Press release

TLG IMMOBILIEN AG closes in full occupancy after renting out 6,000 sqm in Alexanderstrasse 1, 3, 5 in Berlin and also achieves full occupancy on Hausvogteiplatz

- BIM Berliner Immobilienmanagement GmbH is renting out approx. 6,000 sqm of office space at Alexanderstrasse 1, 3, 5 in Berlin

- The last of the free office space at Hausvogteiplatz 12 has been rented out

- Both properties are now fully occupied
 

Berlin, 26 January 2017 - Following the conclusion of two rental agreements, TLG IMMOBILIEN AG can report almost full occupancy at the office property in Alexanderstrasse 1, 3, 5 as well as at its headquarters at Hausvogteiplatz 12.

A total of approx. 6,000 sqm of office space at Alexanderstrasse 1, 3, 5 - the second-largest office property in the portfolio of TLG IMMOBILIEN AG with around 43,000 sqm of lettable area in total - is being transferred to BIM Berliner Immobilienmanagement GmbH, a company owned by the state of Berlin, in several stages between January and March 2017. The rental agreement has a term of 5 years. This central property is therefore virtually full occupied, even though its vacancy rate was still around 25% on 31 December 2015.

The office building at Hausvogteiplatz 12 will also be fully occupied as of February 2017. Around 430 sqm of representative office space was rented out recently. This location is not far from the Gendarmenmarkt in the heart of the city and is also the location of the headquarters of TLG IMMOBILIEN AG in Berlin.

Sven Graven, Branch Manager at TLG IMMOBILIEN AG, explains: 'The enormous reduction of vacancy rates on Alexanderplatz in so short a time is a clear indication of the high demand for office space at this location and in the capital as a whole.'

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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 over 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, Frankfurt/Main, Dresden, Leipzig and Rostock. 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.

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.