DGAP-News

InCity Immobilien AG: Successful Placement of Capital Increase - Seite 2

the new InCity in the context of the private placement. The Board of
Management and Supervisory Board of InCity Immobilien AG also participated
in the capital increase, thus underlining their clear commitment to the
development of the company. The incoming cash strengthens the available
liquidity and will be used in full for the new project financing. There is
strong demand throughout Germany for our offer of innovative project
financing and project controlling. We therefore occupy a highly profitable
market niche in the German property market´, says Heiko C. Frantzen, CFO of
InCity Immobilien AG.

About InCity Immobilien AG
InCity Immobilien AG specialises in designing and realising high-quality
properties. The company pools the experience from more than 250 projects
for owners and investors. It develops and markets high-end projects with
high added value and short lead times. Accredited InCity partners with
regional know-how provide continuous and nation-wide access to attractive
projects. Within the scope of this cooperation, InCity´s activities focus
on providing innovative project finance and property project controlling.
The company uses intelligent realisation concepts to minimise typical risks
encountered by project developers and at the same time maximise earnings.
It creates exclusive, profitable properties in Germany´s largest growing
cities. InCity Immobilien AG is committed to taking a responsible approach
with regard to society and environment. The Company expresses this belief
by participating in UN Global Compact, the international initiative of the
United Nations for supporting social and environmental principles. For
further information, please go to www.incity.ag.

Company and IR contact
InCity Immobilien AG
Lars Kuhnke
Phone: [phone]
[e-mail]

End of Corporate News

22.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Language:    English                                              
Company:     InCity Immobilien AG                                 
             Mozartstr. 1                                         
             50674 Köln                                           
             Deutschland                                          
Phone:       [phone]                                 
Fax:         [phone]                              
E-mail:      [e-mail]                                       
Internet:    www.incity.ag                                        
ISIN:        DE000A0HNF96                                         
WKN:         A0HNF9                                               
Listed:      Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry  
             Standard in Frankfurt                                

End of News    DGAP News-Service  

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107432 22.12.2010