CR Capital AG

Environmental & Social Information • Dec 28, 2009

News Details

Corporate | 28 December 2009 08:02

CR Capital Real Estate AG: CR Capital Real Estate AG concentrates airport properties and raises rental income

CR Capital Real Estate AG / Miscellaneous

28.12.2009

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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With effect to 31 December 2009, CR Capital Real Estate AG concentrates
commercial properties located at coming Berlin-Schönefeld airport in a 100%
subsidiary, CR Capital Airport GmbH & Co. KG.

The commercial properties are located in Lilienthalstraße in Waltersdorf,
not far from coming Berlin-Schönefeld airport. Office and storage space is
approximately 5,500 sqm. The properties are almost completely rented.

Starting from 1 January 2010, management of the properties will be done
from one source, bringing significantly more efficiency. Tenants profit
from declining extra costs to the rent.

Additionally, concentration of the properties increases management
flexibility. CEO Thomas Ehrich: ' According to our strategy of a
residential REIT, in the medium term and after reaching a critical
residential mass we will sell our commercials. Then, buyers can enjoy tax
privileges based on the construction of a limited partnership'.

Again, CR Capital Real Estate AG succeeded in the renting process: The
rental contract with a main tenant (letting space of approximately 1,100
sqm) was renewed and annual net cold rental income was increased bei 10%
starting from 2010.

About the Schönefeld/Waltersdorf area

According to current plans, on 30 October the first aircraft will start
from the new and only international airport of the Berlin/Brandenburg
region. A lot of project developers already acquired commercial space in
the airport area. Based on this strong demand, market values should grow
substantially.

About CR Capital Real Estate AG

CR Capital Real Estate AG is a Berlin based property company and owns the
pre-REIT status. Major target is the REIT status with an investment focus
on residential properties.

Strategy is maximization of the residential quota and long-term property
management.

In case of market opportunities and under yield aspects, also investments
in commercial properties at locations with strong growth potentials (for
example airport area Schönefeld/Waltersdorf) will be done.

Investor Relations:
Hubert Bonn / bonnIR
Phone: +49 (0)6157 9861190
bonn@bonn-ir.com

http://www.capital-real-estate-ag.de

28.12.2009 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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