DGAP-News: PATRIZIA Immobilien AG / Key word(s): Real Estate/Acquisition PATRIZIA Immobilien AG: PATRIZIA purchases premium value retail property portfolio 15.12.2015 / 08:42 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Acquisition for special property fund PATRIZIA purchases premium value retail property portfolio - 18 specialist outlets, supermarkets and DIY stores covering a combined area of 202,000 square metres - Properties in several states including Bavaria, Baden-Württemberg and North Rhine-Westphalia - Average tenancy agreement lasts more than ten years Augsburg (Germany), 15 December 2015. PATRIZIA Immobilien AG has acquired a premium value retail property portfolio, thus expanding on its position as a leading European specialist in retail property. The acquired portfolio includes 18 specialist outlets, supermarkets and DIY stores operating under well-known brands such as Rewe, Metro, Real, Edeka, Toom and Media Markt. The total leasable retail area amounts to around 202,000 square metres. The outlets are located in strong economic areas in the western states of Bavaria, Baden-Württemberg, North Rhine-Westphalia, Lower Saxony, Bremen and Saarland. "This allows PATRIZIA to keep building on its position as one of the biggest lessors of retail property in Germany," states Wolfgang Egger, CEO of PATRIZIA Immobilien AG. The newly acquired properties have an average tenancy agreement of over ten years. Around 70 per cent of rental fees are accounted for by two trading groups with strong credit ratings. At 1.7 per cent, the vacancy rate is extremely low. "The world of retail property is undergoing rapid change. To add value to retail property, it's becoming increasingly important to manage assets proactively, so more and more investors are banking on the support of experts when it comes to their investments," states Egger. The portfolio will be transferred to a special property fund, which is used as an investment vehicle by savings banks, insurance companies and pension funds. The seller is a property fund. It has been agreed that the purchase price should remain confidential. PATRIZIA now manages retail property throughout Europe with a total value of around EUR 2.4 billion. In September, PATRIZIA acquired a retail business complex in the centre of Copenhagen through its Danish subsidiary. In October, the company acquired a comprehensive retail portfolio in the Netherlands through its subsidiary PATRIZIA Netherlands. In February of 2015, PATRIZIA acquired a retail portfolio spanning 107 supermarkets, discounters and specialist retail centres throughout the whole of Germany. 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. Contact: Investor Relations Verena Schopp de Alvarenga T +49 821 50910-351 [email protected] --------------------------------------------------------------------------- 15.12.2015 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 Germany Phone: +49 (0)821 - 509 10-000 Fax: +49 (0)821 - 509 10-999 E-mail: [email protected] 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 End of News DGAP News Service --------------------------------------------------------------------------- 423463 15.12.2015