Ad-hoc | 29 November 2006 07:25

PATRIZIA Immobilien AG:acquires premium portfolio: more than 6,000 residential units around Germany

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Ad-hoc press release pursuant to Section 15 of the German Securities Trading Act (WpHG) PATRIZIA Immobilien AG acquires premium portfolio: more than 6,000 residential units around Germany Augsburg, November 29, 2006. After several rounds of bidding, PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) has been given the go-ahead to purchase a premium portfolio comprising a total of 6,805 residential and commercial units (the majority are residential). The portfolio is being sold by MEAG MUNICH ERGO Asset Management GmbH, which represents a number of Munich Re Group companies. The parties to the transaction agreed not to disclose the purchase price. The individual objects add up to nearly 500,000 m² of net residential and commercial space and are all situated at premium locations in western German conurbations. Property experts rate this as one of the most attractive residential portfolios currently on the German market. Its excellent quality is demonstrated both by the sound structural condition of the objects and by their low vacancy rate. PATRIZIA’s ability to handle every aspect of the real estate value chain clinched the deal and gave the company access to this very high-quality portfolio. In recent years, the company has repeatedly proven its expertise in the socially compatible resale of residential property after acquiring sizeable portfolios. Proceeds from the company’s IPO in March 2006 will be used to fund this, the largest single transaction in PATRIZIA’s history to date. The sheer volume of the transaction underscores the further growth of the company. The Managing Board Augsburg, November 29, 2006 PATRIZIA Immobilien AG PATRIZIA Bürohaus Fuggerstrasse 26 D-86150 Augsburg Germany Admitted to trading on the Official Market (Prime Standard) of the Frankfurt Stock Exchange. ISIN: DE000PAT1AG3 SIN: PAT1AG Contact: Investor Relations Claudia Kellert Phone +49 (0)821 50910-360 Fax:+49 (0)821 50910-399 investor.relations@patrizia.ag Press Astrid Schüler Phone +49 (0)821 50910-623 Fax +49 (0)821 50910-695 presse@patrizia.ag (c)DGAP 29.11.2006 ————————————————————————— Language: English Issuer: 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 WWW: www.patrizia.ag ISIN: DE000PAT1AG3 WKN: PAT1AG Indices: MDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, München, Hamburg, Düsseldorf, Stuttgart End of News DGAP News-Service —————————————————————————