GIEAG Immobilien AG (GIEAG) has made key progress in its new construction project “Gerlingen Work”, with the result that construction can start on schedule in the spring of 2018. A well-known anchor tenant has also been acquired for this office complex in Gerlingen. This tenant will rent around 30 percent of the total of 30,000 m2 in the complex.

GIEAG will build a state-of-the-art, five storey office complex on the 12,500 m2 site of the former site of the pharmaceuticals manufacturer “Salutas”. The complex will also include more than 480 underground parking spaces. GIEAG plans to construct the property in two stages. The first section of construction is set to be completed in the third quarter of 2017 and the second to follow in 2020.

“We place high demands on our projects – both in terms of their location and also their architecture and technical standards. For example, our new construction project “Gerlingen Work” includes highlights in both of these areas and we are very pleased that we have already acquired Bosch as our first long-term tenant for around 30 percent of the office space. We are certain that we will not only create attractive working conditions for future tenants, but that we will also provide a positive impetus for the industrial zone and also for Gerlingen,” explained Thomas Männel, a member of GIEAG’s Managing Board.

Contact

GIEAG Immobilien AG
Philipp Pferschy
Montgelasstraße 14
81679 München
ir@gieag.de
+49 89 290516-0

Press contact

PB3C GmbH
Tauentzienstr. 16
10789 Berlin
gieag@pb3c.com
+49 30 726276-152

About GIEAG Immobilien AG

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

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

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