DGAP-News: GIEAG Immobilien AG / Key word(s): Real Estate GIEAG Immobilien AG: GIEAG makes further progress with its commercial real estate project Gerlingen Work in Stuttgart 06.07.2018 / 10:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- GIEAG makes further progress with its commercial real estate project Gerlingen Work in Stuttgart - Full planning permission received, completion in two construction stages through to 2020 - Earthworks at construction site on schedule - Excavation and shell construction assigned to Ed. Züblin AG Munich, 6 July 2018. GIEAG Immobilien AG (GIEA) has reached a further milestone in its key project "Gerlingen Work" near Stuttgart and has received full planning permission. This means that GIEAG is making pleasing progress with this project, which has a total volume in the significant double-digit million euro range. Completion is scheduled in two stages: The first section of construction is set to be completed in the third quarter of 2019 and the second to be concluded in the first quarter of 2020. GIEAG already received partial planning permission in 2018 and was then able to start with the earthworks, which are going on schedule. Located just 20 minutes from Stuttgart city centre, GIEAG is developing and building a state-of-the-art, five-storey office building on this site of around 12,500 m2. The building offers gross floor space of approx. 30,000 m2. Ed. Züblin AG, a member of the STRABAG Group and headquartered in Stuttgart, was mandated with the earthworks and shell construction for this project. "We are very pleased with the progress we are making with our new project in Gerlingen and believe that we are still on schedule for completing the building work step by step through to 2020. We are also implementing the high demands that we place on the construction of state-of-the-art office properties with top quality in terms of their location and also their architectural and technical fittings as part of this project. Our concept is well received, as is also shown by the quality and quantity of the rental enquiries, explained Thomas Männel, a member of GIEAG's managing board. About GIEAG Immobilien AG (GIEAG) GIEAG is a family-run Munich based, public limited real estate company. Shares of GIEAG Immobilien AG are traded on the Munich stock exchange. GIEAG's team of experts guarantees innovative and future-proof concepts. The combination of three asset classes - office, residential and logistics - and its two areas of activities - development and investment - means that the company has a stability that is unique on the market. During the past 18 years GIEAG Immobilien AG has developed and optimised a large number of real estate projects ranging in size from between 1,500 m2 to 145,000 m2 and with individual investment amounts of up to EUR 100 million. A partner-like approach, consistency, secure transactions and speed form the basis of GIEAG's sustainable value growth. Contact GIEAG Immobilien AG Investor Relations, Philipp Pferschy Oettingenstraße 35 80538 Munich [email protected] Telephone: +49 89 290516-0 edicto GmbH Axel Mühlhaus, Peggy Kropmanns [email protected] Telephone: +49 69 905505-52 --------------------------------------------------------------------------- 06.07.2018 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 --------------------------------------------------------------------------- Language: English Company: GIEAG Immobilien AG Oettingenstrasse 35 80538 München Germany Phone: +49 89 290516-0 Fax: +49 89 290516-11 E-mail: [email protected] Internet: www.gieag.de ISIN: DE0005492276 WKN: 549227 Listed: Regulated Unofficial Market in Munich End of News DGAP News Service --------------------------------------------------------------------------- 701893 06.07.2018