TLG IMMOBILIEN AG entered into a business combination agreement with Aroundtown SA to create one of the leading commercial real estate companies in Europe. Under the terms of the BCA, Aroundtown intends to launch a voluntary public exchange offer to all TLG shareholders. The combination will create the leading pan-European commercial real estate platform with over EUR 25 billion in assets primarily in office, hotel and residential real estate.

The combined portfolio will provide exposure to key metropolitan cities with Berlin, Frankfurt, Dresden, Leipzig, Munich, London, Hamburg and Amsterdam, representing more than half of the portfolio. In addition, a development portfolio of nearly EUR 2 billion and a combination of management capabilities enables significant future value creation, including for tenants and shareholders.