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

Nachrichtenquelle: EQS Group AG
14.01.2016, 07:00  |  475   |   |   
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.


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
Kingdom, the Nordic countries, the Netherlands and France. Acquisitions and
sales of EUR 1.4 billion were carried out in Scandinavia alone. The total
value of transactions in the UK amounted to EUR 940 million. This included
an acquisition for a Taiwanese investor of the building accommodating the
famous Madame Tussauds waxworks in London. Property transactions in the
Netherlands total EUR 450 million and in France and Belgium EUR 200

PATRIZIA Immobilien AG:
With 800 employees in more than ten countries, PATRIZIA Immobilien AG has
been active on the real-estate market as an investor and service provider
for more than 30 years. PATRIZIA's range includes the purchase, management,
value increase and sale of residential and commercial real estate over own
licensed investment platforms. As a recognised business partner of large
institutional investors and retail investors, the Company operates in all
major European countries and covers the entire value. At present, the
Company manages real estate assets worth EUR 16 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.

Investor Relations
Verena Schopp de Alvarenga
T +49 821 50910-351


14.01.2016 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.
Media archive at www.dgap-medientreff.de and www.dgap.de


Language: English
Company: PATRIZIA Immobilien AG
Fuggerstraße 26
86150 Augsburg
Phone: +49 (0)821 - 509 10-000
Fax: +49 (0)821 - 509 10-999
E-mail: investor.relations@patrizia.ag
Internet: www.patrizia.ag
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart

End of News DGAP News Service

429203 14.01.2016
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