Another long-term lease extension for BMW Design Center in Munich

PRESS RELEASE
Another long-term lease extension for BMW Design Center in
Munich
− Lease with Semcon-Group prolonged early until September 2022
− Total letting performance since the beginning of 2012 increases to about 32,000 square
metres
Munich, 27 November 2012. Prime Office REIT-AG ("Prime Office"), a leading listed property
company with REIT status focused on investments and management of prime office properties
in Germany, prolonged the Semcon-Group's lease in the BMW Design Center in Munich ahead
of schedule. The new lease now runs until September 2022. Semcon in Munich is the German
subsidiary of the globally operating, listed Swedish F&E services provider with about 3,000
employees; it focuses mainly on automotive F&E.
Semcon is occupying about 3,600 square metres of the overall about 8,200 square metres of
usable space in the building located in the Hufelandstrasse. The lease with Semcon-Group
would originally have expired in September 2017 and was prolonged early at unchanged terms
and conditions. It now has an overall duration of ten years and runs until September 2022. This
is the second lease prolongation with a tenant of the BMW Design Center this year. In June
2012, Prime Office had already extended the lease with Bayerische Motoren Werke
Aktiengesellschaft (“BMW“) to the end of September 2023.
This new contract brings the total space leased in financial year 2012 to about 32,000 square
metres, which represents 8.2 percent of the overall rental space of the portfolio.
„The early and long-term prolongation of leases in our properties is testament to our good
relationship with our tenants and the strong quality of our portfolio,” says Claus Hermuth, CEO
of Prime Office REIT-AG.

Contact details
Prime Office REIT-AG
Richard Berg
Director Investor Relations / Corporate Communications
Hopfenstraße 4
80335 Munich
Telephone +49. 89. 710 40 90 40
Facsimile +49. 89. 710 40 90 99
Email richard.berg@prime-office.de
About Prime Office REIT-AG
Prime Office REIT-AG (Symbol: PMO, ISIN DE000PRME012) with headquarters in Munich is a
leading property firm focusing on investments in high quality office buildings in Germany as well
as their facility and property management. The company's portfolio consists of 14* office
properties in central locations across major cities and conurbations in Western Germany with a
total useable area of approximately 384,000 square metres. According to a valuation performed
by the property surveyor CB Richard Ellis, the 14 properties had a total market value of
approximately 963.1 million euro as at 30 June 2012. The property portfolio of Prime Office
consists exclusively of individual buildings in special locations. All holdings are select modern
office properties with an attractive architecture and quality fit-out. The portfolio is broadly
diversified across locations and tenants. The properties are rented long-term to high creditquality
tenants. Prime Office REIT-AG intends to generate stable long-term rental income using
a return-oriented approach to managing the existing portfolio based on broad property, location
and tenant diversification. Rental income is also expected to grow consistently through the
addition of suitable individual properties. The company plans to become a leading specialised
REIT for prime office properties in Germany.
* Economic ownership of Imtech Headquarters, Hamburg, will be transferred to the buyer on
31 December 2012
For additional information on Prime Office REIT-AG please visit us on the Internet on:
www.prime-office.de
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