DGAP-News: TLG IMMOBILIEN AG / Key word(s): Real Estate/Contract
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.
About TLG IMMOBILIEN AG
2015-09-23 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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|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|