DGAP-News: TLG IMMOBILIEN AG / Key word(s): Real Estate/Miscellaneous
Deutsche Börse unexpectedly admits TLG IMMOBILIEN to SDAX
24.02.2015 / 09:05
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Press release
Deutsche Börse unexpectedly admits TLG IMMOBILIEN to SDAX
Berlin, 24 February 2015 - On 19 February 2015, Deutsche Börse resolved
unexpectedly to admit TLG IMMOBILIEN AG to the SDAX today, 24 February
2015. This selection index comprises 50 companies which rank below the
companies in the MDAX, which operate in classic sectors and which fulfil
the selection criteria defined by Deutsche Börse. Furthermore, these
companies must be listed in the Prime Standard segment of the Frankfurt
Stock Exchange and must have a minimum free float of 10%. Moreover, the
shares must be traded continuously on the Xetra platform. The stocks that
fulfil these requirements are selected for the index on the basis of two
size criteria: market capitalisation based on free float and trading
volume.
"The fact that the TLG IMMOBILIEN share has unexpectedly been admitted to
one of Deutsche Börse's selection indices only some four months after its
IPO sends an important signal to the capital market. The admission to the
index demonstrates that the Company not only fulfils the Prime Standard's
high standards of transparency, but also that the Company's market
capitalisation and liquidity fulfil institutional investors' criteria for
larger equity investments. Furthermore, the SDAX listing raises the
Company's profile among the capital market investors it targets", said
Peter Finkbeiner, member of TLG IMMOBILIEN AG's Management Board. Following
the Company's successful IPO in October 2014, its admission to the SDAX
marks yet another important milestone in the Company's development. This
clearly demonstrates that the comprehensive transformation and
repositioning measures taken in the lead-up to the IPO have paid off.
The admission to a prestigious selection index also improves TLG
IMMOBILIEN's chances of financing additional growth through the capital
market. "In the past few months since our IPO we have shown that we are in
a position to continuously improve the quality and size of our core
portfolio through value-enhancing acquisitions and investments in our
portfolio. And we intend to remain on this path going forward", Finkbeiner
continued.
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.
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24.02.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Stuttgart
End of News DGAP News-Service
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326271 24.02.2015
DGAP-News: Deutsche Börse unexpectedly admits TLG IMMOBILIEN to SDAX
| Source: EQS Group AG