PATRIZIA AG

Regulatory Filings • Jan 27, 2010

News Details

Corporate | 27 January 2010 11:31

PATRIZIA Immobilien AG: PATRIZIA launches further funds with a target volume of EUR 485 million

PATRIZIA Immobilien AG / Miscellaneous/Miscellaneous

27.01.2010

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PATRIZIA launches further funds with a target volume of EUR 485 million

• PATRIZIA one of the first providers to serve the demand for indirect
  investments in German residential real estate
• Real estate assets of EUR 185 million being invested in transfer fund
• Individual fund comprising over EUR 300 million designed for
  large-scale investors

Augsburg, Germany, January 27, 2010. PATRIZIA Immobilien AG (ISIN
DE000PAT1AG3) is consistently continuing to expand its services business
with the launch of two new funds. On the one hand, a transfer fund with an
investment volume of EUR 185 million has been launched via PATRIZIA
Immobilien Kapitalanlagegesellschaft mbH (KAG). A transfer fund is a
special real estate fund that is individually designed and implemented for
one investor, in this case VPV Lebensversicherungs-AG (VPV). To this end
existing real estate held directly by VPV was transferred to the 'VPV Immo
PATRIZIA I' in exchange for shares in the fund.

On top of this, the 'Urbanitas' individual fund with a planned investment
volume of EUR 300 million was tailored to another long-term-oriented
large-scale investor. The parties have agreed not to disclose the name of
the investor.

In launching the VPV Immo PATRIZIA I and the Urbanitas as well as the two
previously launched funds, the German Residential Fund I and the Euro City
Residential Fund I, PATRIZIA Immobilien Kapitalanlagegesellschaft mbH has
so far assumed responsibility for an investment volume of some EUR 1.3
billion. As well as the fund management, PATRIZIA is also taking on asset
and real estate management and in doing so generating stable service fees.
The full implementation of the investment volumes will bring about an
increase in the assets that we manage for external third parties from EUR
1.3 billion at present to EUR 2.2 billion over the next few years.

Our development into an investment house and asset manager for the real
estate investment category enables us to offer investors solutions tailored
to their requirements. We are confident that in 2010 further investors will
put their announced intentions into practice and make concrete investment
decisions. The successes of our KAG show clearly that German residential
real estate is in the focus of institutional investors. PATRIZIA has
responded to the increase in demand at an early stage and is one of the
first providers of this kind of investment product.

Augsburg (Germany) - January 27, 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
Tel.: +49 (0) 821 5 09 10-360
Fax: +49 (0) 821 5 09 10-399
investor.relations@patrizia.ag

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

27.01.2010 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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