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Corporation
FINANCIAL | Real Estate / Residential Property Management
tlg.eu

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Stage

Acq - Pending | Acquired

Valuation

$0000 

About TLG Immobilien

TLG Immobilien owns and rents out commercial properties in selected promising locations in Germany. Its portfolio comprises office properties in cities including Berlin, Dresden, Frankfurt/Main, Leipzig and Rostock. It also contains a regionally diversified portfolio of retail properties, primarily in the neighbourhood shopping segment, in promising micro-locations as well as seven hotels in top central locations.

TLG Immobilien Headquarter Location

Hausvogteiplatz 12

Berlin, 10117,

Germany

+49 (0)30 - 2470 50

Latest TLG Immobilien News

WCM Beteiligungs und Grundbesitz : TLG IM­MO­BILIEN AG sub­scribes to cap­i­tal in­crease and in­creases its stake in WCM Beteili­gungs- und Grundbe­sitz-Ak­tienge­sellschaft

May 31, 2021

05/31/2021 | 03:18pm EDT Message : *Required fields NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Disclosure of an inside information acc. to Article 17 Sec. 596/2014 (Market Abuse Regulation - MAR) TLG IMMOBILIEN AG subscribes to capital increase and increases its stake in WCM Beteiligungs- und Grundbesitz-Aktiengesellschaft Berlin, Germany, May 31, 2021 - Today, the Management Board of WCM Beteiligungs- und Grundbesitz-Aktiengesellschaft (the 'Company') (ISIN DE000A1X3X33 / WKN A1X3X3) resolved, with the approval of the supervisory board, on a capital increase against cash contributions excluding the subscription rights of the Company's shareholders by utilizing the Authorized Capital 2017. For this purpose, the Company shall issue 13,680,255 no-par value bearer shares with a profit participation as of January 1, 2021 to TLG IMMOBILIEN AG ('TLG') at a placement price of EUR 4.95 per new share. The placement price is equal to the last XETRA closing price of the Company's shares on the Frankfurt Stock Exchange plus a premium of about 3%. The Company will receive gross issue proceeds of approximately EUR 68 million. After the completion of the capital increase, TLG will hold approximately 94.94% of the capital stock of the Company and will thus continue to be the largest single shareholder of the Company. WCM intends to use the expected net proceeds from the capital increase for general corporate finance purposes. Contact:

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