08.05.2018
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DGAP-News: GIEAG Immobilien AG: GIEAG launches MAYLIVING/MAYOFFICE building project in Stuttgart
DGAP-News: GIEAG Immobilien AG / Key word(s): Real Estate/Miscellaneous
GIEAG Immobilien AG: GIEAG launches MAYLIVING/MAYOFFICE building project in
Stuttgart
08.05.2018 / 17:03
The issuer is solely responsible for the content of this announcement.
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GIEAG launches MAYLIVING/MAYOFFICE building project in Stuttgart
● Project development with 70 owner-occupied apartments
● Construction of around 10,000 square meters of office and commercial space
● Scheduled for completion in 2019
Munich, 8 May 2018. GIEAG Immobilien AG (GIEAG) has started to execute its
MAYLIVING/MAYOFFICE construction project in Stuttgart. A total of 70
owner-occupied apartments and around 10,000 square meters of office and
commercial space will be created on the plot in Maybachstraße. Sufficient
car parking will also be created with a three-level underground parking
garage. The project is scheduled for completion in 2019 and is being
financed by Kreissparkasse Esslingen-Nürtingen.
As a result of its location at the "new" Theaterplatz in Stuttgart and the
attractive project design GEIAG is already enjoying a great degree of
interest from potential tenants and purchasers for the office space and
apartments, even at the start of construction. A long-term rental agreement
was already concluded with the childcare facility KINDERVILLA when marketing
for the project commenced. The project comprises two buildings, thus
creating an attractive, mixed quarter. The two buildings will be connected
to each other with a interior courtyard filled with greenery.
Thomas Männel, a member of GIEAG's managing board, commented: "Our
experience gathered over the past roughyl two decades is coming together in
the MAYLIVING/MAYOFFICE project development. I am very pleased with the high
level of interest in the apartments and the commercial areas, even at the
start of marketing."
Alexander Pferschy, a member of GIEAG's supervisory board added: "We are
creating new residential space for high-quality living in this project, as
well as attractive offices and commercial facilities. In addition, from an
urban development perspective we are making a key contribution to designing
the "new" Theaterplatz in Stuttgart."
About GIEAG Immobilien AG (GIEAG)
GIEAG is a family-run Munich based, public limited real estate company.
Shares of GIEAG Immobilien AG are traded on the Munich stock exchange.
GIEAG's team of experts guarantees innovative and future-proof concepts. The
combination of three asset classes - office, residential and logistics - and
its two areas of activities - development and investment - means that the
company has a stability that is unique on the market. During the past 18
years GIEAG Immobilien AG has developed and optimised a large number of real
estate projects ranging in size from between 1,500 m2 to 145,000 m2 and with
individual investment amounts of up to EUR 100 million. A partner-like
approach, consistency, secure transactions and speed form the basis of
GIEAG's sustainable value growth.
Contact
GIEAG Immobilien AG
Investor Relations, Philipp Pferschy
Oettingenstraße 35
80538 Munich
[email protected]
Telephone: +49 89 290516-0
edicto GmbH
Axel Mühlhaus, Peggy Kropmanns
[email protected]
Tel.: +49 69 905505-52
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08.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: GIEAG Immobilien AG
Oettingenstrasse 35
80538 München
Germany
Phone: +49 89 290516-0
Fax: +49 89 290516-11
E-mail: [email protected]
Internet: www.gieag.de
ISIN: DE0005492276
WKN: 549227
Listed: Regulated Unofficial Market in Munich
End of News DGAP News Service
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