News Detail

TLG IMMOBILIEN AG publishes its first sustainability report

DGAP-News: TLG IMMOBILIEN AG / Key word(s): Sustainability/Real Estate

2016-11-17 / 07:00
The issuer is solely responsible for the content of this announcement.


Press release

TLG IMMOBILIEN AG publishes its first sustainability report

Berlin, 17 November 2016 - TLG IMMOBILIEN AG published its first sustainability report entitled 'The First Step' today. This report concerns the 2015 financial year and is based on the globally recognised guidelines of the Global Reporting Initiative (GRI G4) and the EPRA Best Practice Recommendations on Sustainability Reporting, the European standard by which the real estate sector assesses itself.

In the report the company focuses on the non-financial aspects of economy, ecology and social responsibility as a way of supplementing its regular financial reports. 'Our first report represents a review where we compiled lots of information in order to provide our various stakeholders with an even more transparent insight into TLG IMMOBILIEN AG and strengthen the long-term trust of our partners', says Niclas Karoff, member of the Management Board of TLG IMMOBILIEN AG, adding: 'It is of utmost importance to take sustainability aspects into consideration in our value chain and factor them into all of our corporate decisions.'

Therefore, the sustainability report will be published each year on a voluntary basis as, due to its employee headcount, the company is not affected by the EU guidelines on methodology for reporting non-financial information that are due to come into force in 2017. More data relevant to the company will be added to the pool created by this report over the next few years. In doing so we plan to gradually implement an efficient, effective sustainability management system within our company.

The sustainability report 2015 is available to download here:

www.tlg.eu > Company > Sustainability

Contact

Christoph Wilhelm
Corporate Communications
Phone: +49 30 2470 6355
E-Mail: christoph.wilhelm@tlg.de
 
 

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 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, Dresden, Leipzig and Rostock, as well as in Frankfurt from 2017. 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 2016, the value of the properties under IFRS totalled EUR 1,987 bn. As at the same reporting date, the EPRA Net Asset Value per share amounted to EUR 17.67.



2016-11-17 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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