The DIC Group is one of the leading investors in the German market for commercial real estate

Press Release

GEG: MainTor development fully let

Frankfurt, 04.12.2017

Frankfurt-based GEG German Estate Group AG has concluded the four final large-scale rentals in the WINX Tower, covering a total of approximately 9,000 square metres of commercial floor space. This means that the MainTor development has already been fully let – ten months ahead of completion. The only remaining space is a restaurant area on MainTor Plaza, the development's central square, which will be marketed upon completion of the WINX Tower. All of the rental agreements now concluded were entered into for long-term leases, starting in the fourth quarter of 2018:

• Union Asset Management Holding AG – the asset management arm of Germany’s Volksbanken Raiffeisenbanken cooperative financial network, and majority-owned by DZ BANK – has taken up additional floor space of more than 6,000 sqm (comprising 5,000 sqm in office floor space and 1,000 sqm storage space); overall, the company will occupy approximately 30,500 sqm within the WINX Tower.
• Watson Farley & Williams LLP, a renowned international law firm specialising in M&A and financing transactions, with a focus on the maritime and transport industries, as well as on energy and infrastructure, will be renting more than 1,000 sqm.
• CONTORA Offices Frankfurt GmbH & Co. KG will also be renting more than 1,000 sqm, for the exclusive WINX Tower Office Centre -providing reception and concierge services.
• Another well-known law firm, DLA Piper will be renting an additional 1,000 sqm, bringing the total floor space let to 6,000 sqm.
  

In addition, German restaurant chain Vapiano will be offering its well-known Italian food concept on the ground floor, across 1,000 sqm.

Ulrich Höller, Chairman of the Management Board of GEG, commented: "That all of the MainTor development is fully let prior to completion is not only an exceptional marketing success – this is also testament to the high quality of the project, with which we have precisely met the market's needs."

About GEG German Estate Group AG
Based in Frankfurt/Main, GEG German Estate Group AG maintains one of the leading German investment and asset management platforms for commercial real estate. Its investment focus and policy are concentrated on three segments: Institutional Business, Opportunistic Investments, and Project Development. Since its establishment in 2015, and within the framework of this clearly-defined strategy, GEG has consistently pursued opportunities to build an extensive and diversified real estate portfolio, comprising some €2.3 billion in assets under management. Besides landmark properties such as the IBC Campus and luxury hotel Villa Kennedy in Frankfurt/Main, the portfolio comprises the Sapporo Circle in Munich, as well as developments such as the MainTor city quarter, the Global Tower and the RIVERPARK Tower in Frankfurt, the Opera Offices in Hamburg, as well as the "Junges Quartier Obersendling" development in Munich. The long-standing track record and outstanding reputation of senior management, together with a highly qualified and experienced team, provide the foundation for a leading market position. The two shareholders of GEG German Estate Group AG are Frankfurt¬based Deutsche Immobilien Chancen Group ("DIC") as well as KKR Kohlberg Kravis & Roberts, a leading global investment house with exposure to asset classes such as private equity, infrastructure, as well as real estate. Ulrich Höller is Chairman of GEG's Management Board.
 
More detailed information about GEG is available on www.geg.de.

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