TAG real estate

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TAG Immobilien AG

logo
legal form Corporation
ISIN DE0008303504
founding 1882
Seat Hamburg , Germany
management
  • Claudia Hoyer, board member
    Martin Thiel, CFO
    Harboe Vaagt, board member
Number of employees 993
sales € 302 million revenue from rental income
Branch Real estate industry
Website www.tag-ag.com
As of December 31, 2018

The TAG Immobilien AG ( TAG ) is a MDAX -listed real estate companies. The focus is on the acquisition, development and management of residential properties, especially in northern and eastern Germany.

TAG has branches in Hamburg, Berlin, Leipzig, Dresden, Düsseldorf, Salzgitter, Döbeln, Erfurt, Gera and Jena, among others. At the end of 2018, the company had a total of 993 employees and managed 84,426 apartments. The real estate volume as of December 31, 2018 was 4.8 billion euros.

The main office is in Hamburg , but the roots of TAG are on Tegernsee in southern Germany. In 1882, the Eisenbahn-Aktiengesellschaft Schaftlach - Gmund was founded in Munich . The railway still transports passengers on the shaftlach – Tegernsee railway line , but TAG leased the rail fleet in 1999 and changed fundamentally with the acquisition of investment and property companies. With the sale of the Tegernsee-Bahn operating company at the end of 2012, TAG is now fully focused on the real estate sector.

In November 2012, TAG took over TLG Wohnen's 11,350-unit housing stock, which bundled the federal apartments in eastern Germany that belonged to the Treuhandanstalt .

Shareholder structure

Share
(in percent)		 Shareholders
11.4 MFS (Massachusetts Financial Services Company), USA
9.9 Federal and State Pension Fund (VBL), DE
9.9 Capital Group Companies , USA
9.9 Flossbach von Storch AG, DE
5.3 BlackRock Inc., USA
4.9 BayernInvest is part of the Bayerische Landesbank and the Bavarian Savings Bank Association
3.0 Universal Investment GmbH, DE
45.7 Free float

(As of December 31, 2018)

Holdings

The following subsidiaries are 100% owned by TAG:

  • Bau-Verein zu Hamburg Immobilien GmbH
  • Bau-Verein zu Hamburg Wohnungsgesellschaft mbH
  • BV Hamburg residential real estate
  • VFHG Haus- und Grundstücks GmbH & Co. Housing complex Friedrichsstadt KG
  • VFHG Verwaltungs GmbH
  • Ottobrunn GmbH residential complex
  • Bau-Verein zu Hamburg Eigenheim-Immobilien GmbH
  • Bau-Verein zu Hamburg "Young Living" GmbH
  • URANIA Grundstücksgesellschaft mbH
  • BVV Bau-Verein zu Hamburg Fonds Verwaltungsgesellschaft mbH
  • TAG Handwerkerservice GmbH
  • TAG Steckelhörn Immobilien GmbH
  • TAG Brandenburg-Immobilien GmbH
  • TAG Gotha Wohnimmobilien GmbH & Co. KG
  • TAG Wohnen & Service GmbH
  • TAG Immobilien Verwaltung (formerly: TAG Stuttgart-Südtor Verwaltungs GmbH)
  • TAG Potsdam-Immobilien GmbH (formerly DKB Immobilien AG)
  • TAG Immobilien Wohn-Invest GmbH
  • TAG Housing Association Mecklenburg-Vorpommern mbH
  • TAG Wohnungsgesellschaft Sachsen mbH
  • TAG Immobilien Service GmbH
  • TAG Beteiligungs- und Immobilienverwaltungs GmbH
  • Energie Wohnen Service GmbH
  • TAG Finance Holding GmbH
  • TAG Beteiligungsverwaltungs GmbH
  • TAG Nordimmobilien GmbH
  • TAG Sachsenimmobilien GmbH
  • TAG NRW-Wohnimmobilien & Beteiligungs GmbH
  • DAY 1. NRW-Immobilien GmbH
  • DAY 2. NRW-Immobilien GmbH
  • TAG Leipzig-Immobilien GmbH
  • TAG Marzahn-Immobilien GmbH
  • TAG SH-Immobilien GmbH
  • TAG Magdeburg-Immobilien GmbH
  • TAG Grebensteiner-Immobilien GmbH
  • TAG Klosterplatz-Immobilien GmbH
  • TAG Wolfsburg-Immobilien GmbH
  • TAG Chemnitz-Immobilien GmbH
  • TAG Spreewald-Immobilien GmbH
  • TAG Wohnen GmbH
  • TAG Stadthaus am Anger GmbH
  • TAG TSA Wohnimmobilien GmbH
  • Multimedia Immobilien GmbH
  • Home Housing Company GmbH
  • Perseus Immobilien Gesellschaft 9 S.à.rl

