DGAP-News: TLG IMMOBILIEN AG / Key word(s): Real Estate/Sustainability
Berlin, 30 January 2017 - TLG IMMOBILIEN AG has been restructuring its supply of electricity and gas since the start of 2017. The company plans to gradually replace all regional and administratively burdensome supply contracts with a general agreement with the public utility company MüllheimStaufen GmbH. These measures include the transitioning of its energy supply to electricity from renewable energy sources and carbon-neutral natural gas produced using environmentally-friendly production methods.
The new contract has a term of 5 years. The restructuring of the company's energy procurement will lower the average allocable energy costs for tenants across all properties and for the space used by TLG IMMOBILIEN AG itself by more than 20% in future. It will also reduce the volume of administrative work required to manage the company's contracts considerably.
The annual energy requirements of the properties of TLG IMMOBILIEN AG covered by this contract total approx. 13 GWh of electricity for general, vacant and administrative space and around 9.6 GWh of energy from gas. This is equivalent to the energy requirements of 5,580 three-person households and therefore a small town. By transitioning, TLG IMMOBILIEN AG will cut its CO2 emissions by around 9,500 tonnes per year.
This measure represents another step towards the sustainable company management described in detail in the first Sustainability Report published last year in November. The report is available to download here:
About TLG IMMOBILIEN AG
According to preliminary figures that have not yet been audited, as at 31 December 2016, the portfolio value amounted to EUR 2.24 bn and EPRA Net Asset Value per share amounted to EUR 18.49.
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.
This publication contains preliminary financial information for the fiscal year ended 31 December 2016. The auditor of TLG IMMOBILIEN AG, Ernst & Young Wirtschaftsprüfungsgesellschaft GmbH, Stuttgart, has not issued an audit report with respect to this financial information and the audit of such information has not been completed yet. The final financial information for the fiscal year ended 31 December 2016 will be published in the audited consolidated financial statements of the company for the fiscal year ended 31 December 2016. This publication is currently scheduled for 9 March 2017.
|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|