TLG IMMOBILIEN AG acquires office properties in Frankfurt am Main for approx. EUR 160 m – a strategic market entry for future growth in western Germany
TLG IMMOBILIEN platform is now being expanded to include other growth regions in Germany - Campus Carré in Frankfurt-Niederrad and Olof-Palme-Straße 35 in Frankfurt’s Mertonviertel acquired - Purchase price of approx. EUR 160 m - Contractual annualised in-place rent of around EUR 9.8 m - Fully occupied (99% and 100%) by well-known, reliable anchor tenants - WALT of 4.7 years (Campus Carré) and 9.5 years (Olof-Palme-Straße)more
TLG IMMOBILIEN AG acquires two adjoining neighbourhood shopping centres in Dresden
‘Sachsen Forum’ and ‘Fachmarktzentrum Merianplatz’ acquired - Total net purchase price EUR 22.8 m - Rental agreements for both properties generate around EUR 1.7 m per annum - Total occupancy rate: 99% - Anchor tenants: Konsum Dresden, Rossmann, Penny and Sparkasse - Well-established and highly frequented convenience shopping locationsmore
Study "Market forecast for 2020 - Berlin’s office employees of tomorrow"
Increase in office employees: Berlin is overtaking central London - Berlin-Mitte is leading the start-up scene - Digital companies are driving the development of the office property marketmore