Ad-hoc | 6 December 2006 07:25

PATRIZIA Immobilien AG:buys another portfolio with more than 2,600 residential units

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 buys another portfolio with more than 2,600 residential units Augsburg, December 6, 2006. PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) has acquired another real estate portfolio, this one comprising a total of 2,737 residential and commercial units (2,667 residential and 70 commercial units). The seller of the portfolio is HDI Gerling Lebensversicherung AG. The total investment volume was approximately EUR 300 million. Total net floor space in the portfolio adds up to around 195,000 m2. The residential properties include a variety of complexes in top locations in western German conurbations. The majority of these units lend themselves to individual resale. Most are concentrated in Hamburg, Cologne and the Munich area. The sound structural condition of the objects and a very low vacancy rate testify to the attractive, high-quality nature of this portfolio. PATRIZIA’s acquisition of this high-grade portfolio further enlarges the company’s footprint on the German market. As in the past, PATRIZIA remains focused on the socially compatible resale of housing – preferably to existing tenants. Thanks to an integrated business model, the PATRIZIA Group can deploy its own local work force to take care of every step involved in optimizing the value of the portfolio. Having purchased more than 9,500 residential and commercial units in the fourth quarter of 2006 alone, the company is looking to pursue the same growth strategy in the fiscal years ahead. The Managing Board Augsburg, December 6, 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 06.12.2006 ————————————————————————— 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 —————————————————————————