TLG IMMOBILIEN AG lets approx. 1,600 sqm in office space in Berlin at Alexanderstraße 1, 3, 5 to the price comparison website CHECK24
DGAP-News: TLG IMMOBILIEN AG / Key word(s): Real Estate/Contract
TLG IMMOBILEN AG lets approx. 1,600 sqm in office space in Berlin at Alexanderstraße 1, 3, 5 to the price comparison website CHECK24
- Rent per square metre increased by approx. 50 %
- Lease term: 5 years
- Property's adjusted EPRA Vacancy Rate reduced to 7.2 %
The early termination of an existing lease agreement and the subsequent re-letting of that space along with further vacant space to CHECK24 at a rate that is in line with the current market rents has enabled the Company to benefit from the market's dynamic growth. Rent for the lettable space has thus increased by approx. 50 %.
Locations surrounding Berlin's Alexanderplatz are currently in high demand, in particular with media and telecommunications companies. For instance, in the past six months alone, more than 10,000 sqm in space at the Alexanderstraße 1, 3, 5 property was let to Visual Meta (including ladenzeile.de), a subsidiary of Axel Springer, and the DSL and mobile telephony provider 1&1.
The majority of TLG IMMOBILIEN AG's office property portfolio is located in Berlin. Additional office property portfolios are located mainly in regional economic centres such as Dresden, Leipzig and Rostock. Tenants for TLG IMMOBILIEN AG's office properties are primarily economically strong private companies and publicly owned entities.
About TLG IMMOBILIEN AG
2016-06-23 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|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|
|End of News||DGAP News Service|