Announcement

TAG Immobilien AG sells residential property in Hamburg

TAG Immobilien AG sells residential property in Hamburg * Based on IFRS book values, the sale will result

TAG Immobilien AG sells residential property in Hamburg

TAG Immobilien AG / Key word(s): Miscellaneous

05.01.2012 / 10:25

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TAG Immobilien AG sells residential property in Hamburg

* Based on IFRS book values, the sale will result in capital gains of EUR
2.8 million
* Selling price is approx. 30 % above IFRS book value

Hamburg, 05 January 2012 -TAG Immobilien AG (TAG in the following) has sold
a property in Hamburg containing roughly 5,400 m² of residential space in
130 units. TAG and the buyer have agreed to keep the purchase price
confidential; however, it is 30 % above the property's current IFRS book
value and will result in gains of around EUR 2.8 million.

The sale of the property was driven by the purchase price offered, which
was well above the last appraisal.

Rolf Elgeti, managing director of TAG Immobilien AG, says: 'While TAG is a
long-term investor, we occasionally take advantage of opportunities to
realise profits by selling properties at attractive prices. We will invest
the capital released in this way in buying properties with a much higher
initial yield, which will further improve the operating profitability of
the TAG group. We will, of course, continue to perform individual sales
wherever this seems in line with value-optimising portfolio management.'

About TAG Immobilien AG:
TAG Immobilien AG (TAG) is a publicly listed real-estate company with a
125-year history. The SDAX-listed company currently has a market cap of
approx. EUR 450 million. Its primary businesses are residential and
commercial properties in German metropolises, as well as property-related
services. Through active asset management and targeted inventory
development, TAG gradually leverages existing potential, which leads
directly to an increase in rental profits. Essentially, its business
activities centre on generating stable cash flows and attractive yields.


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Language:    English                                                    
Company:     TAG Immobilien AG                                          
             Steckelhörn 5                                              
             20457 Hamburg                                              
             Germany                                                    
Phone:       040 380 32 0                                               
Fax:         040 380 32 390                                             
E-mail:      ir@tag-ag.com                                              
Internet:    www.tag-ag.com                                      
ISIN:        DE0008303504                                               
WKN:         830350                                                     
Listed:      Regulierter Markt in Frankfurt (Prime Standard), München;  
             Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,      
             Stuttgart                                                  
 
 
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