The majority of the following subsidiaries belong to TAG:

  • Second real estate holding company BVV Bau-Verein zu Hamburg Fonds GmbH & Co. KG (98.1%)
  • TAG Housing Association Berlin-Brandenburg mbH (94.8%)
  • TAG Bartol Immobilien GmbH (94.8%)
  • TAG Certram Immobilien GmbH (94.8%)
  • TAG Sivaka Immobilien GmbH (94.8%)
  • TAG Zidal Immobilien GmbH (94.8%)
  • TAG Chemnitz Straubehof Immobilien GmbH (94.8%)
  • TAG Chemnitz Muldental Immobilien GmbH (94.8%)
  • TAG Chemnitz Zeisigwald Immobilien GmbH (94.8%)
  • TAG Havel-Wohnimmobilien GmbH (94.8%)
  • TAG Wohnungsgesellschaft Thüringen GmbH & Co. KG (94.0%)
  • TAG Portfolio Thuringia GmbH & Co. KG (94.0%)
  • TAG Wohnungsgesellschaft Gera mbH (94.0%)
  • TAG Housing Association Gera-Debschwitz mbH (94.0%)
  • TAG Grasmus Immobilien GmbH (84.8%)
  • Emersion Grundstücksverwaltungsgesellschaft mbH (84.8%)
  • Domus Grundstücksverwaltungsgesellschaft mbH (84.8%)
  • TAG Colonia-Immobilien AG (formerly Colonia Real Estate AG) (84.1%)
  • Colonia Wohnen GmbH (84.1%)
  • Colonia Immobilien Verwaltung GmbH (84.1%)
  • Colonia Portfolio Ost GmbH (84.1%)
  • Colonia Portfolio Berlin GmbH (84.1%)
  • Colonia Portfolio Bremen GmbH & Co. KG (84.1%)
  • Colonia Portfolio Hamburg GmbH & Co. KG (84.1%)
  • Colonia Wohnen Siebte GmbH (84.1%)
  • Colonia Portfolio Nauen GmbH Co. KG (84.1%)
  • TAG Wohnimmobilien Halle GmbH & Co. KG (84.1%)
  • FC REF I GmbH (80.0%)
  • FC REF II GmbH (80.0%)

Further participations exist in:

  • Administration GIB Grundbesitz Investitionsgesellschaft Bergedorf mbH iL (50.0%)
  • Texas Commercial Real Estate S.à.rliL (20.0%)

History of the Tegernsee Railway

Debt for 1,000 marks of the Eisenbahn-AG Schaftlach-Gmund-Tegernsee dated April 15, 1905

The company emerged from the AG, initially founded in 1882 as the Eisenbahn-Actiengesellschaft Schaftlach-Gmund , which built the 7.6 km long railway line between these places . Ferdinand von Miller was significantly involved . From 1896 the route was extended by 4.8 km to Tegernsee. Around 1902, the Eisenbahn-Actiengesellschaft Schaftlach-Gmund became the Eisenbahn-AG Schaftlach-Gmund-Tegernsee . In 1911 the company moved its headquarters from Munich to Tegernsee. On August 21, 1942 the name was changed to Tegernsee-Bahn.

TAG Immobilien sold the Tegernseebahn on December 20, 2012 for 11 million euros to the two municipalities of Tegernsee and Gmund (45 percent of the shares each) and to the Miesbach district (10 percent). The company's assets comprised the shaftlach – Tegernsee railway line with a length of 12.4 kilometers and an area of ​​147,000 m², the two station buildings in Gmund and Tegernsee including land with a total of 35,000 m², two undeveloped lakeshore properties with a total of 12,000 m² and 2,330 m² with 33 residential units built on in a prime location on the Tegernsee.

