DGAP-News: TLG IMMOBILIEN AG / Key word(s): Disposal/Real Estate
TLG IMMOBILIEN AG CONTINUES FURTHER SUCCESSFUL DISPOSAL ACTIVITY AFTER DISPOSALS IN 2020 ABOVE BOOK VALUE
2021-02-11 / 18:29
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TLG IMMOBILIEN AG CONTINUES FURTHER SUCCESSFUL DISPOSAL ACTIVITY AFTER DISPOSALS IN 2020 ABOVE BOOK VALUE
Berlin, 11 February 2021 - TLG IMMOBILIEN AG (the "Company" or "TLG") successfully continues its disposal activity in
2021 and is in advanced disposal negotiations of approx. EUR 250 million year-to-date ("2021 Disposals") after signing
disposals of approx. EUR 1 billion in 2020.
The 2021 Disposals are being executed through various transactions and comprise office and retail properties in
Leipzig, Dresden and Berlin.
The disposals are in line with TLG's strategy to focus on core assets of mainly offices in top German cities. The
proceeds from disposals strengthen the Company's liquidity position and can be utilized to fund the share buyback, debt
repayments and for other corporate activities.
Further, Mr Ronny Schneider has stepped down from his position as a member of the management board of TLG due to
personal reasons in order to pursue further challenges. The company thanks Mr Schneider for his support in this
transition period.
Contact
TLG IMMOBILIEN AG
Armin Heidenreich
General Counsel
Hausvogteiplatz 12
10117 Berlin
Phone: +49 30 2470 6343
E-mail: armin.heidenreich@tlg.de
About the Company
For over 25 years, the listed company TLG IMMOBILIEN AG has owned and rented out commercial properties in selected
promising locations in Germany. The company continuously develops its portfolio and actively generates value through
strategic investments and selected property acquisitions. The portfolio comprises mainly office properties in cities
including Berlin, Dresden, Frankfurt/Main, Leipzig and Rostock. The properties of TLG IMMOBILIEN AG stand out not only
due to their excellent locations but also because of their long-term rental or lease agreements. Its highly qualified
employees guarantee extensive local market expertise at its individual locations. In 2020, TLG merged with Aroundtown
SA (AT1) which is the controlling shareholder of TLG.
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2021-02-11 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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Language: English
Company: TLG IMMOBILIEN AG
Hausvogteiplatz 12
10117 Berlin
Germany
Phone: 030 - 2470 - 50
Fax: 030 - 2470 - 7337
E-mail: ir@tlg.de
Internet: www.tlg.de
ISIN: DE000A12B8Z4
WKN: A12B8Z
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1167855
End of News DGAP News Service
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1167855 2021-02-11
(END) Dow Jones Newswires
February 11, 2021 12:31 ET (17:31 GMT)