DGAP-News: GIEAG Immobilien AG

DGAP-News: GIEAG Immobilien AG: GIEAG launches new major project in Stuttgart

DGAP-News: GIEAG Immobilien AG / Key word(s): Real Estate GIEAG Immobilien AG: GIEAG launches new major project in Stuttgart

29.07.2016 / 12:06 The issuer is solely responsible for the content of this announcement.

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GIEAG launches new major project in Stuttgart

- "Maybachstraße" project with office and residential space and 17,000 square meters of gross floor space

- Investment volume of more than EUR 50 million

- Successor project for OASIS II in Stuttgart's Pragsattel district

- Construction scheduled to start in Q2 2017; completion scheduled for Q2 2019

Munich, 29 July 2016. GIEAG Immobilien AG (GIEAG) has made key progress in its project development business and has launched a further major project in Stuttgart. The office property OASIS II in Stuttgart's Pragsattel district was completed in 2015 and sold to the well-known investor Amundi, and the "Maybachstraße" project is now to be realised in the immediate vicinity. Two properties - an office property and a residential property - are to be realised on a site with a total area of around 5,800 square meters and with total floor space of around 17,000 square meters. The total investment volume is more than EUR 50 million.

Construction work is scheduled to start in the second quarter of 2017 and take place in several stages. The project is expected to be fully completed in 24 months, in the second quarter of 2019. Both the planned office property and also the residential building will each have gross floor space of around 8,500 square meters. The residential property is for residential ownership and offers an attractive mix of dwellings with so-called town houses with two floors and private gardens.

Christoph Klotz, a member of GIEAG Immobilien AG's managing board commented: "We have now very successfully realised and sold OASIS II - the largest project development in our company's history. Following on from this success we are launching our latest major project with similar dimensions - a volume of more than EUR 50 million and also with an estimated construction period of 24 months. This once again proves our competence as an experienced project developer for state-of-the-art real estate and our excellent access to the market. We are also forecasting attractive returns from this project."

About GIEAG Immobilien AG (GIEAG)

The project development company GIEAG Immobilien AG, which is abbreviated as GIEAG (www.gieag.de) and was founded in December 1999, supports its clients from the initial idea, to the financial and realisation of projects, and on to the sale of the finished property. Its main focus is on the development of residential properties, office buildings, and logistic centres. In addition, GIEAG also operates as an investor for residential real estate located primarily in southern Germany with particularly high potential for development.

Contact:

GIEAG Immobilien AG Investor Relations, Philipp Pferschy Oettingenstraße 35 80538 Munich ir@gieag.de Telephone: +49 89 290516-0

edicto GmbH Axel Mühlhaus, Peggy Kropmanns amuehlhaus@edicto.de Tel.: +49 69 905505-52

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29.07.2016 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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487665 29.07.2016