23.06.2016
TLG IMMOBILIEN AG DE000A12B8Z4
DGAP-News: TLG IMMOBILIEN AG lets approx. 1,600 sqm in office space in Berlin at Alexanderstraße 1, 3, 5 to the price comparison website CHECK24
DGAP-News: TLG IMMOBILIEN AG / Key word(s): Real Estate/Contract
TLG IMMOBILIEN AG lets approx. 1,600 sqm in office space in Berlin at
Alexanderstraße 1, 3, 5 to the price comparison website CHECK24
23.06.2016 / 07:00
The issuer is solely responsible for the content of this announcement.
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Press release
TLG IMMOBILEN AG lets approx. 1,600 sqm in office space in Berlin at
Alexanderstraße 1, 3, 5 to the price comparison website CHECK24
- Rent per square metre increased by approx. 50 %
- Lease term: 5 years
- Property's adjusted EPRA Vacancy Rate reduced to 7.2 %
Berlin, 23 June 2016 - Beginning on 1 December 2016, CHECK24
Vergleichsportal GmbH will let approx. 1,600 sqm in office space at
Alexanderstraße 1, 3, 5 in Berlin. The lease agreement with TLG IMMOBILIEN
AG has an initial term of 5 years. DIE IMMOBILIEN PARTNER Berlin GmbH
brokered the deal. This lease reduces the entire property's adjusted EPRA
Vacancy Rate - factoring in future lease agreements already signed as well
as terminated agreements - to just 7.2 %.
The early termination of an existing lease agreement and the subsequent re-
letting of that space along with further vacant space to CHECK24 at a rate
that is in line with the current market rents has enabled the Company to
benefit from the market's dynamic growth. Rent for the lettable space has
thus increased by approx. 50 %.
Locations surrounding Berlin's Alexanderplatz are currently in high demand,
in particular with media and telecommunications companies. For instance, in
the past six months alone, more than 10,000 sqm in space at the
Alexanderstraße 1, 3, 5 property was let to Visual Meta (including
ladenzeile.de), a subsidiary of Axel Springer, and the DSL and mobile
telephony provider 1&1.
The majority of TLG IMMOBILIEN AG's office property portfolio is located in
Berlin. Additional office property portfolios are located mainly in
regional economic centres such as Dresden, Leipzig and Rostock. Tenants for
TLG IMMOBILIEN AG's office properties are primarily economically strong
private companies and publicly owned entities.
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 is 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 seven 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 March 2016, the value of the properties under IFRS totalled EUR 1,865 bn. As at the same reporting date, the EPRA Net Asset Value per share amounted to EUR 17.64. --------------------------------------------------------------------------- 23.06.2016 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. 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 End of News DGAP News Service --------------------------------------------------------------------------- 473011 23.06.2016
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