TAG Immobilien AG (TAG) is the holding company of a real estate group which can look back on a long history. The company focuses on the real estate market in German metropolitan regions such as Hamburg, Berlin, Munich, Leipzig and the Rhein/Main and Rhein/Ruhr regions. The Group’s operating business is primarily performed by its subsidiary, the listed company Bau-Verein zu Hamburg AG as well as TAG Gewerbeimmobilien-AG (Pre-REIT status) and TAG Asset Management GmbH. TAG has branches in Hamburg, Berlin, Leipzig and Munich and employs a total of 181 (as of 12/31/2007) people. It has been listed in the SDAX since December 2006.
 
Today, the Company’s business is performed from its Hamburg offices, although its roots are by the banks of Lake Tegern (Tegernsee) in South Germany. It was originally incorporated in 1882 as a railway company called Eisenbahn Aktiengesellschaft-Schaftlach-Gmund-Tegernsee. Today, there is still a railway link in operation. However, TAG leased out the rolling stock to a third party in 1999 to concentrate solely on the acquisition of equity interests.  To this day, it holds real estate in Tegernsee, which continues to generate regular income.

Since the stock market flotation in 2000, the volume of shares has grown sharply. With the successful completion of a cash equity issue of € 21.3 million in March 2006, the share capital was increased from 10,004,901 to 12,556,364 shares. As a result of the very strong interest on the part of international real estate investors, this preliminary equity issue was oversubscribed multiple times.

As a result, the shareholders passed a resolution with around 90 percent of the votes cast at the annual general meeting held in June 2006 to create the basis for a major equity issue. In this way, it was possible to place a further 20,010,000 shares in the capital market in August 2006, causing the share capital to increase to € 32,566,364 and generating gross proceeds of € 160 million for TAG. The equity ratio was more than doubled, with equity now standing at € 289 million.