DGAP-News: TLG IMMOBILIEN AG / Key word(s): Change of Personnel/Real Estate
Simona Schneider joins TLG IMMOBILIEN as the new Head of Transaction Management
Berlin, 3 December 2018 - The Management Board of TLG IMMOBILIEN AG (DE000A12B8Z4) has appointed Simona Schneider to succeed Sven Graven as Head of Transaction Management. Sven Graven is leaving the company of his own volition on 31 December 2018.
The 37-year-old transaction specialist will assume leadership of the Transaction Management department on 1 January 2019. She has twelve years of experience in managing transactions involving commercial properties and is exceptionally well connected in the German real estate sector. Prior to her new role, she spent five years working with Tristan Capital Partners in Düsseldorf and most recently in London. As Director of Investments, she was in charge of acquiring German properties for the in-house funds. Simona Schneider has also worked with IVG Asset Management, Archon Group Deutschland and Deutsche Real Estate.
"We are happy to welcome Simona Schneider as our new Head of Transaction Management. She is an outstanding addition to our successful team and will spur on the development of TLG IMMOBILIEN. In light of her experience, we believe that Simona Schneider is an excellent successor to Sven Graven, whom we thank for his dedication over the past three and a half years and wish all the best for the future", says Jürgen Overath, COO of TLG IMMOBILIEN.
ABOUT TLG IMMOBILIEN AG
TLG IMMOBILIEN AG is a listed leading commercial real estate company in Germany that has been synonymous with real estate expertise for over 25 years. TLG IMMOBILIEN AG 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 AG is specialised in commercial properties for office and retail use: it focuses on managing a high-quality portfolio mostly comprising office properties in Berlin, Frankfurt/Main, Dresden, Leipzig and Rostock. The company also has a regionally diversified portfolio of retail properties in highly frequented micro-locations. The portfolio also includes seven hotels in Berlin, Dresden, Leipzig and Rostock. TLG IMMOBILIEN AG's properties stand out not only due to their excellent locations but also because of their long-term rental or lease agreements.
As at 30 September 2018, the property value amounted to EUR 3.7 bn. As at the same reporting date, the EPRA Net Asset Value per share amounted to EUR 23.58.
This publication contains forward-looking statements based on current views and assumptions of TLG IMMOBILIEN AG's management and made to the best of knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause TLG IMMOBILIEN AG's revenues, profitability or the degree to which it performs or achieves its targets, to materially deviate from what is explicitly or implicitly stated or described in this publication. Therefore, persons who obtain possession of this publication should not rely on such forward-looking statements. TLG IMMOBILIEN AG accepts no guarantee or responsibility regarding such forward-looking statements and will not adjust them to future results or developments.
|Company:||TLG IMMOBILIEN AG|
|Phone:||030 - 2470 - 50|
|Fax:||030 - 2470 - 7337|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|