DGAP-News: TLG IMMOBILIEN AG / Key word (s): Real Estate
TLG IMMOBILIEN AG SUCCESSFULLY COMPLETES CONSTRUCTION MEASURES FOR THE NEO OFFICE PROPERTY IN DRESDEN
18.12.2020 / 10:52
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TLG IMMOBILIEN AG SUCCESSFULLY COMPLETES CONSTRUCTION MEASURES FOR THE NEO OFFICE PROPERTY IN DRESDEN
Berlin, December 18, 2020 – TLG IMMOBILIEN AG (the “Company” and together with its subsidiaries “TLG”) has successfully completed the construction work for the NEO office property in the Neustadt district of Dresden, after the company received the building permit in mid-2019. Acceptance is currently taking place and TLG expects the office to open as planned in January. The office property, which has approx. 15,000 m² of rental space has already been rented to around 70% for an average of 10 years to an international blue chip company and a federal company. TLG is currently in advanced negotiations for the remaining approx. 30%.
ABOUT THE PROJECT “NEO”
NEO stands for New Town, Efficiency & Offices in an Excellent Location. A total of approx. 15,000 m² rental space, certified according to the LEED Gold standard for ecological building, as well as 132 parking spaces. The office property at Großenhainer Straße 5-7, 01097 Dresden is located in Dresden Neustadt within walking distance of Neustadt train station and offers very good connections to the A4 motorway and tram.
With its modern and timeless architecture, the ensemble fits perfectly into the surrounding development. All classic and modern office concepts can be implemented in the multi-tenant-capable office building.
Contact
TLG IMMOBILIEN AG
E-Mail: [email protected]
about the company
The listed TLG IMMOBILIEN AG has owned and rented commercial properties in selected promising German locations for more than 25 years. It continuously develops its portfolio and actively creates value through targeted investments and selected property purchases. The portfolio mainly comprises office properties in Berlin, Dresden, Frankfurt am Main, Leipzig and Rostock, among others. The properties of TLG IMMOBILIEN AG are characterized by good and very good locations as well as long-term rental and lease agreements. Your qualified employees guarantee a high level of local market expertise at the individual locations. In 2020 TLG merged with Aroundtown SA (AT1), which is the majority shareholder of TLG.
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12/18/2020 Publication of a Corporate News / Financial News, transmitted by DGAP – a service of EQS Group AG.
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