Hamburg (19 March 2010) -TAG Immobilien AG (TAG) continues to visibly advance the positive business development seen in the second half of 2009.

By mid-March, the Group-wide vacancy rate for the first quarter 2010 had already dropped to 5.5 percent (Q1/09: 11.1 percent). In what can safely be termed an extraordinary economy, successful vacancy reductions in the commercial property portfolio and developments in the residential property portfolio have each lowered the vacancy rate by 2 percentage points since the end of the year. In residential properties, vacancy has undergone a distinctly positive development, dropping from 16.9 percent to 7.9 percent year-on-year. In Berlin alone, the vacancy has been reduced by over 25 percent to 10 percent (Q1/09: 24.9 percent) since the 2009 year-end statement. Reduced vacancy causes a long-term rise in the value of the real-estate portfolio.

These rental successes reflect the ongoing optimisation of the TAG portfolio and confirm its strategy and (business) focus on the active rental and asset management of its existing properties.

Press inquiries:
TAG Immobilien AG
Britta Lackenbauer / Dominique Mann
Investor & Public Relations
Phone: +49 (0) 40 380 32 300
Fax: +49 (0) 40 380 32 390
pr(at)tag-ag.com