DGAP-News

HAHN-Immobilien-Beteiligungs AG: Hahn Group expands fund business whilst earnings perform according to plan

DGAP-News: HAHN-Immobilien-Beteiligungs AG / Key word(s): Half Year
Results
HAHN-Immobilien-Beteiligungs AG: Hahn Group expands fund business
whilst earnings perform according to plan

14.08.2014 / 07:55

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Half Year Figures 2014: Hahn Group expands fund business whilst earnings
perform according to plan

- Management income up by 6.8 percent to EUR 4.58 million

- Good demand for newly launched investment funds

- Gross income reduced to EUR 6.41 million (H1 2013: EUR 7.71 million) as
expected

- Earnings forecast for full year 2014 confirmed

Bergisch Gladbach, August 14, 2014 - The HAHN-Immobilien-Beteiligungs AG is
on track to a successful fiscal year 2014. Real estate assets under the
company's management continued to expand during the first six months of
2014 with management income from real estate and fund management recording
a pleasing increase of 6.8 percent. Due to the changed approval situation
for new products because of the introduction of the Kapitalanlagegesetzbuch
the gross profit decreased as scheduled from EUR 7.71 million to EUR 6.41
million.

Said Thomas Kuhlmann, Board of Management member for
HAHN-Immobilien-Beteiligungs AG: "We took important steps to secure the
further growth of the company during the first half of the year. The Hahn
Group established its own capital management company last year, which in
April 2014 received its license from the German 'Bundesanstalt für
Finanzdienstleistungsaufsicht' (Federal Financial Supervisory Authority -
BaFin). In addition, we also successfully launched two regulated
alternative investment funds (AIF) for semi-professional and professional
investors. Given the strong institutional demand, we managed to raise
equity commitments of EUR 160 million through these real estate funds. This
means that we secured the best subscription result in the company's history
already at half year."

New Business

The two special AIFs issued in the first half year have a target investment
volume of EUR 200 million each. As listed above, equity raised from private
customers after the first six months came to EUR 160 million (H1 2013: EUR
109 million). These institutional capital commitments relate exclusively to
the two new investment assets and will be called step-by-step depending on
the investments made by the fund.

During the period under review the Hahn Group was able to contribute four
large-scale retail properties with a total investment volume of EUR 100
million to its managed investment funds. Two retail warehouse centers, one
in Munich and one in Lüneburg, were bought during the first six months for