PATRIZIA Immobilien AG: PATRIZIA acquires supermarket portfolio with 107 retail properties

Additional co-investment

Augsburg (pta006/13.02.2015/07:00 UTC+1) Key points:
- Acquisition price of EUR 286 million
- Properties comprise total rental space of around 229,000 sqm
- Retail properties located throughout Germany
- Active management approach in purchase phase results in long-term stability and tenant retention

PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) has acquired a supermarket portfolio with 107 retail properties. The portfolio chiefly consists of supermarkets, discounters and retail centres throughout Germany, most of which are leased to well-known food retailers. The purchase price is EUR 286 million. "This acquisition increases the value of the real estate assets managed by PATRIZIA in the retail sector to approximately EUR 1.6 billion, making us one of the biggest lessors in this segment in Germany", comments Wolfgang Egger, CEO of PATRIZIA Immobilien AG. The purchase was made for a co-investment of PATRIZIA Immobilien AG. The seller is Eurocastle Investment Limited, a listed, closed-end fund domiciled in Guernsey.

The retail properties in the portfolio are located in regions with strong economies throughout Germany, with a focus on Western German federal states, and comprise total rental space of around 229,000 sqm. The occupancy rate is around 95%.

PATRIZIA will promptly invest in the real estate portfolio together with the portfolio's main tenants and will upgrade, modernise and expand a large number of locations. Right from the purchase phase on, we had a very positive contact with many of the key chain operators. "We are delighted that we have once again succeeded in turning a complex portfolio into a stable investment product for our institutional co-investors", says Egger.

Only around 18 months ago, PATRIZIA acquired the "DEIKON" portfolio with 85 retail properties for institutional investors for EUR 178 million. As with DEIKON, the purchase was managed by PATRIZIA Alternative Investments GmbH in close collaboration with PATRIZIA's Portfolio Management segment, which specialises in retail and is based in Berlin.

About PATRIZIA Immobilien AG
With about 800 employees in over ten countries, PATRIZIA Immobilien AG has been active on the real estate market as both 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. As a recognised business partner of large institutional investors, the Company operates in Germany and other countries and covers the entire value chain in the real estate industry. At present, the Company manages real estate assets worth about EUR 15 billion, primarily as co-investor and portfolio manager for insurance companies, pension fund institutions, sovereign wealth funds and savings banks. For additional information, please visit www.patrizia.ag.

The Managing Board

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Emitter:	PATRIZIA Immobilien AG Fuggerstraße 26 86150 Augsburg Germany
Contact Person:	Investor Relations
Phone:	+49 821 50910-369
E-Mail:	investor.relations@patrizia.ag
Website:	www.patrizia.ag
ISIN(s):	DE000PAT1AG3 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Hannover, Munich, Stuttgart