News Detail

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

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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

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

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.


Sven Annutsch
Investor Relations
Phone: +49 30 2470 6089
E-Mail: [email protected]

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 --------------------------------------------------------------------------- Language: English Company: TLG IMMOBILIEN AG Hausvogteiplatz 12 10117 Berlin Germany Phone: 030 - 2470 - 50 Fax: 030 - 2470 - 7337 E-mail: [email protected] Internet: 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 ---------------------------------------------------------------------------