26.01.2017
TLG IMMOBILIEN AG DE000A12B8Z4
DGAP-News: TLG IMMOBILIEN AG closes in full occupancy after renting out 6,000 sqm in Alexanderstrasse 1, 3, 5 in Berlin and also achieves full occupancy on Hausvogteiplatz
DGAP-News: TLG IMMOBILIEN AG / Key word(s): Contract/Real Estate
TLG IMMOBILIEN AG closes in full occupancy after renting out 6,000 sqm in
Alexanderstrasse 1, 3, 5 in Berlin and also achieves full occupancy on
Hausvogteiplatz
26.01.2017 / 07:00
The issuer is solely responsible for the content of this announcement.
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Press release
TLG IMMOBILIEN AG closes in full occupancy after renting out 6,000 sqm in
Alexanderstrasse 1, 3, 5 in Berlin and also achieves full occupancy on
Hausvogteiplatz
- BIM Berliner Immobilienmanagement GmbH is renting out approx. 6,000 sqm
of office space at Alexanderstrasse 1, 3, 5 in Berlin
- The last of the free office space at Hausvogteiplatz 12 has been rented
out
- Both properties are now fully occupied
Berlin, 26 January 2017 - Following the conclusion of two rental
agreements, TLG IMMOBILIEN AG can report almost full occupancy at the
office property in Alexanderstrasse 1, 3, 5 as well as at its headquarters
at Hausvogteiplatz 12.
A total of approx. 6,000 sqm of office space at Alexanderstrasse 1, 3, 5 -
the second-largest office property in the portfolio of TLG IMMOBILIEN AG
with around 43,000 sqm of lettable area in total - is being transferred to
BIM Berliner Immobilienmanagement GmbH, a company owned by the state of
Berlin, in several stages between January and March 2017. The rental
agreement has a term of 5 years. This central property is therefore
virtually full occupied, even though its vacancy rate was still around 25%
on 31 December 2015.
The office building at Hausvogteiplatz 12 will also be fully occupied as of
February 2017. Around 430 sqm of representative office space was rented out
recently. This location is not far from the Gendarmenmarkt in the heart of
the city and is also the location of the headquarters of TLG IMMOBILIEN AG
in Berlin.
Sven Graven, Branch Manager at TLG IMMOBILIEN AG, explains: 'The enormous
reduction of vacancy rates on Alexanderplatz in so short a time is a clear
indication of the high demand for office space at this location and in the
capital as a whole.'
Contact
Christoph Wilhelm Sven Annutsch Corporate Communications Investor Relations Phone: +49 (0)30 - 2470 6355 Phone: +49 (0)30 - 2470 6089 E-mail: [email protected] 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. --------------------------------------------------------------------------- 26.01.2017 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 --------------------------------------------------------------------------- 538933 26.01.2017
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