From trust privatiser to active portfolio manager
2000 - 2007: Restructuring into an active portfolio manager
| Year | Properties (number) |
Investments (in millions of €) |
Turnover (in millions of €) |
From sales | From lets | Annual returns (in millions of €) |
Property assets (in millions of €) |
No. of employees |
|---|---|---|---|---|---|---|---|---|
| 2000 | 27.256 | 273 | 408,3 | 199,3 | 185,8 | -84,7 | 1.396 | 1.181 |
| 2001 | 18.095 | 123 | 367,9 | 177,9 | 162,0 | -20,9 | 1.249 | 1.076 |
| 2002 | 10.435 | 104 | 282,5 | 125,3 | 146,3 | 42,6 | 1.161 | 916 |
| 2003 | 6.026 | 147 | 245,7 | 106,2 | 132,0 | 31,4 | 1.189 | 776 |
| 2004 | 3.621 | 215 | 225,5 | 84,4 | 128,9 | 28,1 | 1.132 | 649 |
| 2005 | 2.633 | 125 | 194,9 | 63,0 | 126,2 | 20,8 | 1.156 | 519 |
| 2006 | 2.132 | 200 | 188,0 | 50,2 | 131,6 | 25,5 | 1.177 | 407 |
| 2007 | 1.494 | 279 | 192,7 | 47,4 | 142,2 | 52,4 | 1.416 | 354 |
| 2008 | 1.359 | 229 | 218,2 | 59,4 | 156,2 | 46,5 | 1.548 | 343 |
| 2009 | 1.241 | 152 | 203,0 | 30,3 | 171,6 | 26,1 | 1.610 | 308 |
2007
For 2007, TLG IMMOBILIEN reports an annual surplus of 52,4 million euros after tax - an eight-digit annual surplus for the sixth year in succession.
The equity capital has grown to 939 million euros. The property assets include a portfolio of 1.500 residential and commercial properties valued at 1,4 billion euros. At 279 million euros, the volume of investment was nearly 40 % higher than in the previous year.
Since 2000 – the year of the strategic realignment to active portfolio management – TLG IMMOBILIEN has put around 45,000 properties onto the market and at the same time by the end of 2007 has invested nearly 1,5 billion euros in the development of its property portfolio and the acquisition of cost-efficient properties. In 2007 the turnover from lettings, etc., accounts for almost three-fourth of the total turnover.
2006
TLG IMMOBILIEN purchases the major share of the property company that owns the Hotel de Saxe. The four star hotel which is operated by Steigenberger, is located directely opposite the Dresden Frauenkirche. Almost all the subsidiary companies have been reintegrated and their property portfolios to a large extent have been incorporated into that of the parent company.
2005
TLG IMMOBILIEN is the Winner of the 2005 Real Estate Marketing Award in the category “Corporate Concepts” for the realignment of the company and its positioning in the market.
2004
The three branch offices for Saxony, Saxony-Anhalt and Thuringia are combined into one Southern branch with its headquarters in Dresden.
Our biggest individual purchase to date: we acquire the fully let "Spreestern" a commercial property on Salzufer in Berlin.
2003
The positioning offensive as an active portfolio management company begins with the start of the “Red Carpet” image campaign and the introduction of the company slogan “STRONG IN THE EAST”. The property leasing programme "ImmoLeasing plus", which is aimed at middle-sized companies, is introduced.
2002
The company finally breaks free from its original trustee mandate with its new name – TLG IMMOBILIEN GmbH – and some changes to its Articles of Association. TLG IMMOBILIEN emerges as a stronger purchaser of premium properties. For the first time the turnover from lettings exceeds that of sales.
2000
The consistent strategic reorientation of the company from trust privatiser to active portfolio manager with core competences in letting, development, acquisition and sales is introduced and implemented.
We increase investments in our own stock and in acquisitions and sales.
