News Detail

TLG IMMOBILIEN lets 1,000 sqm of office space in acquired property on Kaiserin-Augusta-Allee

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

2015-09-23 / 08:47

Press Release

TLG IMMOBILIEN lets 1,000 sqm of office space in acquired property on Kaiserin-Augusta-Allee

- Lease to begin in December 2015

- Seven-year lease (with 2x5 years extension option)

- EPRA Vacancy Rate drops to approx. 5%

Berlin, 23 September 2015 - As at December 2015, BLD Bach Langheid Dallmayr Rechtsanwälte Partnerschaftsgesellschaft mbB will be a new tenant of the "Spreétage" office building located at Kaiserin-Augusta-Allee 104 in Berlin. BNP Paribas acted as a broker for the lease agreement for the approx. 1,050 sqm of office space. The agreement was signed this week in Berlin for an initial term of seven years. The law firm has the option of extending the lease twice for five years in each case. This new lease agreement effectively reduces the building's EPRA Vacancy Rate to approx. 5.2%.

TLG IMMOBILIEN AG acquired and added the "Spreétage" office building to its portfolio in the first quarter of 2014. At that time, the vacancy rate amounted to approx. 13%. The majority of TLG IMMOBILIEN's office property portfolio is located in Berlin. Additional portfolios are located mainly in regional economic centres such as Dresden, Leipzig and Rostock. Tenants for TLG IMMOBILIEN's office properties are primarily economically strong private companies and publicly owned entities.


Christoph Wilhelm
Corporate Communications
Tel: +49 30 2470 6355
E-Mail: [email protected]
Sven Annutsch
Investor Relations
Tel: +49 30 2470 6089
E-Mail: [email protected]

TLG IMMOBILIEN AG is a stock exchange-listed leading commercial real estate company focusing on Berlin and growth regions in Eastern Germany. For over 20 years, TLG IMMOBILIEN has been synonymous with real estate expertise in Germany's East. TLG IMMOBILIEN 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 is specialised in commercial properties for office and retail use. TLG IMMOBILIEN focuses on managing a high-quality portfolio of office properties in Berlin and other regional economic centres, as well as a regionally diversified portfolio of retail properties in highly frequented micro locations. The portfolio also includes five hotels in Berlin, Dresden and Rostock. TLG IMMOBILIEN's properties stand out not only due to their excellent locations but also because of their very long-term rental or lease agreements.
As at 30 June 2015, the value of the properties under IFRS totalled EUR 1.622 bn. As at the same reporting date, the EPRA Net Asset Value per share amounted to EUR 16.31.

2015-09-23 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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