30.03.2016
TLG IMMOBILIEN AG DE000A12B8Z4
DGAP-News: TLG IMMOBILIEN AG acquires centrally located office property in Leipzig for approx. EUR 57 m
DGAP-News: TLG IMMOBILIEN AG / Key word(s): Acquisition/Real Estate
TLG IMMOBILIEN AG acquires centrally located office property in Leipzig for
approx. EUR 57 m
30.03.2016 / 07:02
The issuer is solely responsible for the content of this announcement.
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Press release
TLG IMMOBILIEN AG acquires centrally located office property in Leipzig for
approx. EUR 57 m
- Total investment volume approx. EUR 57 m
- Contractual rent: EUR 3.3 m p.a.
- Property fully let, publicly-owned main tenant
Leipzig/Berlin, 30 March 2016 - TLG IMMOBILIEN AG has acquired a centrally
located office property in Leipzig. The company invested a total of approx.
EUR 57 m in the transaction. The seller is an institutional investor; HVB
Immobilien AG transacted the sale on behalf of the seller as its asset
manager.
The modern office building is centrally located in Leipzig and fully let.
The main tenant is a publicly-owned company. The property's inner-city
location on one of the city's main arteries and its excellent public
transport links set the office building apart. The property also has an
underground car park.
Taken together, the tenants generate annual contractual rent of EUR 3.3 m.
The weighted average lease term (WALT) is 9.5 years.
"Leipzig is one of the most promising cities for investments in office
properties in eastern Germany", said Niclas Karoff, member of TLG
IMMOBILIEN AG's Management Board. "We are pleased to have acquired this
valuable property, which has an excellent rental situation and represents a
further expansion of our portfolio in Leipzig."
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 over 20 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 31 December 2015, the value of the properties under IFRS totalled EUR 1,766 bn. As at the same reporting date, the EPRA Net Asset Value per share amounted to EUR 17.37. --------------------------------------------------------------------------- 30.03.2016 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 --------------------------------------------------------------------------- 449223 30.03.2016
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