12.03.2015
GIEAG Immobilien AG DE0005492276
DGAP-News: GIEAG Immobilien AG: Project OASIS II in Stuttgart Fully Leased Prior to Completion
DGAP-News: GIEAG Immobilien AG / Key word(s): Real Estate
GIEAG Immobilien AG: Project OASIS II in Stuttgart Fully Leased Prior
to Completion
12.03.2015 / 13:30
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Project OASIS II in Stuttgart Fully Leased Prior to Completion
- 7,700 Square Meters (Remaining) Area Leased to Renowned Stuttgart
Company
- OASIS II Fully Leased Prior to Completion
Munich, March 12, 2015. The listed GIEAG Immobilien AG (GIEAG), a
sustainability-oriented project developer for residential and commercial
real estate with a focus on southern Germany, has secured a renowned
Stuttgart company as an additional tenant for its new building project,
OASIS II in Stuttgart's Pragsattel. With the lease of 7,700 square meters
of office and commercial space and 84 parking spaces to the company, full
occupancy of OASIS II has beer reached prior to the completion of the
object in June 2015.
The new tenants is primarily leasing office and warehouse space from the
first to the fourth floor of the eight-floor modern, multifunctional office
building. The rental was mediated by Bankhaus Ellwanger & Geiger and by the
office of Stuttgart Immobilien. Other tenants at OASIS II are the
commercial vehicle specialist, Christian Winkler GmbH & Co. KG, the company
Golfhouse, which offers a private putting green in the outside area of the
property, and a restaurant business.
With OASIS II with a total of 17,000 square meters of leasable space, GIEAG
successfully continues its development projects in Stuttgart. The project
is based on the architecture of the OASIS III building next door, finished
by the GIEAG in 2003 and successfully sold to LaSalle Investment
Management.
Says Christoph Klotz, Chairman of GIEAG: "I am pleased that we were able to
secure another renowned company as a tenants for OASIS II and have achieved
full occupancy prior to completion of the project. Our strategy to develop
architecturally sophisticated, modern office buildings in excellent
locations is bearing fruit."
End of press release
About GIEAG Immobilien AG (GIEAG):
The project development company GIEAG Immobilien AG, which is abbreviated
as GIEAG and was founded in December 1999, supports its clients from the
initial idea, to the financial and realisation of projects, and on to the
sale of the finished property. Its main focus is the realisation of
long-term retailing projects, office buildings, and logistic centres
located primarily in southern Germany. In addition, GIEAG also operates as
an investor for residential real estate with particularly high potential
for development. GIEAG shares are listed at Munich stock exchange.
Kontakt
GIEAG Immobilien AG
Investor Relations, Philipp Pferschy
[email protected]
Tel: +49 89 290516-13
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
[email protected]
Tel.: +49 69 905505-52
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12.03.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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332645 12.03.2015
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