29.01.2016
TLG IMMOBILIEN AG DE000A12B8Z4
DGAP-News: TLG IMMOBILIEN AG acquires high-quality hotel and office complex in central Dresden for EUR 28.2m
DGAP-News: TLG IMMOBILIEN AG / Key word(s): Real Estate/Contract
TLG IMMOBILIEN AG acquires high-quality hotel and office complex in central
Dresden for EUR 28.2m
29.01.2016 / 10:48
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Press release
TLG IMMOBILIEN AG acquires high-quality hotel and office complex in central
Dresden for EUR 28.2m
- Located directly across from central station - in immediate vicinity of
Prager Straße
- Investment volume approx. EUR 28.2m
- Contractual rent EUR 1.66m p.a.
- Occupancy rate approx. 95%
Dresden/Berlin, 29 January 2016 - TLG IMMOBILIEN AG has acquired a hotel
and office complex in a prominent location within Dresden's city centre.
The seller is JP Commercial XIII S. à. r. l., and the total investment
volume amounted to some EUR 28.2m. The prior asset manager, Prelios
Immobilien Management GmbH, which had developed the office and hotel
complex, conducted the transaction on behalf of the property's owner.
The property is located at Wiener Platz 8/9, 01069 Dresden, directly across
from the central station, immediately adjacent to Prager Straße, one of the
city's busiest pedestrianised high streets. The property has excellent
public transport links, as it is located next to the central station and
the large number of bus and tram stops in the vicinity.
The building was completed in 2008 to a high standard of quality. It has
approx. 12,300 sqm of lettable space in total. At present, 95% of the space
in the building complex has been let. The principal tenant is
InterCityHotel GmbH, a company of the Steigenberger Hotel Group, which
operates a hotel at the location with a total of 162 rooms. Contractual
rent for the property amounts to approx. EUR 1.66m p.a., and the weighted
average lease term (WALT) is around nine years.
"This acquisition is a very good fit for our portfolio. It is a
high-quality property in an excellent location which will generate
attractive cash flows for years to come", said Niclas Karoff, Member of TLG
IMMOBILIEN AG's Management Board. "As one of the largest growth and tourist
hubs in eastern Germany, Dresden offers interesting perspectives for office
landlords and hotel operators alike. In addition, we expect further
enhancement for the micro-location going forward thanks to the immediately
adjacent 'Prager Carrée' development project, which will see a mix of
residential and retail use", said Karoff.
Contact
Christoph Wilhelm Sven Annutsch Corporate Communications Investor Relations Phone: +49 30 2470 6355 Phone: +49 30 2470 6089 E-Mail: [email protected] E-Mail: [email protected]About TLG IMMOBILIEN AG TLG IMMOBILIEN AG is a stock exchange-listed leading commercial real estate company focusing on Berlin and growth regions in eastern Germany. For 25 years, TLG IMMOBILIEN AG has been synonymous with real estate expertise in Germany's East. 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. TLG IMMOBILIEN AG focuses on managing a high-quality portfolio of office properties in Berlin and other regional economic centres, as well as a regionally diversified portfolio of retail properties in highly frequented micro locations. The portfolio also includes five hotels in Berlin, Dresden and Rostock. TLG IMMOBILIEN AG's properties stand out not only due to their excellent locations but also because of their very long-term rental or lease agreements. As at 30 September 2015, the value of the properties under IFRS totalled EUR 1.767bn. As at the same reporting date, the EPRA Net Asset Value per share amounted to EUR 16.90. --------------------------------------------------------------------------- 29.01.2016 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. Media archive at www.dgap-medientreff.de and 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 End of News DGAP News Service --------------------------------------------------------------------------- 433127 29.01.2016
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
TLG IMMOBILIEN AG ISIN: DE000A12B8Z4 können Sie bei EQS abrufen
Immobilien (Gewerbe) , A12B8Z , TLG , HAM:TLG