30.01.2017
TLG IMMOBILIEN AG DE000A12B8Z4
DGAP-News: TLG IMMOBILIEN AG transitions its energy supply to green electricity and carbon-neutral gas, effecting a significant reduction in ancillary costs for lettable areas
DGAP-News: TLG IMMOBILIEN AG / Key word(s): Real Estate/Sustainability
TLG IMMOBILIEN AG transitions its energy supply to green electricity and
carbon-neutral gas, effecting a significant reduction in ancillary costs for
lettable areas
30.01.2017 / 07:00
The issuer is solely responsible for the content of this announcement.
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Press release
TLG IMMOBILIEN AG transitions its energy supply to green electricity and
carbon-neutral gas, effecting a significant reduction in ancillary costs
for lettable areas
Berlin, 30 January 2017 - TLG IMMOBILIEN AG has been restructuring its
supply of electricity and gas since the start of 2017. The company plans to
gradually replace all regional and administratively burdensome supply
contracts with a general agreement with the public utility company
MüllheimStaufen GmbH. These measures include the transitioning of its
energy supply to electricity from renewable energy sources and carbon-
neutral natural gas produced using environmentally-friendly production
methods.
The new contract has a term of 5 years. The restructuring of the company's
energy procurement will lower the average allocable energy costs for
tenants across all properties and for the space used by TLG IMMOBILIEN AG
itself by more than 20% in future. It will also reduce the volume of
administrative work required to manage the company's contracts
considerably.
The annual energy requirements of the properties of TLG IMMOBILIEN AG
covered by this contract total approx. 13 GWh of electricity for general,
vacant and administrative space and around 9.6 GWh of energy from gas. This
is equivalent to the energy requirements of 5,580 three-person households
and therefore a small town. By transitioning, TLG IMMOBILIEN AG will cut
its CO2 emissions by around 9,500 tonnes per year.
This measure represents another step towards the sustainable company
management described in detail in the first Sustainability Report published
last year in November. The report is available to download here:
www.tlg.eu > Company > Sustainability
Contact
Christoph Wilhelm Corporate Communications Phone: +49 30 2470 6355 E-Mail: [email protected]About TLG IMMOBILIEN AG TLG IMMOBILIEN AG is a listed leading commercial real estate company in Germany that has been synonymous with real estate expertise for over 25 years. TLG IMMOBILIEN AG generates stable rental income and exhibits low vacancy rates, very good building stock and profits from its local employees' excellent market knowledge. As an active portfolio manager, TLG IMMOBILIEN AG is specialised in commercial properties for office and retail use: it focuses on managing a high-quality portfolio mostly comprising office properties in Berlin, Frankfurt/Main, Dresden, Leipzig and Rostock. The company also has a regionally diversified portfolio of retail properties in highly frequented micro-locations. The portfolio also includes seven hotels in Berlin, Dresden, Leipzig and Rostock. TLG IMMOBILIEN AG's properties stand out not only due to their excellent locations but also because of their long-term rental or lease agreements. According to preliminary figures that have not yet been audited, as at 31 December 2016, the portfolio value amounted to EUR 2.24 bn and EPRA Net Asset Value per share amounted to EUR 18.49. This publication contains future-oriented statements based on current opinions and assumptions of the management of TLG IMMOBILIEN AG made to the best of their knowledge. Future-oriented statements are subject to known and unknown risks, uncertainties and other factors that can lead to the turnover, profitability, target achievement and results of TLG IMMOBILIEN AG differing greatly from those named or described expressly or implicitly in this publication. Due to this, those who come into possession of this publication should not trust in such future-oriented statements. TLG IMMOBILIEN AG accepts no liability and gives no guarantee for the correctness of such future-oriented statements and will not adjust them to future results and developments. This publication contains preliminary financial information for the fiscal year ended 31 December 2016. The auditor of TLG IMMOBILIEN AG, Ernst & Young Wirtschaftsprüfungsgesellschaft GmbH, Stuttgart, has not issued an audit report with respect to this financial information and the audit of such information has not been completed yet. The final financial information for the fiscal year ended 31 December 2016 will be published in the audited consolidated financial statements of the company for the fiscal year ended 31 December 2016. This publication is currently scheduled for 9 March 2017. --------------------------------------------------------------------------- 30.01.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: TLG IMMOBILIEN AG Hausvogteiplatz 12 10117 Berlin Germany Phone: 030 - 2470 - 50 Fax: 030 - 2470 - 7337 E-mail: [email protected] Internet: www.tlg.de ISIN: DE000A12B8Z4 WKN: A12B8Z Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 538941 30.01.2017
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