Branicks Group AG / DE000A1X3XX4

Branicks Group AG: Successful new lettings in the “Stadttor” in Heidelberg's Bahnstadt district

Branicks Group AG / Key word(s): Real Estate


26.07.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Frankfurt am Main, July 26, 2024 Press release of the Branicks Group AG   Three long-term leases for around 4,600 sqm of office space New-work space for premium tenants from the tech sector Outstanding asset management performance following fire damage and in a difficult market   Frankfurt am Main, July 26, 2024: Branicks Group AG (“Branicks”), ISIN: DE000A1X3XX4, one of Germany's leading listed real estate companies, has signed three long-term leases for a total of around 4,600 sqm in the “Stadttor Heidelberg” office building in Heidelberg. The tenants are innovation-oriented technology companies with high growth ambitions. With the conclusion of the new leases, the occupancy rate in the ensemble of two buildings is once again well over 90% after the previous main tenant moved out due to a major fire. Shortly before the completion of a comprehensive modernization in 2022, a major fire damaged large parts of the Stadttor Heidelberg property. Branicks then quickly restored the property with an outstanding asset management service, repositioned it on the market and almost fully let it despite the challenging market and damage situation. The result is an ultra-modern, energy-efficient office location with attractive new-work space for flexible, demand-oriented working. Spacious passenger elevators and a roof terrace on the 5th floor increase the attractiveness and user comfort. Branicks acquired the then new building in Heidelberg's Bahnstadt district in 2013 for one of its special office funds. “All three newly acquired tenants have recognized the potential of our space in “Stadttor Heidelberg” and appreciate our performance in asset management. This is based on the commitment, expertise and motivation of our regional teams. With great commitment and speed, they have made the property sustainably attractive in a market environment that was characterized by structural changes and the general tension in the market. We are constantly working to operate our assets successfully and increase their value for our stakeholders,” says Christian Fritzsche, Chief Operating Officer and member of the Executive Board at Branicks. Details of the lettings: Aleph Alpha GmbH, a German provider of an AI-driven language model for companies and public administration, is using 2,759 sqm of office space in the building for its new headquarters in Heidelberg. Dosing GmbH, a specialist in digital solutions for drug therapy safety, is renting around 923 sqm of office space. The company is expanding its research and development department and further developing its market presence. Everest Systems GmbH occupies approx. 913 sqm of office space. The company develops business software for small and medium-sized companies and is using the new location to expand its research and development department. Built in 2012, the building consists of two structures on a shared parking garage at Speyerer Straße 14 and Langen Anger 3-5. It is part of Bahnstadt Heidelberg, one of the largest passive house developments in the world. With its climate-friendly passive construction, the office building sets standards in terms of energy efficiency and high user comfort. The rental space amounts to 11,230 square meters. Employees and customers of the users benefit from the very good location within walking distance of Heidelberg's main railway station, excellent public transport connections and proximity to the A5 and A656 freeways.  For this project, Branicks was once again able to build on its proven collaboration with the law firm Wipfler Rechtsanwälte, which advised on the letting of the space. About Branicks Group AG:
Branicks Group AG (formerly DIC Asset AG) is a leading German listed specialist for office and logistics real estate as well as newly renewable assets with over 25 years of experience in the real estate market and access to a broad investor network. Our basis is the national and regional real estate platform with nine offices in the ground in all major German markets (including VIB Vermögen AG). As of March 31, 2024, we managed properties with a market value of EUR 13.1 billion in the Commercial Portfolio and Institutional Business segments. The Commercial Portfolio segment comprises real estate held for our own account. Here, we generate cash flows from stable rent revenues on long-term leases while also optimizing the value of our portfolio assets through active management and realizing gains from sales. In the Institutional Business segment, we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment products that return attractive dividend yields. The shares of Branicks Group AG are listed in the Prime Standard of the German Stock Exchange (WKN: A1X3XX / ISIN: DE000A1X3XX4). The company is fully committed to sustainability and occupies top positions in ESG-relevant ratings such as Morningstar Sustainalytics and S&P Global CSA. The Branicks Group is also a signatory to the UN Global Compact and the UN PRI network. Properties in the Branicks portfolio have been awarded renowned sustainability certificates such as DGNB, LEED or BREEAM. For more details, go to www.branicks.com   PR Contact Branicks Group AG: Stephan Heimbach Neue Mainzer Straße 32-36 60311 Frankfurt am Main Fon [phone] [e-mail]   IR Contact Branicks Group AG: Jasmin Dentz Neue Mainzer Straße 32-36 60311 Frankfurt am Main Fon [phone] [e-mail]

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26.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language:	English
Company:	Branicks Group AG
	Neue Mainzer Straße 32-36
	60311 Frankfurt am Main
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.branicks.com
ISIN:	DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9
WKN:	A1X3XX, A12T64, A2GSCV, A2NBZG
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID:	1954301

End of News	EQS News Service

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1954301  26.07.2024 CET/CEST