GIEAG Immobilien AG: GIEAG leases 2,000 square metres to Design Offices

München (pta010/10.10.2022/11:04 UTC+2)

• GERLINGEN WORK office complex exemplary for modern working environments
• Around 90 per cent of the 26,000 square metres of space let

Munich, 10.10.2022 - The nationwide project developer GIEAG Immobilien AG (GIEAG) can report a further leasing success for the modern multi-tenant office building GERLINGEN WORK on the outskirts of Stuttgart. The Nuremberg-based company Design Offices is moving into around 2,000 square metres of office space. This means that more than 90 percent of the space has been let. Most recently, the insurance company BNP Paribas Cardif moved into around 3,200 square metres at the beginning of 2022. Other tenants include SAP, Robert Bosch, frechverlag and the catering company Aramark. The office complex has a total lettable area of around 26,000 square metres and was completed by GIEAG in 2020.

"We are very pleased to have gained another attractive tenant for GERLINGEN WORK in Design Offices," says Philipp Pferschy, GIEAG board member, adding: "As a project developer, we attach great importance to the property and the range of uses offered therein providing added value for our tenants and their employees." Pferschy continues: "The GERLINGEN WORK is a modern, flexible and high-quality office building in the Stuttgart metropolitan region. It meets all the requirements of modern working environments such as digitalisation and Industry 4.0." For example, hollow floors on the floors ensure a high degree of flexibility in the digital supply of the workplaces, especially the workspace zones. The

GERLINGEN WORK offers sophisticated architecture and spaces equipped to a high standard. Large window elements create light-flooded office and conference rooms with a pleasant working atmosphere.

With over 40 locations in 15 cities across Germany, Design Offices is one of the largest providers of flexible office, coworking and event spaces as well as meeting and conference rooms. Since its founding in 2008, the Nuremberg-based company has been considered a pioneer and driver of new working environments. Design Offices offers its customers motivating space solutions, flexible usage scenarios, prime locations, good accessibility and a high quality of service. The offices are characterised above all by high design standards and full flexibility.

The new office building GERLINGEN WORK is located in Gerlingen, in the immediate vicinity of the Stuttgart city limits and is very well connected to public transport. This is the fourth real estate project for GIEAG Immobilien AG in the greater Stuttgart area.

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.

(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