History of TLG IMMOBILIEN
From trust privatization to active portfoliomanegment
TLG IMMOBILIEN split off the lion's share of its housing stock and transferred it to the newly founded TLG WOHNEN. The privatization of both companies was started in spring. By the end of the year Lone Star acquired TLG IMMOBILIEN; TLG WOHNEN was sold to TAG IMMOBILIEN AG.
With a ‘20 years ahead’ motto on our mind, TLG IMMOBILIEN was celebrating its twentieth anniversary. Given the positive economic and real estate environment, the shareholder decided to privatise the company in 2012.
For the ninth time in succession, TLG IMMOBILIEN reported a profit in the two-digit million range and doubled the dividends paid to the shareholder. The company completed its largest investment project ‘Die Welle. Mitte’, a hotel and office building on Alexanderplatz in Berlin.
The conversion of TLG IMMOBILIEN is complete. The company is successfully positioned as no. 1 for real estate in Eastern Germany with the office, retail, commercial and residential segments.
Under its new name of TLG IMMOBILIEN, the company reaches profitability and since then has shown profits.
With its strategic reorientation, TLG IMMOBILIEN begins the conversion from a sales-oriented trust privatizing company to an active portfolio manager with the core competencies rental, development, acquisition and sales.
The Federal Republic of Germany assumes the company‘s shares. TLG IMMOBILIEN buys – financed by loans – the non-operating properties of the former Treuhandanstalt.
Founding of the company as a subsidiary of the German state privatization agency (Treuhandanstalt).