Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: Thomson Reuters StreetEvents
$75.00
Provider: Thomson Reuters StreetEvents
$75.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

TAG Immobilien AG Sells Three Residential Complexes to Union Investment Institutional Property GmbH


Thursday, 10 Jan 2013 04:02am EST 

TAG Immobilien AG (TAG) announced that at the end of 2012 that it has sold three residential complexes encompassing 1,384 residential units in Berlin for a total of EUR 87 million. The disposal results in pre-tax earnings of approximately EUR 12 million based on the IFRS booking values. The new owner of the residential complexes is Union Investment Institutional Property GmbH. The payment of the purchase price and the transfer of possession, rights and obligations are scheduled for the end of January 2013.