T21:21:37.998+02:00

Olivier,

I fully agree with your view. Further more, the General Growth Properties bankruptcy in the US, will have long-term problematic consequences for securitization in general and CMBS in particular.

GGP owns over 200 properties, 158 of which were included in the bankruptcy.
Of the 158, roughly 90 are held within CMBS and CRE CDOs. These deals have mortgages with

I fully agree. Further more, the General Growth Pr...

2009-06-14T20:06:16.670+02:00

I fully agree. Further more, the General Growth Properties bankruptcy in the US, will have long-term problematic consequences for securitization in general and CMBS in particular.

GGP owns over 200 properties, 158 of which were included in the bankruptcy.
Of the 158, roughly 90 are held within CMBS and CRE CDOs. These deals have mortgages with outstanding balances of about $9.5

Hallo Olivier. I cannot say I agree. Forcing banks...

2009-04-03T10:00:00.000+02:00

Hallo Olivier. I cannot say I agree. Forcing banks - or other financial institutions - to mark assets to market at times when the market is in a dramatic under-valuation (compared with longterm valuations) also forces them to provide more equity capital - which in turn prevents them from lending. I think that although mark-to-market is and was a great idea, we have to be sensible enough to deal

With Alstria's current, hugely depressed share pri...

2009-03-27T15:48:00.000+01:00

With Alstria's current, hugely depressed share price it is looking like a sexy lonely lady awaiting for Mr. Right...therefore go for it!

Times have definitely changed. German properties a...

2009-03-18T15:36:00.000+01:00

Times have definitely changed. German properties are like Gold: As far as everybody celebrates a big party, no one is interested in Gold. Everyone just looks out for sparkling diamonds. But when the party´s over, you´re happy to have Gold in your portfolio. It´s stable and gives you secureness - even when every other asset loses its value. But Olivier: wouldn´t you also go on to celebrate a party

Dear Olivier,

I really like your initiative...

2009-03-06T14:55:00.000+01:00

Dear Olivier,

I really like your initiative of starting a blog like this. In my opinion, communication is desperately needed in these times of uncertainty and the way I see this, you are making the right move.

I'm very sorry to criticise at this point, but I have two things on my mind, while reading your latest blog entry.

First, your intention to provide interested

I agree with you - and most of german real estate ...

2009-03-05T11:46:00.000+01:00

I agree with you - and most of german real estate companies seem to have trouble, according to what reits in deutschland wrote today:

04.03.2009
Umschuldungsbedarf

Unter den zehn größten Immobilienholdings hätten sieben Unternehmen eine Schuldenquote von mehr als 65 Prozent, berichtet Bloomberg.
"Deutschlands Immobilienunternehmen kämpfen ums Überleben",

congrats. was a nice event!

2009-03-02T09:40:00.000+01:00

congrats. was a nice event!

Congratulations on starting this blog. I look forw...

2009-02-23T09:50:00.000+01:00

Congratulations on starting this blog. I look forward to following the conversations that will develop here.

alstria office REIT-AG Blog

Mr. Elaminé, very interesting original post, very ...

The IPD France Green Building Indicator is the 3rd...

There are certainly a couple more details to take ...

Dear Mr Roth, I do not think that we disagree. ...

Dear Olivier, I appreciate the openness to discus...

You got a really useful blog I have been here read...

The rules that prevent US investors from accessing...

I don't share the experience that only a very ...

I have read most of the blog posts so far and foun...

10. Move over there asap

On your link the document can only be downloaded a...

Isn't it a considerable challenge to resist th...

Interesting. I wouldn't have thought it was th...

Really nice article. Code is - Legal advice forum

Olivier, I fully agree with your view. Further m...

I fully agree. Further more, the General Growth Pr...

Hallo Olivier. I cannot say I agree. Forcing banks...

With Alstria's current, hugely depressed share pri...

Times have definitely changed. German properties a...

Dear Olivier,I really like your initiative...

I agree with you - and most of german real estate ...

congrats. was a nice event!

Congratulations on starting this blog. I look forw...

Dear Olivier,

I really like your initiative...