Webdisclosure.com

Search

TLG IMMOBILIEN AG (FRA:DE000A12) TLG IMMOBILIEN ANNOUNCES DISPOSAL OF RETAIL PROPERTIES

Directive transparence : information réglementée

29/06/2020 02:14

DGAP-Ad-hoc: TLG IMMOBILIEN AG / Key word(s): Disposal/Real Estate
TLG IMMOBILIEN ANNOUNCES DISPOSAL OF RETAIL PROPERTIES

29-Jun-2020 / 02:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


29 June 2020 - TLG IMMOBILIEN AG (the "Company" and together with its subsidiaries "TLG") and certain of its subsidiaries entered into an agreement with an investor focused on retail properties for a disposal of a retail property portfolio located in various locations across Germany for a sale price of approx. EUR 190 m and in addition for another retail property portfolio with an aggregate sale price of approx. EUR 300 m for which the buyer has a discretionary rescission right until August 31, 2020.

The sale of the portfolio is above book value and is in line with the Company's strategy to focus on office asset type and pursue disposals of non-core assets.

Contact:
Christoph Wilhelm
TLG IMMOBILIEN AG
Hausvogteiplatz 12
10117 Berlin
Tel.: +49-30-2470-6355
e-mail: christoph.wilhelm@tlg.de

29-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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: 1080669

 
End of Announcement DGAP News Service

1080669  29-Jun-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1080669&application_name=news&site_id=symex