alstria office REIT
alstria office REIT, founded 2006 in Hamburg, operates German office real estate assets and an advisory subsidiary. In 2025 it exited REIT-AG status, completed full delisting, and re-domiciled to Luxembourg as a private company.
- Company typePrivate
- Founded2006
- HeadquartersHamburg, Germany
- Headcount101–250
- GTM typeB2B
- OfferingServices
What alstria office REIT does
alstria office REIT (formerly alstria office AG) is a European commercial real estate company originally established in 2006 in Hamburg, Germany as a publicly listed REIT focused on the ownership and operation of office properties. Following a comprehensive 2025 corporate restructuring, the company exited German REIT-AG regulatory status, completed a full delisting from public markets (former ticker etr:AOX), and migrated its corporate seat and headquarters from Hamburg to Luxembourg, transitioning to a privately held operating configuration.
The core operating model is ownership and management of office real estate generating recurring rental income from corporate tenants, with tenant contracts typically structured as multi-year commercial leases. Ancillary real estate advisory services are delivered through the company's subsidiary, alstria advisors GmbH, providing a service-based revenue stream that complements property-level rental economics. Capital intensity is high given the asset-heavy balance sheet typical of European office landlords, while headcount (101-250 employees) is modest relative to underlying asset value, indicating a centralized, capital-rather-than-labor-intensive operating model.
The post-restructuring corporate structure positions alstria as a private European real estate operating company with a Luxembourg corporate seat, German operating real estate exposure, and an in-house advisory arm. The company is led by founder and CEO Olivier Elamine and serves institutional and corporate tenants occupying its office portfolio; no public-market disclosure obligations remain following delisting.
alstria office REIT firmographics
Firmographics- Name
- alstria office REIT
- Legal name
- alstria office AG
- Website
- https://alstria.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- alstria office REIT, founded 2006 in Hamburg, operates German office real estate assets and an advisory subsidiary. In 2025 it exited REIT-AG status, completed full delisting, and re-domiciled to Luxembourg as a private company.
- Ownership category
- akta.pro rank
alstria office REIT industry classification
Industry- Product category
- Commercial Real Estate (Office Properties)
- NAICS
- Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (5312)
- SIC
- Real Estate (6500), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Office Real Estate Asset Management (BPAJAMAG)
- akta.pro secondary industry
- Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK)
Keywords
Where alstria office REIT is headquartered
LocationHeadquarters
- HQ city
- Hamburg
- HQ country
- Germany
- HQ region
- Europe
Offices2 records
Markets served
alstria office REIT business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel
Revenue model
- Office Property Rental Income: As a former REIT (exited REIT status in 2025), alstria office AG generated revenue primarily through leasing and rental income from its office property portfolio in Germany.
alstria office REIT product offering
Product offeringCore offering
alstria office AG operates as a real estate investment company focused on owning, leasing, and managing a portfolio of office properties in Germany. Following its 2025 transition (REIT status exit and full delisting), the company continues commercial office leasing operations and provides related advisory services through its wholly-owned subsidiary alstria advisors GmbH.
Differentiator
Problem solved
Functional benefit
Products and services
- Office Property Leasing
Companies that use alstria office REIT
Customer profileIdeal customer profiles1 record
alstria office REIT technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
alstria office REIT partnerships and signals
Strategic signalScale indicators1 record
Recent moves6 records
Expansion highlights2 records
alstria office REIT competitors and assessment
Company assessmentDirect peers
- Icade: Icade is a French REIT combining office properties with healthcare real estate, headquartered in Paris. Comparable to alstria as a European institutional owner of office assets with a portfolio-management approach, though Icade is partially state-owned and broader in scope.
- DIC Asset AG: DIC Asset AG is a German commercial real estate company managing office, logistics, and mixed-use properties across Germany. Comparable to alstria as a German-focused owner and manager of office real estate with an integrated asset-management platform.
- Colonial (Société Foncière Lyonnaise / Inmobiliaria Colonial): Inmobiliaria Colonial is a European REIT specializing in prime office properties across Spain, France, and other European CBDs. Directly comparable to alstria as a publicly listed office landlord leveraging institutional capital to invest in CBD office assets across Europe.
