Aroundtown’s subsidiary TLG announces successful construction completion for a 15k sqm office property in Dresden

Aroundtown,through its subsidiary TLG Immobilien AG, successfully completed construction work on the office property NEO in Dresden's Neustadt district. TLG received planning permission in mid-2019 and the team was able to execute the construction according to plan without any delay. The 15,000 sqm office property has apre-let ratio of approx. 70% to an international blue-chip company and a government tenantfor an average of 10 years. The remaining 30% are currently under advanced negotiations.

ABOUT THE "NEO" PROJECT

NEO stands for Neustadt, Efficiency & Offices in an excellent location. A total of around 15,000 m² of lettable space has been created, certified in accordance with the LEED Gold standard for ecological construction, as well as 132 parking spaces. The office property at Großenhainer Straße 5-7, 01097 Dresden is located in Dresden's Neustadt district within walking distance of Neustadt train station and provides excellent connectivity to the A4 highway and train.

With its modern and timeless architecture, the ensemble fits perfectly into the surrounding buildings. In the multitenant office building all classical but also modern office concepts can be realized.