14.05.2018
TLG IMMOBILIEN AG DE000A12B8Z4
DGAP-News: TLG IMMOBILIEN acquires the office property 'Office 3001' in Hamburg for around EUR 59.5 m
DGAP-News: TLG IMMOBILIEN AG / Key word(s): Acquisition/Real Estate
TLG IMMOBILIEN acquires the office property 'Office 3001' in Hamburg for
around EUR 59.5 m
14.05.2018 / 07:00
The issuer is solely responsible for the content of this announcement.
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TLG IMMOBILIEN acquires the office property "Office 3001" in Hamburg for
around EUR 59.5 m
- Purchase price: approx. EUR 56.0 m; total amount invested: approx. EUR
59.5 m
- Annualised in-place rent: approx. EUR 3.4 m, in-place rental yield:
approx. 6.1%
- EPRA Occupancy Rate: 85.2%; WALT: 6.6 years
- Anchor tenant: Reemtsma Cigarettenfabrik GmbH
Berlin/Hamburg, 14 May 2018 - Having invested a total of around EUR 59.5 m,
TLG IMMOBILIEN AG (DE000A12B8Z4) has acquired the office property "Office
3001" in the Altona district of Hamburg. Following Mannheim and Eschborn,
this is the third acquisition to be reported by TLG IMMOBILIEN this year.
The purchase price for the office property in Hamburg was around EUR 56.0 m.
The seller is a subsidiary of Orion European Real Estate Fund IV, C.V. which
is sponsored by Orion Capital Managers. The transaction was brokered by
Cushman & Wakefield.
With around 23,300 sqm of lettable area, the property has an EPRA Occupancy
Rate of 85.2%. The office property generates an annualised in-place rent of
approx. EUR 3.4 m. The in-place rental yield is therefore around 6.1% on the
basis of the contractual rents. The weighted average lease term (WALT) of
the rental agreements was 6.6 years as at the conclusion of the contract.
Reemtsma Cigarettenfabrik GmbH is the anchor tenant. A total of 452 parking
spaces are available for users of the property. The transfer of benefits and
encumbrances is scheduled to take place in July 2018.
"In light of the modern standard of the building and the dynamic office
property market in Hamburg, we are confident that we will be able to tap the
property's renting potential", says Niclas Karoff, member of the Management
Board of TLG IMMOBILIEN AG.
The office building was completed in 2001 and modernised most recently in
2015. The nearby arterial roads B431 and A7 as well as the connection to
public transport guarantee good connections to the centre of Hamburg.
PHOTO
Capt- Office property "Office 3001", Bertrand-Russel-Str. 3,
ion: 5/Max-Born-Str. 2, 4, D-22761 Hamburg, TLG IMMOBILIEN AG
Copy- M. Reinhardt & C. Sommer
righ-
t:
[1]Download here 1.
http://www.tlg.de/fileadmin/user_upload/Pressebilder/2018_05_XX
_Foto_TLG_Office3001_Hamburg_by_M._Reinhardt___C._Sommer.jpg
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 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.
As at 31 December 2017, the property value amounted to EUR 3.4 bn. As at the
same reporting date, the EPRA net asset value per share amounted to EUR
21.84.
This publication contains forward-looking statements based on current views
and assumptions of TLG IMMOBILIEN AG's management and made to the best of
knowledge. Forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that could cause TLG IMMOBILIEN AG's
revenues, profitability or the degree to which it performs or achieves its
targets, to materially deviate from what is explicitly or implicitly stated
or described in this publication. Therefore, persons who obtain possession
of this publication should not rely on such forward-looking statements. TLG
IMMOBILIEN AG accepts no guarantee or responsibility regarding such
forward-looking statements and will not adjust them to future results or
developments.
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14.05.2018 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
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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
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