DGAP-Adhoc: TLG IMMOBILIEN AG acquires office properties in

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Oct 14, 2016 at 11:15 AM

DGAP-Adhoc: TLG IMMOBILIEN AG acquires office properties in Frankfurt am Main for approx. EUR 160 m - a strategic market entry for future growth in western Germany

TLG IMMOBILIEN AG / Key word(s): Acquisition/Real Estate 14.10.2016 16:58 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- TLG IMMOBILIEN AG acquires office properties in Frankfurt am Main for approx. EUR 160 m - a strategic market entry for future growth in western Germany Berlin, 14 October 2016 - With the signing of the purchase agreement for the office properties Campus Carré in Frankfurt-Niederrad and Olof-Palme- Strasse 35 in Frankfurt's Mertonviertel today, TLG IMMOBILIEN AG acquired two high-grade properties in western Germany. With this transaction in Frankfurt am Main, TLG IMMOBILIEN AG is expanding its investment approach to acquisitions in growth markets in western Germany. The seller is an American investor and the transaction was brokered by Savills. Based on portfolio value as of 30 June 2016, Frankfurt am Main will now be the second-largest office location in the portfolio of TLG IMMOBILIEN AG after Berlin. Located in the office district of Niederrad, Campus Carré (Lyoner Str. 25, 60528 Frankfurt am Main) was completed in 2003 and has a lettable area of around 31,500 sqm as well as more than 500 parking spaces. Around EUR 85.7 m of the purchase price is attributable to this property. The office building has modern fittings and as of today generates a contractual annualised in-place rent of around EUR 5.5 m. The weighted average lease term (WALT) of the rental agreements is 4.7 years. With an occupancy rate of 99%, the property is almost fully occupied today. The largest tenants include HOCHTIEF Solutions AG, Techniker Krankenkasse and Steigenberger. An office property in Mertonviertel (Olof-Palme-Strasse 35, 60439 Frankfurt am Main) was also acquired in the same transaction. The purchase price of this property amounts to EUR 74.3 m. The building has a lettable area of 26,700 sqm, was built in 1993 and fully modernised in 2013 and features approx. 450 parking spaces. The office property has an occupancy rate of 100% and an annualised in-place rent of around EUR 4.3 m per today, the WALT is 9.5 years at this date. The property is rented by the global industrial concern Air Liquide as part of a long-term agreement. Contact <pre> Sven Annutsch Investor Relations Phone: +49 30 2470 6089 E-Mail: sven.annutsch@tlg.de </pre> This publication contains future-oriented statements based on current opinions and assumptions of the management of TLG IMMOBILIEN AG made to the best of their knowledge. Future-oriented statements are subject to known and unknown risks, uncertainties and other factors that can lead to the turnover, profitability, target achievement and results of TLG IMMOBILIEN AG differing greatly from those named or described expressly or implicitly in this publication. Due to this, those who come into possession of this publication should not trust in such future-oriented statements. TLG IMMOBILIEN AG accepts no liability and gives no guarantee for the correctness of such future-oriented statements and will not adjust them to future results and developments. 14.10.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: TLG IMMOBILIEN AG Hausvogteiplatz 12 10117 Berlin Germany Phone: 030 - 2470 - 50 Fax: 030 - 2470 - 7337 E-mail: kontakt@tlg.de Internet: www.tlg.de ISIN: DE000A12B8Z4 WKN: A12B8Z Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Horowitz's $150M Boost for Nevada's First Children's Hospital

Big Bucks and Bigger Hearts Boost Pediatric Care in Nevada The world isn't exactly short on folks looking to make a buck, but every so often, someone comes along and wants to make a difference instead. Enter Felicia and Ben Horowitz, handing over a staggering $150 million to Intermountain Health. This isn’t your garden-variety gift—it’s aimed at getting Nevada on...

Alaska's Insurance Maze: Coverage Over Cheap Policies

Beyond Premiums: Assessing Real Coverage Needs The Alaskan wilderness isn't just home to stunning views; it's also a land where insurance needs to go beyond the average cookie-cutter policy. You'd think the cheapest option would suffice, but that's where residents might trip into financial quicksand. Devery Prince, a seasoned insurance principal, sheds light on why...

Ares Commercial Real Estate Gears Up for Q3 Earnings

Earnings Season Descends on Ares Commercial Real Estate The hush before the storm is here, comrades. Ares Commercial Real Estate Corporation (NYSE: ACRE) has set the ticker tape rolling as they prepare to unveil the fiscal secrets of their third quarter on November 6, 2026. If you’ve got skin in the game or just an ear for market music, mark your calendars because the...

HumanView Relaunch: LEAP Group Decodes Customer Signals

Understanding Customer Signals Like Never Before Well, here's one for the ol' playbook. The LEAP Group just dusted off their tool, HumanView, like an old car getting a fresh coat of paint and an engine overhaul. It's been rebuilt from the ground up, promising to turn those random blips of online chatter into actionable business insights. Not the same old dashboard mumbo...

Denarius Metals Unveils Technical Insight for Toral Project

Denarius Metals Shares Tech Report on Toral Project It's a curious moment in the mining world when Denarius Metals decides to drop their latest gem—a technical report on the Toral Project. We're talking about a full-bodied document rooted in the stringent National Instrument 43-101 standards. This isn't some half-baked release; it's a robust assertion of where they...

Ensign Lawsuit Brews: Investor Stakes High by Dec. 7

Ensign's Alleged Missteps Uncovered Man, grabbing headlines in the finance world often feels like catching a whirlwind, and yet, here we are with Ensign Group's latest debacle. This isn't some run-of-the-mill story we're sifting through. It's a class action lawsuit with teeth, aiming to rope in investors who played ball during a hefty stretch running from February 10,...

Gildan Faces Lawsuit: Allegations of Deceptive Practices Shake Investors

Gildan's Troubles Unveiled The financial jungle can be a pretty treacherous place, and Gildan Activewear Inc. (NYSE: GIL) just found out how fickle the market can be. An 18.7% nosedive in Gildan's stock price after a securities fraud class action came knocking—if that isn't enough to stir up a hornet’s nest among investors, I don’t know what is. The Catalyst:...

Amy Johnson Steps Up as GDIT President Amid Shifts

A New Chapter for GDIT with a Veteran Leader Big shoes to fill? Nah, more like Amy Johnson was made for these shoes. Stepping up as president of General Dynamics Information Technology (GDIT) on November 3, she’s got 27 years of experience under her belt, all from General Dynamics' own backyard. This ain't her first rodeo. From tightrope-walking the perils of defense...

Bio-Thera's New Data: A Game Changer for NSCLC?

A Fresh Look at Lung Cancer Solutions There's fresh meat on the oncology block, with Bio-Thera Solutions swinging for the fences at ESMO 2026, spotlighting promising Phase 2 clinical data for their combo treatment in first-line non-small cell lung cancer (NSCLC). If you're tuned into the biopharmaceutical sector or just keeping tabs on global health romps, this news sets...

Howard Hughes Joins S&P SmallCap 600, Arcosa Out

Shakeup in the S&P SmallCap 600 It’s one of those days where something shifts in the market landscape—Howard Hughes Holdings Inc. (NYSE: HHH) is swaggering into the S&P SmallCap 600. Kicking off on October 28, it's got quite the entrance lined up. On the other end, Arcosa Inc. (NYSE: ACA) is making a hasty exit after getting scooped up by CRH plc (NYSE: CRH). For...