TAG Tegernsee Immobilien- und Beteiligungs-AG: TAG Tegernsee Immobilien- und Beteiligungs- AG acquires large residential property portfolio

TAG Tegernsee Immobilien u. Beteiligungs AG / Miscellaneous

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
----------------------------------------------------------------------

Today, the company Bau-Verein zu Hamburg Aktien-Gesellschaft, a member of
TAG Tegernsee Immobilien- und Beteiligungs-AG (TAG), and one of its
subsidiaries acquired a large, high-yield residential property portfolio
from Versorgungsanstalt des Bundes und der Länder (VBL), a public utility.
No comment was available on the extent of the purchase price.

The portfolio comprises 1,250 residential units with a total rented floor
space of approx. 82,000 m2 in various locations. Regional points of
concentration are Ham-burg, Berlin and the Rhine/Main region. The
properties are distinguished by attractive cash flows and provide good
potential for portfolio development measures.

Following the acquisition of these properties and taking account of a
recent portfolio optimisation, the total volume of the TAG property
portfolio is expected to grow to roughly EUR 840 million.


Contact:
TAG Tegernsee Immobilien- und
Beteiligungs-Aktiengesellschaft
Head of investor and public relations 
Kirsten Schleicher

Tel. +49 (0) 40 380 32 300
Fax +49 (0) 40 380 32 388
pr@tag-ag.com




24.06.2008  Financial News transmitted by DGAP
----------------------------------------------------------------------
 
Language:     English
Issuer:       TAG Tegernsee Immobilien u. Beteiligungs AG
              Steckelhörn 9
              20457 Hamburg
              Deutschland
Phone:        +49 (0)40 380 32 300
Fax:          +49 (0)40 380 32 399
E-mail:       info@tag-ag.com
Internet:     www.tag-ag.com
ISIN:         DE0008303504
WKN:          830350
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), München;
              Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
 
End of News                                     DGAP News-Service
 
---------------------------------------------------------------------------