PATRIZIA AG

Regulatory Filings • Jan 7, 2010

News Details

Ad-hoc | 7 January 2010 07:37

PATRIZIA Immobilien AG: Sale of a Total of 220 Units with a Total Transaction Volume of EUR 39.1 million

PATRIZIA Immobilien AG / Miscellaneous

07.01.2010

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.

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PATRIZIA Immobilien AG: Sale of a Total of 220 Units with a Total
Transaction Volume of EUR 39.1 million

• Achieved sales prices confirm high quality of the PATRIZIA real estate
  portfolio

• Sale of 215 residential and five commercial units as two block sales
  located in Munich and Hamburg

Augsburg (Germany), January 7, 2010. PATRIZIA Immobilien AG has notarized
the sale of 220 units as two block sales. The sales volume of both block
sales amounts to a total of around EUR 39.1 million. The transactions
contributed to sales revenue and are recognized as income in the fiscal
year 2009 just ended. These sales confirm PATRIZIA's sales strategy of also
optimally placing portfolios of various sizes on the market in the form of
block sales in addition to individual sales of residential units.

The smaller of the two portfolios is situated in a prime residential
location in Hamburg and comprises 22 residential and four commercial units.
The sale generated a factor of around 26 from the actual net rent
(multiple) for PATRIZIA. The second portfolio, consisting of 194 units, is
situated in a central location in Munich. Here too, a multiple of over 20
was achieved. Confidentiality has been agreed with regard to disclosure of
the buyers as they are companies managed by the owner.

In view of the performance of the business in the fourth quarter of 2009 in
the area of both individual and block sales as well as in the Services
segment we confirm our forecast of achieving a positive operating result
for 2009. We also expect a continuation of the positive business
performance of our Investments and Services segments in 2010.

About the Company:

PATRIZIA Immobilien AG is an integrated real estate group with more than 25
years' experience in the German real estate market. Its business activities
include the purchase, value optimization and placement of residential and
commercial real estate. PATRIZIA Immobilien AG is listed in the Deutsche
Börse Prime Standard and is a member of the SDAX.

Managing Board
Augsburg (Germany) - January 7, 2010

PATRIZIA Immobilien AG
PATRIZIA Bürohaus
Fuggerstrasse 26
86150 Augsburg
Germany

Listing: Frankfurt Official Market (Prime Standard)
ISIN: DE000PAT1AG3
SIN: PAT1AG

Contact:
Investor Relations
Claudia Kellert
Phone: +49 (0) 821 5 09 10-360
Fax: +49 (0) 821 5 09 10-399
investor.relations@patrizia.ag

Media Relations
Andreas Menke
Phone: +49 (0) 821 5 09 10-655
Fax: +49 (0) 821 5 09 10-695
presse@patrizia.ag

07.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: PATRIZIA Immobilien AG
Fuggerstraße 26
86150 Augsburg
Deutschland
Phone: +49 (0)821 - 509 10-000
Fax: +49 (0)821 - 509 10-999
E-mail: investor.relations@patrizia.ag
Internet: www.patrizia.ag
ISIN: DE000PAT1AG3
WKN: PAT1AG
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Stuttgart, Hamburg

End of News DGAP News-Service

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