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    DGAP-News  477  0 Kommentare TLG IMMOBILIEN increases its FFO during the first nine months of 2014 and further expands its portfolio - Seite 2


    approximately EUR 30.8 million and net rent for the year excluding
    utilities is anticipated to be EUR 3.0 million.

    Key lease contracts landed in Q3 2014

    In August, Germany's Federal Office for Real Estate Management
    (Bundesanstalt für Immobilienaufgaben) renewed its lease agreement for the
    approximately 18,000 square metres of space it rents at Berliner
    Karl-Liebknecht-Straße 31/33. Also, after expanding the space it rents at
    the "1alex" property at Berlin's Alexanderplatz by some additional 1,600
    square metres, BTB Bildungszentrum now lets approximately 3,600 square
    metres of space.

    The core portfolio's EPRA vacancy rate (3.5 percent as at 30 September
    2014) had once more been decreased as compared to the first half of the
    year. As at the reporting date, the weighted average lease term for the
    office property portfolio amounted to 5.9 years and 7.1 years for the
    retail portfolio.

    Statement of financial position and financing structure remain sound

    As at 30 September 2014, TLG IMMOBILIEN AG had a sound statement of
    financial position and a conservative financing structure. Investment
    property had increased to EUR 1.467 million as at the reporting date (31
    December 2013: EUR 1.415 million). As at 30 September 2014, the net
    Loan-to-Value (LTV) ratio amounted to 46.4 percent; the average borrowing
    costs remained below three percent.

    Management Board bolsters FFO forecast and focus on growth strategy

    "Our business performance to date bolsters the forecast we made prior to
    our IPO, namely that we will succeed in increasing TLG IMMOBILIEN's FFO to
    approximately EUR 50.0 million for the full year in 2014. Beginning in
    2015, our shareholders will share in the success of our company as we
    distribute a dividend comprising 70 to 80 percent of our annual FFO", said
    Peter Finkbeiner, member of the Management Board.

    Niclas Karoff, member of the Management Board, stated, "Our recent
    additions highlight the fact that we are systematically implementing our
    ambitious growth strategy through value-enhancing acquisitions.
    Furthermore, the issue proceeds generated from our IPO on 24 October 2014
    represent a key springboard for us to expand our core portfolio through
    additional positive cash flow properties in the coming months."

    Contact


    Christoph Wilhelm Sven Annutsch
    Corporate Communications Investor Relations
    Phone: +49 30 2470 6355 Phone: +49 30 2470 6089
    Email: christoph.wilhelm@tlg.de Email: sven.annutsch@tlg.de
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    DGAP-News TLG IMMOBILIEN increases its FFO during the first nine months of 2014 and further expands its portfolio - Seite 2 DGAP-News: TLG IMMOBILIEN AG / Key word(s): 9-month figures/Real Estate TLG IMMOBILIEN increases its FFO during the first nine months of 2014 and further expands its portfolio 28.11.2014 / 07:30 …