GIEAG Immobilien AG: GIEAG acquires property with 25,000 square metres in Kümmersbruck

München (pta026/29.09.2022/13:28 UTC+2)

• Construction of a sustainable business park planned

Munich, 29.09.2022 - GIEAG, a nationwide project developer, has acquired a plot of land with an area of approx. 25,000 square metres in Kümmersbruck in the metropolitan region of Nuremberg. The plot is located in the Grubenäcker development area of the Theuern industrial estate, a district of the municipality of Kümmersbruck. GIEAG is planning the construction of a modern and sustainable business park here.

"We are developing a business park that will conserve natural resources and comply with all aspects of sustainable construction and business", explains Philipp Pferschy, CEO of GIEAG. The business park will be built using a sustainable construction method. A green roof and a photovoltaic system are also planned. Operation will be independent of fossil fuels. Completion is scheduled for the end of 2024.

The new business park is aimed at medium-sized businesses in the region. It offers flexible floor areas from 1,250 square metres, each equipped with dock levellers and level entrance gates. A total of approx. 12,000 square metres of gross floor space is planned.

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 15 to 150 million euros. Partnership, transaction security, perseverance and speed are the basis of sustainable value development for GIEAG.

(end)

Emitter:	GIEAG Immobilien AG Montgelasstraße 14 81679 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