Corporate | 27 November 2007 07:22
PATRIZIA Immobilien AG / Miscellaneous/Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.
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PATRIZIA buys another EUR 200 million of residential and commercial real
estate for its co-investment
Augsburg, November 27, 2007. PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) has
acquired further residential and commercial real estate with a total
investment volume of around EUR 200 million for PATRoffice GmbH & Co. KG –
the PATRIZIA Immobilien AG co-investment with Stichting Pensionsfonds ABP,
the Netherlands, and ATP Real Estate, Denmark.
The total investment volume of around EUR 200 million was concluded in two
separate transactions. Vendor of the purely commercial portfolio is a
special real estate fund for institutional investors of RREEF Spezial
Invest GmbH (Deutsche Bank Group). The 32 commercial properties, with a
total useful area of around 110,000 m2, are distributed in 25 cities across
the country in excellent locations.
In addition to the four commercial properties in Munich, Frankfurt and
Wetzlar, the second purchase also comprises around 11,000 m2 residential
space in Kaiserslautern. All acquired real estate demonstrates high valued
added potential as a result of its preferential inner-city locations and
the solid tenant structure.
With these purchases, PATRIZIA has developed a total portfolio of around
EUR 261 million for the joint co-investment in just seven months. The total
investment volume of PATRoffice GmbH & Co. KG comprises EUR 700 million and
will be invested predominantly in German commercial real estate.
PATRIZIA is responsible primarily for the purchase of commercial real
estate in this co-investment and assumes the functions of overall asset
management, in addition to its equity share. PATRIZIA is thus developing
its business line of asset management within the commercial field.
Augsburg, November 27, 2007
PATRIZIA Immobilien AG
PATRIZIA Bürohaus
Fuggerstrasse 26
D – 86150 Augsburg
Trading sector: Frankfurt Official Market (Prime Standard)
ISIN: DE000PAT1AG3
WKN: 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
27.11.2007 Financial News transmitted by DGAP
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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
Internet: www.patrizia.ag
ISIN: DE000PAT1AG3
WKN: PAT1AG
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hamburg, Düsseldorf, Stuttgart
End of News DGAP News-Service
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