GIEAG Immobilien AG: GIEAG reports further leasing success for GERLINGEN WORK

München (pta012/14.01.2022/10:30 UTC+1)

GIEAG reports further leasing success for GERLINGEN WORK

• More than 80 per cent of the total space let

Munich/Stuttgart, 14.01.2022 - The nationwide project developer GIEAG Immobilien AG (GIEAG) has recorded a further leasing success at its large-scale office complex GERLINGEN WORK in Gerlingen near Stuttgart. BNP Paribas Cardif in Germany has been secured as a long-term tenant. BNP Paribas Cardif is the international insurance company of the leading French banking group BNP Paribas. The leased office space comprises more than 3,200 square metres on the third floor as well as on the staggered floor of the modern office complex at Dieselstraße 5 in Gerlingen. The letting came about with the support of BNP Paribas Real Estate.

"We are very pleased that we have been able to take another important step for GERLINGEN WORK with another successful letting. This means that around 80 per cent of the total space in the second construction phase has now been let on a long-term basis. The remaining space is being marketed by Immoraum GmbH as the lead broker," explains Jürgen Gerst, Managing Director of the project company. "The leasing success came about because we are able to offer customised solutions. Despite the current discussion about the importance of office workplaces and their future, we were able to implement our tenant's high demands for a modern and future-oriented workplace," Gerst adds.

Philipp Pferschy, CEO of GIEAG, comments: "As a project developer, we attach great importance to the property and the range of uses it offers providing added value for our tenants and their employees. In addition to our previous well-known tenants such as Robert Bosch GmbH, SAP, Aramark as a gastronomy service provider and a professionally managed fitness studio, we are now very pleased to have gained another attractive tenant for GERLINGEN WORK in the form of Cardif".

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 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 Euro 15 to 150 million. 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