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    DGAP-News  614  0 Kommentare PATRIZIA Immobilien AG: PATRIZIA completes property transactions worth EUR 8.7 billion

    DGAP-News: PATRIZIA Immobilien AG / Key word(s): Real Estate/Miscellaneous
    PATRIZIA Immobilien AG: PATRIZIA completes property transactions worth EUR
    8.7 billion

    14.01.2016 / 07:00
    The issuer is solely responsible for the content of this announcement.

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    PATRIZIA completes property transactions worth EUR 8.7 billion
    2015 a successful year in investment markets across Europe

    - EUR 4.4 billion property acquisitions across Europe
    - EUR 2.7 billion or more than half acquired outside of Germany
    - EUR 1.5 billion of capital raised through investors

    Augsburg, 14 January 2016. PATRIZIA Immobilien AG closed another extremely
    successful year in European investment markets in 2015. In total, the
    company completed or signed property transactions worth EUR 8.7 billion.
    This figure includes all acquisitions and sales of residential and
    commercial property carried out by PATRIZIA for its managed funds,
    co-investments and its principal investments. In 2015, the transaction
    volume more than doubled compared to 2014 (EUR 4.1 billion).

    Residential and commercial properties were acquired throughout Europe with
    a value of around EUR 4.4 billion. These acquisitions were carried out for
    a variety of investment vehicles managed by PATRIZIA (2014: EUR 3.4
    billion). PATRIZIA successfully expanded its investment activities outside
    of Germany: the value of international acquisitions increased by almost 50
    per cent to around EUR 2.7 billion in 2015 (2014: EUR 1.8 billion). "We
    have again successfully proven our ability to identify and transact on
    off-market acquisitions throughout Europe. In addition we raised around 1.5
    billion euros of capital from institutional investors and around a third of
    that was outside of Germany", states Wolfgang Egger, CEO of PATRIZIA
    Immobilien AG. Around 200 savings banks, cooperative banks, pension fund
    institutions, insurance companies and sovereign wealth funds invest through
    PATRIZIA throughout Europe.

    In 2015, PATRIZIA sold residential and commercial property assets worth
    around EUR 4.3 billion (2014: EUR 0.7 billion). These disposals were
    dominated by several large transactions. For example in June, Süddeutsche
    Wohnen GmbH was sold with just under 20,000 flats for around EUR 1.9
    billion. In November, a portfolio with 13,500 flats was sold on for
    approximately EUR 1.1 billion.

    In Germany, PATRIZIA successfully completed or signed acquisitions of
    approximately EUR 1.8 billion (2014: EUR 1.6 billion). Acquisitions
    included several retail property portfolios totalling around EUR 750
    million. The most important markets outside of Germany are the United
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    DGAP-News PATRIZIA Immobilien AG: PATRIZIA completes property transactions worth EUR 8.7 billion DGAP-News: PATRIZIA Immobilien AG / Key word(s): Real Estate/Miscellaneous PATRIZIA Immobilien AG: PATRIZIA completes property transactions worth EUR 8.7 billion 14.01.2016 / 07:00 The issuer is solely responsible for the content of this …

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