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TLG targets doubling size of the company after WCM deal - execs
May 11, 2017 / 11:23 AM / 6 months ago

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

TLG Immobilien 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: Further company coverage: (Reporting by Alexander Hübner)

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