DGAP-News: GIEAG Immobilien AG / Key word(s): Real Estate GIEAG Immobilien AG: GIEAG launches another commercial property project in the Stuttgart metropolitan area 28.11.2016 / 10:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- GIEAG launches another commercial property project in the Stuttgart metropolitan area - 12,500 sqm plot of land acquired in Gerlingen near Stuttgart - Construction of new office and commercial property to be completed in 2019 - Investment volume clearly in the double-digit million euro range - GIEAG builds on successful track record in the Stuttgart region Munich, 28 November 2016. GIEAG Immobilien AG (GIEAG) today announced the launch of another major commercial property project in the Stuttgart metropolitan area. For this purpose, the company has acquired a 12,500 sqm developed plot of land in Gerlingen, which it plans to use for the construction of a multi-storey office and commercial property. The company will invest a double-digit million euro amount in this project. As early as the next weeks, GIEAG will start dismantling parts of the existing, mixed-use commercial property on the plot in Gerlingen's Dieselstraße. The plot's and building's structure offers space for individual usage scenarios. Construction of the new multi-storey office and commercial property with a potential gross floor area of up to 25,000 sqm is scheduled to begin in 2017. GIEAG plans to complete and sell the project by 2019. The most recent construction project is already the fourth project executed by GIEAG in the Stuttgart region, where the company is building on its successful track record: One of the largest projects in company history - OASIS II with a volume in the mid-double digit million euro range - was followed by the "Maybachstraße" project, which also has an investment volume of more than EUR 50 million. Philipp Pferschy, member of the GIEAG Immobilien AG Management Board, comments: "We want to follow up our successful development projects in Stuttgart in recent years with this project in what is a very important metropolitan area for us. It also shows that we are actively pursuing our strategic objective of tackling an increasing number of major projects. We expect this project to once again deliver a significantly positive effect on earnings both for our investors and shareholders." About GIEAG Immobilien AG (GIEAG) The project development company GIEAG Immobilien AG or GIEAG for short (www.gieag.de), founded in 1999, supports its customers from the idea through the financing and realisation to the sale of the finished property. Its focus is on the development of valuable office buildings, logistics centres and residential properties. In addition, the group of companies acts as an investor in residential properties with a particularly high development potential, located primarily in southern Germany. Contact GIEAG Immobilien AG Investor Relations Oettingenstrasse 35 80538 Munich [email protected] Phone: +49 (0) 89 290516-0 edicto GmbH Axel Mühlhaus, Peggy Kropmanns [email protected] Phone: +49 (0) 69 905505-52 --------------------------------------------------------------------------- 28.11.2016 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: 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 --------------------------------------------------------------------------- 524365 28.11.2016