DGAP-Ad-hoc: TLG IMMOBILIEN AG / Key word(s): Disposal/Real Estate
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.
TLG IMMOBILIEN AG
29-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||TLG IMMOBILIEN AG|
|Phone:||030 - 2470 - 50|
|Fax:||030 - 2470 - 7337|
|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