Munich, April 5, 2024 - GIEAG Immobilien AG (GIEAG), a project developer operating throughout Germany, has decided to delist its shares from the electronic trading platform Xetra and the Frankfurt Stock Exchange. The delisting was applied for by GIEAG itself and has already been completed. The last day of trading was 28.03.2024. The GIEAG share continues to be listed in the m:access selection segment of the Munich Stock Exchange. The GIEAG share has been listed on the open market of the Munich Stock Exchange since 2014.
"Against the backdrop of the current challenging market environment, the general development on the capital market and in particular in the area of real estate shares, we have decided to limit our capital market presence to Munich. In doing so, we want to optimize processes and reduce costs," explains GIEAG CEO Philipp Pferschy.
About GIEAG Immobilien AG:
GIEAG is a family-run Munich real estate stock corporation whose shares are traded on the Munich Stock Exchange. By combining the three asset classes - office, residential and logistics - with the two service areas of development and portfolio management, the company offers stability that is unique in the market. GIEAG's team of experts guarantees innovative and forward-looking concepts.
Over the past 24 years, GIEAG Immobilien AG has developed and optimized a large number of real estate projects. These cover areas of up to 145,000 square meters with individual investment sums of between 15 and 150 million euros. Partnership, transaction security, perseverance and speed form the basis for GIEAG's sustainable value development.
Over the past 24 years, GIEAG Immobilien AG has developed and optimized a large number of real estate projects. These cover areas of up to 145,000 square meters with individual investment sums of between 15 and 150 million euros. Partnership, transaction security, perseverance and speed form the basis for GIEAG's sustainable value development.
