GIEAG leases 2,000 square meters to Design Offices

DJ PTA News: GIEAG Immobilien AG: GIEAG leases 2,000 square meters for design offices

Corporate announcement to the capital market

Munich (pta011/10.10.2022/11:05) – * The GERLINGEN WORK office complex is an example of modern work environments * About 90 percent of the 26,000 square meter area is leased

Munich, October 10, 2022 – Nationwide project developer GIEAG Immobilien AG (GIEAG) can report another rental success for the modern multi-tenant office building GERLINGEN WORK on the outskirts of Stuttgart. The Nuremberg company Design Offices is moving into approximately 2,000 square meters of office space. This means that more than 90 percent of the space is rented. Most recently, insurance company BNP Paribas Cardif settled on around 3,200 square meters in early 2022. Other tenants include SAP, Robert Bosch, frechverlag and the catering company Aramark. The office complex has a total leasable area of ​​around 26,000 square meters and was completed by GIEAG in 2020.

“We are very pleased to have found another attractive tenant for GERLINGEN ARBEJDE in Design Offices,” says Philipp Pferschy, CEO of GIEAG, adding: “As a project developer, we attach great importance to the property and the range of uses, the offers, gives our tenants and their employees added value.” Pferschy continues: “GERLINGEN WORK is a modern, flexible and high-quality office building in the Stuttgart capital region. It meets all the requirements for modern work environments such as digitization and Industry 4.0”. Cavity floors on the floors ensure a high degree of flexibility in the digital offer of the workplaces, especially the workspace zones. GERLINGEN WORK offers a sophisticated architecture and high-quality equipped areas. Large window elements create light-filled offices and conference rooms with a pleasant working atmosphere.

With more than 40 locations in 15 cities throughout Germany, Design Offices is one of the largest providers of flexible office, co-working and event spaces as well as meeting and conference rooms. Since it was founded in 2008, the Nuremberg-based company has been regarded as a pioneer and driver of new working environments. Design Offices offers its customers motivating room solutions, flexible usage scenarios, the best locations, good accessibility and high quality of service. Above all, the offices are characterized by high design standards and full flexibility.

The new office building GERLINGEN WORK is located in Gerlingen, in the immediate vicinity of Stuttgart’s city limits and is very well connected by public transport. For GIEAG Immobilien AG, this is the fourth real estate project in the Stuttgart area.

About GIEAG Immobilien AG: GIEAG is a family-run real estate company in Munich. GIEAG Immobilien AG shares are traded on the Munich Stock Exchange, the Frankfurt Stock Exchange and on Xetra. By combining the three asset classes – office, residential, logistics – and the two service areas development and portfolio management, the company offers a stability that is unique on the market. The GIEAG team of experts is a guarantee of innovative and forward-looking concepts

In the past 22 years, GIEAG Immobilien AG has developed and optimized a large number of real estate projects with areas of up to 145,000 square meters with an individual investment amount of 15 to 150 million euros. Partnership, transaction security, persistence and speed are the basis for sustainable value development for GIEAG.

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Sender: GIEAG Immobilien AG Address: Montgelasstraße 14, 81679 Munich Country: Germany Contact person: Philipp Pferschy Tel.: +49 89 290516-0 E-mail: ir@gieag.de Website: www.gieag.de

ISIN(s): DE0005492276 (share) Exchange: Freiverkehr in Munich

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(END) Dow Jones Newswires

October 10, 2022 05:06 ET (09:06 GMT)

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