GIEAG Immobilien AG: Decision taken to develop the Finsinger Feld project captured

München (pta022/09.12.2021/11:04 UTC+1)

GIEAG receives green light for the concrete planning of a commercial area of more than 85.000 square meters in Ottobrunn near Munich

Munich, 09. December 2021 - Munich-based project developer GIEAG Immobilien AG (GIEAG) can announce an important milestone for the Finsinger Feld project in Ottobrunn near Munich. At its meeting on December 7, 2021, the planning and environmental committee of the Ottobrunn municipal council passed the resolution to prepare the development plan for the Finsinger Feld commercial site. With this project, GIEAG is developing an office and technology campus of more than 85.000 square meters by redensifying an already existing commercial area of approx. 19 hectares in Ottobrunn. Current planning provides for a realisation period of at least 10 years across all phases and construction stages.

The basis for the decision on the development of the site is an urban master plan by the firm of HENN Architekten, Munich, which had previously emerged as the winner of a multiple tender involving four renowned firms. Parallel to the urban land use planning, a technical master plan for the sustainable energy and mobility supply of the future campus is being prepared. The realization will take place in several construction phases. The development plan specifies a structure with flexible construction fields and thus enables a development that can react to market developments and user requirements in the best possible way.

"We are very pleased about this extremely important step for the Finsinger Feld project. A new quarter is being created in the dynamic environment of Ottobrunn that combines flexible and economical space for a wide variety of office and light industrial uses such as offices, administration, service, production, laboratory and warehouse space in one location. We continue to see a very attractive market situation for the development of large-scale office and commercial properties in and around Munich'', explains Philipp Pferschy, member of the GIEAG Management Board. "With this project we also want to set new standards in ecological and social sustainability. Our goal is, among other things, a climate-friendly energy supply, the use of construction methods with a low CO 2 footprint as well as an intermodal mobility concept for users and visitors. Moreover, the potential space in the quarter will not be created through new sealing, but through consistent redensification of the existing commercial area. Gastronomy, fitness and local shopping facilities and the direct connection to the neighbouring Hachinger Tal landscape park create an attractive workplace environment and will ensure a high quality of stay," adds Dr. Rüdiger Kühnle, senior project developer and overall project manager responsible for the project.

The commercial area in Ottobrunn is located only a few minutes away at the south-eastern city limits of Munich. The community is directly connected to the Bavarian capital and the surrounding area via the A99 and A8 motorways. In the triangle of the University of the Federal Armed Forces Munich, the new Faculty of Aeronautics, Astronautics and Geodesy at the Ludwig-Bölkow-Campus and the Campeon Park, the Campus Finsinger Feld will add another building block to the high-tech location Ottobrunn.

Links:

Urban master plan (originator: Henn Architekten / Ramboll Studio Dreiseitl): FFO_Masterplan_Henn

Model photo of the urban development concept (originator: Henn Architekten): FFO_Arbeitsmodell_Henn

Circumference of the decision on the development of the site (author: Dragomir Stadtplanung): FFO_Umgriff Aufstellungsbeschluss_Dragomir

About GIEAG Immobilien AG:

GIEAG is a family-run Munich-based 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 21 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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Emitter:	GIEAG Immobilien AG Oettingenstraße 35 80538 München Germany
Contact Person:	Philipp Pferschy
Phone:	+49 89 290516-0
E-Mail:	ir@gieag.de
Website:	www.gieag.de
ISIN(s):	DE0005492276 (Share)
Stock Exchange(s):	Free Market in Munich