1998 | POLIS Grundbesitz und Beteiligungs AG is founded by Bankhaus Delbrück & Co. Privatbankiers and Dr. Alan Cadmus |
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1998 | Dr. Alan Cadmus becomes the founding member of the Board of Management |
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1999 - 2001 | Expansion of the portfolio and execution of several capital increases |
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2001 | Dr. Matthias von Bodecker is appointed member of the Board of Management |
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2003 |
Bouwfonds Asset Management (at the time a subsidiary of ABN AMRO Bank) takes over the share held by Delbrück & Co. as well as the asset management responsibilities |
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2006 |
POLIS AG adopts a growth strategy and carries out two capital increases
Expansion of the portfolio to 14 properties with an overall value of approximately € 120 million |
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2007 |
Name changed to POLIS Immobilien AG
Initial Public Offering on 21 March
Establishment of in-house asset management capabilities
Expansion of the portfolio to 30 properties with an overall value of approximately € 246 million |
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2008 |
POLIS realises gains by selling the properties at Torstraße 15 in Stuttgart and (after comprehensive refurbishment) Steinstraße 20 in Dusseldorf
Mann Immobilien-Verwaltung AG submits a mandatory takeover offer and increases its stake in POLIS to 53% of all outstanding shares |
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2009 |
POLIS concurrently modernises four office buildings in Cologne, Dusseldorf and Stuttgart
Two refurbishment projects are awarded a preliminary silver certificate by the German Sustainable Building Council (DGNB)
As a result of modernisation-related vacancies, the occupancy rate drops to 69%
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2010 |
POLIS invests € 18 million in the modernisation of office space and achieves record results from its letting activities, with a total let area of 21,200 m² |
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2011 |
To optimise the portfolio, four investment properties are sold, and three locations are closed down
Acquisition of four office properties in Dresden
Commencement of third party asset management operations by the participation of a foundation in three investment properties
POLIS again achieves very good results from its letting activities, with a total let area of 19,900 m²
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2012 |
Two investment properties are sold to optimise the portfolio
After achieving very good results from its letting activities, the occupancy rate increases to over 80%
POLIS again achieves very good results from its letting activities, with a total let area of 19,900 m²
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