- Aroundtown (Aroundtown Property Holdings): Aroundtown is a European listed real estate company with significant German office and hotel exposure, headquartered in Luxembourg. Directly comparable to alstria as a German-centric commercial real estate owner adopting Luxembourg HQ and operational hubs.
- CA Immobilien Anlagen: CA Immobilien Anlagen (CA Immo) is a Central European REIT focused on flexible office, retail, and mixed-use properties in Germany, Austria, and CEE. Directly comparable to alstria as a publicly traded office REIT with significant German office exposure, a similar portfolio scale, and the same exposure to European office demand cycles.
- HAMBORNER REIT: HAMBORNER REIT is a small-cap German REIT listed on the Frankfurt Stock Exchange, focused on retail and office properties in German mid-sized cities. Comparable to alstria as a publicly traded German REIT with similar scale, German commercial real estate focus, and tax-advantaged structure.
- Cofinimmo: Cofinimmo is a Belgian REIT historically focused on offices and increasingly shifting toward healthcare real estate. Comparable to alstria as a continental European publicly listed landlord transitioning its office exposure while managing institutional capital.
- Gecina: Gecina is one of Europe's largest publicly listed office REITs, focused on premium office properties in Paris and major French cities. Directly comparable to alstria as a specialized European office landlord with a portfolio-driven, rental-income business model targeting institutional-grade occupiers.
Emerging players
- VERIANOS Real Estate AG: VERIANOS is a smaller German-listed real estate investment and advisory firm focused on commercial real estate transactions and structuring. Comparable to alstria as a German commercial real estate investment and advisory boutique, though significantly smaller and more transaction-oriented.
Broad incumbents
- Deutsche EuroShop: Deutsche EuroShop is a German REIT that exclusively owns shopping centers across Europe. Comparable to alstria as a German-listed REIT focusing on a single commercial real estate asset class, providing a useful read on German commercial real estate investor appetite.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat2 records
Key risks6 records
Key highlights5 records
Customer concentration
alstria office REIT social profiles
Digital presencealstria office REIT financial estimates
Financial estimateRevenue estimate
Valuation estimate
alstria office REIT leadership team
Management profileNumber of profiles
Profiles1 record
alstria office REIT subsidiaries and ownership
Company hierarchySubsidiaries1 record
alstria office REIT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
alstria office REIT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about alstria office REIT
What does alstria office REIT do?
alstria office AG operates as a real estate investment company focused on owning, leasing, and managing a portfolio of office properties in Germany. Following its 2025 transition (REIT status exit and full delisting), the company continues commercial office leasing operations and provides related advisory services through its wholly-owned subsidiary alstria advisors GmbH.
Is alstria office REIT a public or private company?
alstria office REIT is a private company. It is classified as unknown and is currently operating.
When was alstria office REIT founded?
alstria office REIT was founded in 2006. It employs 101 to 250 people.
Where is alstria office REIT based?
alstria office REIT is headquartered in Hamburg, Germany, in the Europe region.
How does alstria office REIT make money?
One revenue line is on record: office Property Rental Income.
Who are alstria office REIT's main competitors?
Direct peers on record are Icade, DIC Asset AG, Colonial (Société Foncière Lyonnaise / Inmobiliaria Colonial), Aroundtown (Aroundtown Property Holdings), CA Immobilien Anlagen, HAMBORNER REIT, Cofinimmo and Gecina. VERIANOS Real Estate AG is listed as an emerging player. Deutsche EuroShop is listed as a broad incumbent.
Does alstria office REIT have an API?
No public API is recorded for alstria office REIT.
What industry is alstria office REIT in?
alstria office REIT's product category is Commercial Real Estate (Office Properties). Its primary akta.pro industry code is BPAJAMAG, Office Real Estate Asset Management, with a secondary code of BPAJAMAK, Real Estate Investment Management (Acquisitions & Dispositions). Its NAICS code is 53131 and its SIC code is 6500.