TLG Immobilien AG (ISIN: DE000A12B8Z4) has been listed in the Prime Standard of the Frankfurt Stock Exchange since 24 October. This makes approximately 61 million shares tradable. The initial listing price was 10.88€; the issue price 10.75€. The total issue volume including greenshoe was €396 million.
The consortium banks are J.P. Morgan and UBS. Baader Bank AG is the specialist.
Peter Finkbeiner, Member of the Management Board of TLG IMMOBILIEN AG, says: “Today’s IPO is a milestone in the history of TLG. The step onto the floor of the stock exchange opens up significant opportunities for the future development of TLG”. Niclas Karoff, Member of the Management Board of TLG IMMOBILIEN AG, adds: “With our solid and proven business model, the Company is well positioned to benefit from the growth opportunities in the commercial real estate sector in Eastern Germany. We intend to let our shareholders appropriately participate in the success of TLG.”
According to the company's own data, TLG IMMOBILIEN is a leading commercial real estate specialist in Berlin and the growth regions of Eastern Germany for over 20 years. As an active portfolio manager, TLG IMMOBILIEN focuses on managing a high-quality portfolio of office properties in Berlin and other regional commercial hubs, as well as a regionally diversified portfolio of retail properties in high-traffic micro-locations.