DGAP-News: TLG IMMOBILIEN AG / Key word(s): Real Estate
TLG IMMOBILIEN acquires commercial property in Dresden's city centre
04.02.2015 / 08:54
---------------------------------------------------------------------
Press release
TLG IMMOBILIEN acquires commercial property in Dresden's city centre
- Virtually fully-let office property with highly creditworthy anchor
tenants
- Established location at Ferdinandplatz in direct proximity to Prager
StraÃe, Dresden's main shopping artery
- Purchase price of EUR 10.3 million
- TLG IMMOBILIEN further expands its office property portfolio in
downtown Dresden
Dresden/Berlin, 4 February 2015 - TLG IMMOBILIEN AG has acquired a
commercial property in Dresden, further expanding its portfolio in Saxony's
capital. The purchase agreement for the downtown property was signed
yesterday. The property was sold by private foreign owners for EUR 10.3
million.
The property has some 6,400 square metres of lettable space, of which 5,700
square metres are designated for office use and the remaining 700 square
metres for retail space. The tenants include the City of Dresden and other
companies with excellent credit ratings such as HUK Coburg and SEB AG. With
a current vacancy rate of just four per cent, the property is almost
entirely let.
"With this acquisition, TLG IMMOBILIEN continues to expand its strong
presence in Dresden's city centre", said Niclas Karoff, member of TLG
IMMOBILIEN AG's Management Board. In addition to other properties such as
the Zwingerforum at Postplatz, the Wilsdruffer Kubus, the Am Wall
commercial property and the Margonhaus, this acquisition represents an
ideal expansion of TLG IMMOBILIEN's portfolio within the "26 ring road"
encircling the city centre. "Dresden's continuing positive economic
development, the prime location, high occupancy rate and attractive tenant
structure represented the key reasons driving this acquisition", Karoff
continued.
The Ferdinandplatz property was built in 1994. Ferdinandplatz is centrally
located in the city's downtown district. Prager StraÃe, Dresden's main
shopping artery, and the two main downtown shopping centres are within
walking distance. The location is easily accessible by public
transportation. The underground car park has 80 tenant and visitor parking
spaces. TLG IMMOBILIEN was itself a tenant in this property prior to moving
into the Margonhaus property.
Contact
<pre>
Christoph Wilhelm Sven Annutsch
Corporate Communications Investor Relations
Phone: +49 30 2470 6355 Phone: +49 30 2470 6089
E-Mail: christoph.wilhelm@tlg.de E-Mail: sven.annutsch@tlg.de
</pre>
About TLG IMMOBILIEN AG
TLG IMMOBILIEN AG is a leading commercial real estate company focusing on
Berlin and growth regions in Eastern Germany. For over 20 years, TLG
IMMOBILIEN has been synonymous with real estate expertise in Germany's
East. TLG IMMOBILIEN 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 is specialised in commercial properties for office and retail
use. TLG IMMOBILIEN focuses on managing a high-quality portfolio of office
properties in Berlin and other regional economic centres, as well as a
regionally diversified portfolio of retail properties in highly frequented
micro locations. The portfolio also includes five hotels in Berlin, Dresden
and Rostock. TLG IMMOBILIEN's properties stand out not only due to their
excellent locations but also because of their very long-term rental or
lease agreements.
As at 30 September 2014 the portfolio value (fair value) is EUR 1.5
billion. The EPRA net asset value per share is EUR 14,27 as at the
reference day.
---------------------------------------------------------------------
04.02.2015 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: TLG IMMOBILIEN AG
Hausvogteiplatz 12
10177 Berlin
Germany
Phone: 030 - 2470 - 50
Fax: 030 - 2470 - 7337
E-mail: kontakt@tlg.de
Internet: www.tlg.de
ISIN: DE000A12B8Z4
WKN: A12B8Z
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
319151 04.02.2015
DGAP-News: TLG IMMOBILIEN acquires commercial property in Dresden's city centre
| Source: EQS Group AG