FinLab AG — M&A Activity 2007

Nov 16, 2007

News Details

Corporate | 16 November 2007 07:55

Altira significantly expands its Real Estate Division – Strategic investment in R-QUADRAT

Altira AG / Miscellaneous

Release 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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++ Altira significantly expands its Real Estate Division
++ Strategic investment in R-QUADRAT Immobilien, Vienna

Altira AG is significantly expanding its Real Estate Division and, to this
end, has acquired a 20.01% equity interest in the Viennese Real Estate
Asset Manager R-QUADRAT Immobilien GmbH.

R-QUADRAT and Altira have been partners for many years. Together, they
launched two real estate private equity funds, MAGNAT (real estate
development in Eastern Europe) and SQUADRA (special situations in Germany),
as joint ventures. Altira is contributing its shares in the management
companies of the two funds and a cash payment of EUR 1 million to R-QUADRAT
and receiving 20.01% of the share capital in exchange. In addition, Altira
has the option of increasing its share of the equity to up to 32% in the
coming years at a pre-determined price.

R-QUADRAT should make a significant contribution to Altira’s results in the
future.

Altira CEO Peter Brumm is very pleased with the alliance: 'R-QUADRAT is our
dream partner in the real estate asset management segment. R-QUADRAT’s
approach to investing, which focuses on new, inefficient markets, such as
Eastern Europe, and offers private and institutional investors
high-yielding real estate investments there, fits in nicely with Altira’s
approach to entrepreneurial asset management.'

Gus de Roode, founding partner of R-QUADRAT, is pleased with the manifold
synergies between the two companies: 'With Altira, we will have a strong
strategic partner on board, whose management and shareholders can provide
us with ideal support for further expansion. Due to our successful track
record, the cash flow into our funds is currently highly dynamic, so we are
confident of soon becoming one of the largest European real estate asset
managers.'

++ About R-QUADRAT

R-QUADRAT is an Austrian real estate developer headquartered in Vienna,
which has successfully positioned itself in the 'real estate opportunities'
segment with a geographic focus on investment in Austria, Germany, Eastern
and Southern Europe, and the CIS countries.

As an asset manager, R-QUADRAT currently manages a volume of about EUR 500
million in real estate projects, covering the entire range of real estate
services from project searches, to development and leasing, to sale.
R-QUADRAT serves as asset advisor to MAGNAT Real Estate Opportunities GmbH
& Co. KGaA (www.magnat-reop.com), which is listed on the Frankfurt
Stock Exchange, among others.

For more information about R-QUADRAT see: www.r-quadrat.com.

++ About Altira

The publicly quoted Altira Group (German Securities Identification No.: 121
806) is an independent asset manager with Private Markets, Public Markets
and Real Estate Divisions.

The Altira Group functions as a holding company with independent asset
management boutiques operating under it. The specialists in the various
boutiques make the investment decisions, while sales, communications,
risk-management and company development functions are handled by the
Altira Group. The Altira Group is generally a founding majority shareholder
of these boutiques or, if appropriate, acquires shares in existing asset
management boutiques that wish to link to the Altira Group’s platform.

In their approach to investing, the Altira asset management boutiques
concentrate primarily on inefficient markets. This includes areas subject
to significant structural change and niches in which Altira fund managers
can differentiate themselves from the competition through their special
knowledge and many years of experience. This strategy enables Altira to
generate above-average returns on a sustained basis through active asset
management ('high-alpha' strategy).

A high degree of entrepreneurial freedom for fund managers and careful risk
management are the keys to success. In addition, the fund managers and
Altira Group hold significant equity interests in the individual funds,
which ensures that their interests correspond with those of their
investors.

For more information about the Altira Group, see:
www.altira-group.de.

Contact:
Altira Aktiengesellschaft
Juan Rodriguez
Head of Investor Relations
Tel: +49 69 719 159 66 405
E-Mail: juan.rodriguez@altira-group.de

16.11.2007 Financial News transmitted by DGAP

Language: English
Issuer: Altira AG
Grüneburgweg 18
60322 Frankfurt / Main
Deutschland
Phone: +49 (0)69 713 7588 - 12
Fax: +49 (0)69 713 7588 - 11
E-mail: info@altira-ag.de
Internet: www.altira-ag.de
ISIN: DE0001218063
WKN: 121806
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry Standard
in Frankfurt

End of News DGAP News-Service

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