DGAP-News  334  0 Kommentare TAG Immobilien AG achieves significant success in Salzgitter through targeted incidental costs management

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PRESS RELEASE

TAG Immobilien AG achieves significant success in Salzgitter through
targeted incidental costs management

- Total monthly rent lowered for nearly the entire residential stock in
Salzgitter - 8,800 units with more than 15,000 tenants

- Savings per apartment of up to 340 EUR or 20% of total rent p.a.

Hamburg (27 January 2014) - TAG Immobilien AG ('TAG' in the following) is
reducing incidental rental expenses for its tenants in Salzgitter through
active, targeted management of its operating costs. Since TAG took over the
residential inventory in 2011, it has optimised energy costs, waste
disposal and janitorial services. This helps to improve the quality and
appeal of the location, and in particular to reduce service charges as well
as, indirectly, vacancy in the portfolio.

So TAG not only offers its customers affordable housing with a solid
infrastructure, but also controls the sustainability of the measures
through purposive negotiations with energy suppliers and disposal
companies. In Salzgitter, for instance, eco-friendly 'green electricity' is
supplied from combined heat and power (CHP) plants and, depending on
individual usage, households can save between EUR 60 and EUR 275 in heating
costs per apartment per year. In addition a service provider switch and
active management of the on-site disposal/recycling locations (household
waste, bulky waste, wastepaper) will reduce disposal costs to less than
half in future. At the same time, the janitorial services for the total
inventory have been upgraded to 24-hour availability and a high level of
service for the tenants. Also, a modern remote-reading function has been
installed for electricity/gas/water meter readings, guaranteeing
technically precise and accurate usage figures for further cost savings.

TAG COO Claudia Hoyer comments on the benefits to tenants: 'We don't see
the services charges of an apartment as an item to be simply passed along
to the customer. Instead, we control the individual components in advance
through targeted management and constantly check for possible savings that
will benefit our tenants. This makes our apartments more competitive, which
favours vacancy reduction - which in turn significantly reduces our own
vacancy costs at the site.'

Press enquiries:
TAG Immobilien AG
Head of Investor & Public Relations
Dominique Mann
Phone +49 (0) 40 380 32 300
Fax +49 (0) 40 380 32 388
pr@tag-ag.com


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Language: English
Company: TAG Immobilien AG
Steckelhörn 5
20457 Hamburg
Germany
Phone: 040 380 32 0
Fax: 040 380 32 390
E-mail: ir@tag-ag.com
Internet: http://www.tag-ag.com
ISIN: DE0008303504, XS0954227210
WKN: 830350, A1TNFU
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
Stuttgart


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249692 27.01.2014