From rail operator to real estate company

  • 2018 TAG Immobilien publishes its first separate sustainability report certified by GRI
  • 2017, increase in the housing stock to 83,000 units
  • 2015, Growing Cashflow Strategy - Sustainable increase in company value
  • 2014, discontinuation of the commercial real estate business area - focus on residential real estate
  • 2012, December With the Tegernsee-Bahn, TAG sells the historical core of the company to the local communities and district.
  • 2012, November TAG takes over TLG Wohnen with 11,350 units.
  • 2012, September TAG AG is included in the MDAX.
  • 2012, March TAG Immobilien AG was awarded the contract for DKB Immobilien AG with over 25,000 apartments
  • 2011, February TAG Immobilien AG has exceeded the 50% threshold of the share capital and voting rights of Colonia Real Estate AG and takes control of the Cologne company
  • 2010, November TAG Immobilien AG announces a voluntary takeover offer for the complete takeover of Colonia Real Estate AG shares
  • 2010, October Complete takeover of the existing joint venture LARUS Asset Management GmbH.
  • 2010, January Increase in the shares in Bau-Verein zu Hamburg Aktiengesellschaft to around 91%.
  • 2008, September The company operates as "TAG Immobilien AG".
  • 2006, December TAG AG is included in the SDAX.
  • 2006, August The share volume is multiplied by a large capital increase with 20,010,000 shares to a share capital of € 32,566,364.00. To strengthen the free float, TAG is reducing its stake in Bau-Verein zu Hamburg AG to 71 percent.
  • 2006, January Mr. Andreas Ibel and Mr. Erhard Flint are appointed to the Management Board of TAG on January 1, 2006. You hold the office in personal union with the Bau-Verein zu Hamburg AG.
  • 2002, January TAG AG's stake in Bauverein zu Hamburg AG increases to 87.9 percent.
  • 2001, February The company operates as "TAG Tegernsee Immobilien- und Beteiligungs-Aktiengesellschaft".
  • 2000, November TAG shares are listed for the first time in official trading on the stock exchanges in Frankfurt / Main and Munich. In addition, the paper will continue to be traded over the counter on the stock exchanges in Berlin, Stuttgart, Düsseldorf and Hamburg as well as on XETRA. 900,000 papers with a face value of one euro each will be issued.
  • 1999 The rail fleet is leased on a long-term basis, which means that the company receives continuous income.
  • 1998 Another company change takes place in TAG Tegernseebahn Immobilien- und Beteiligungs-Aktiengesellschaft.
  • 1984 Sale of Kraftverkehrsgesellschaft Tegernsee mbH to Regionalverkehr Oberbayern GmbH
  • 1983 Railway operations are spun off into a wholly owned subsidiary. Another company change takes place in TAG Tegernseebahn Immobilien- und Beteiligungs-Aktiengesellschaft.
  • 1970 The TAG share is included in the open market of the Bavarian Stock Exchange.
  • 1942 The company of the Eisenbahn Aktiengesellschaft Schaftlach-Gmund-Tegernsee is changed to the Tegernsee-Bahn.
  • 1882 TAG Immobilien AG ("TAG AG"), Tegernsee, was founded in 1882 as the Eisenbahn Aktiengesellschaft Schaftlach-Gmund, Munich. The share capital of Eisenbahn Aktiengesellschaft Schaftlach-Gmund was 300,000.00 marks at the time it was founded. The share capital was divided into 600 bearer shares at 500.00 marks each.

See also

literature

  • Gerd Kleinewefers: Pioneers of Transport - Deutsche Eisenbahn- und Straßenbahn-AG 1835-1985 , S. 739f

Web links

Individual evidence

  1. ↑ a b c Annual Report 2018 (PDF) TAG Immobilien AG, April 2018, accessed on April 28, 2018 .
  2. ↑ a b Eleven million euros for the Tegernsee Railway. In: merkur-online.de. January 11, 2013, accessed January 11, 2013 .
  3. ↑ Deal: TAG Immobilien takes over TLG Wohnen GmbH for EUR 471 million , November 19, 2012
  4. ^ Tegernsee voice: Tegernseer Bahnhof: Citizens plan demos , November 30, 2012
  5. ↑ TAG press release of March 26, 2012 ( Memento of the original of May 14, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.tag-ag.com