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PATRIZIA Immobilien AG: PATRIZIA receives a mandate for over EUR 400 million from BVK

DGAP-News: PATRIZIA Immobilien AG / Key word(s): Real Estate/Contract
PATRIZIA Immobilien AG: PATRIZIA receives a mandate for over EUR 400 million
from BVK

26.07.2016 / 07:00
The issuer is solely responsible for the content of this announcement.

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Large contract from one of Germany's biggest institutional investors
PATRIZIA receives a mandate for over EUR 400 million from BVK

- Establishment of a pan-European real estate portfolio for Bayerische
Versorgungskammer

- Portfolio with almost 1,300 flats already purchased in the Netherlands

- Investments planned both in portfolio flats and project development

- Additional investments planned initially in the Netherlands and Nordic
region

Augsburg, 26 July 2016. PATRIZIA Immobilien AG has received a mandate from
Bayerische Versorgungskammer (BVK) to act as investment manager for over
EUR 400 million. PATRIZIA will be setting up a pan-European portfolio of
flats in this magnitude for a BVK fund and be responsible for the real
estate as investment manager. "We are pleased that one of Germany's biggest
institutional investors would now like to leverage our competence and skill
as a European real estate investment company with local experts in all
relevant real estate markets for its investment strategy in the form of an
individual mandate as well," affirms Jochen Reith, Group Head of
Institutional Clients DACH at PATRIZIA. Investments are being planned both
in existing residential real estate as well as project development
involving new construction, especially in the Netherlands and the Nordic
region.

Bayerische Versorgungskammer is the biggest public-law pension fund in
Germany at present, managing the business of twelve professional and local
community old-age pension facilities with 2.1 million insured persons and
pensioners. It manages a capital investment volume of approximately EUR 66
billion for all facilities together at present.

As far back as March, PATRIZIA acquired a large portfolio of flats in the
Netherlands for the new mandate. The portfolio comprises 1,275 flats at 23
locations in different urban areas, most of which have high growth rates, a
large number of them in the very potent conurbation of Randstad. The main
focus is Amsterdam, Zwolle and Dordrecht. The purchase price was around EUR
150 million. Sellers included several real estate funds managed by Holland
Immo Group. In addition to 1,275 flats in 27 building complexes, there are
also 4 commercial units and more than 500 parking places in the portfolio.
It is planned to keep most of the flats in the portfolio. Some of the flats
are to be privatised.

PATRIZIA Immobilien AG:
PATRIZIA Immobilien AG has been active as an investment manager on the real
estate market in 15 European countries for more than 30 years. PATRIZIA's
range includes the acquisition, management, value increase and sale of
residential and commercial real estate over own licensed investment
platforms. As one of the leading real estate investment companies in Europe
PATRIZIA operates as a respected business partner of large institutional
investors and retail investors in all major European countries. Currently,
the Company manages real estate assets worth around EUR 17 billion,
primarily as a co-investor and portfolio manager for insurance companies,
pension fund institutions, sovereign funds, savings and cooperative banks.
For further information, please visit: www.patrizia.ag.

PATRIZIA Immobilien AG
PATRIZIA Bürohaus
Fuggerstraße 26
86150 Augsburg

Listed: Official Market Frankfurt am Main (Prime Standard)
ISIN: DE000PAT1AG3
WKN: PAT1AG

Contact
Investor Relations

Michael Tegeder
T [phone]
[e-mail]

Verena Schopp de Alvarenga
T [phone]
[e-mail]


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26.07.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: PATRIZIA Immobilien AG
Fuggerstraße 26
86150 Augsburg
Germany
Phone: +49 (0)821 - 509 10-000
Fax: +49 (0)821 - 509 10-999
E-mail: [e-mail]
Internet: www.patrizia.ag
ISIN: DE000PAT1AG3
WKN: PAT1AG
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange; Terminbörse EUREX


End of News DGAP News Service
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485675 26.07.2016