DGAP-Adhoc

IVG Immobilien AG: Financial year 2011 publication / Changes in the Supervisory Board - Seite 2

2011, which will have a positive long-term impact on future results. The
co-investment strategy successfully continued in late 2011 with the
acquisition of the ´Silver Tower´ building in Frankfurt´s banking district
as part of a club deal with eight institutional investors initiated and
managed by IVG. Meanwhile, the extremely strong start to the marketing of
the IVG EuroSelect 21 Munich fund, in which IVG will retain a long-term
investment of 10%, means that an impressive product for private investors
has been placed as part of the Company´s strategic orientation.

In its own real estate portfolio, IVG continued to focus on the less
volatile German market. Properties in Germany now account for more than 90%
of the portfolio in terms of market values. The proportion of ´workout
properties´ also declined as planned, from roughly 10% in 2010 to roughly
8% in 2011. IVG is continuing to prioritise the streamlining of its real
estate portfolio to eliminate isolated properties that do not fit into its
portfolio strategy.

IVG also made considerable progress with our financing and risk structure
in 2011. The successful extension of the project finance for the major
project ´THE SQUAIRE´ with a volume of roughly EUR500 million was
successfully extended in September 2011, followed by the renewal of
portfolio financing in the amount of EUR145 million in October. The
extensions for the ´CORE´ financing in the amount of EUR933 million and the
´Syndicated Loan II´ financing in the amount of EUR1,047 million, with new
terms scheduled until December 2015 and September 2014 respectively, were
particularly pleasing. This means that no major maturities of liabilities
to banks are expected before the end of 2013. Liabilities to banks were
also already reduced by around EUR460 million in 2011.

Positive outlook for consolidated net profit over the coming years
IVG is planning to further cut its financial liabilities to around EUR3.5
billion over the next two years, largely through the monetarisation of
assets, thereby reducing the impact of net financial income on consolidated
net profit. This should also improve its equity ratio to almost 30%.

Assuming no significant remeasurement effects, IVG expects to break even in
2012 and record a substantial consolidated net profit in 2013.

28.03.2012 DGAP´s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      IVG Immobilien AG
              Zanderstr. 5-7
              53177 Bonn
              Germany
Phone:        [phone]
Fax:          [phone]
E-mail:       [e-mail]
Internet:     www.ivg.de
ISIN:         DE0006205701
WKN:          620570
Indices:      SDAX
Listed:       Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
              Standard), München; Freiverkehr in Hamburg, Hannover,
              Stuttgart

End of Announcement                             DGAP News-Service

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