TLG targets doubling size of the company after WCM deal - execs

WCM Beteiligungs und Grundbesitz AG

11/05/2017 12:19

TLG Immobilien  TLGG.DE  executives tell Reuters   
    * "We want to acquire more property this year and going 
forward want to double what we have currently," says Niclas 
Karoff    
    * TLG, WCM merger creates commercial real estate portfolio 
of about 3 billion euros. The combined 447 properties have a 
rental income of 204 million euros. The combined group will be 
able to benefit from WCM's 150-180 million euros of losses 
carried forward 
    * "We have a realistic chance of being included in Germany's 
midcap index MDAX," says Peter Finkbeiner      
 
Story on the deal:  urn:newsml:reuters.com:*:nL8N1IC5FD 
Further company coverage:  TLGG.DE  
 
 (Reporting by Alexander Hübner) 
 ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270))