TAG Immobilien AG sells residential property in Hamburg

TAG Immobilien AG / Key word(s): Miscellaneous05.01.2012 / 10:25---------------------------------------------------------------------TAG Immobilien AG sells residential property in Hamburg* Based on IFRS book values, the sale will result in capital gains of EUR2.8 million* Selling price is approx. 30 % above IFRS book valueHamburg, 05 January 2012 -TAG Immobilien AG (TAG in the following) has solda property in Hamburg containing roughly 5,400 m² of residential space in130 units. TAG and the buyer have agreed to keep the purchase priceconfidential; however, it is 30 % above the property's current IFRS bookvalue and will result in gains of around EUR 2.8 million.The sale of the property was driven by the purchase price offered, whichwas well above the last appraisal.Rolf Elgeti, managing director of TAG Immobilien AG, says: 'While TAG is along-term investor, we occasionally take advantage of opportunities torealise profits by selling properties at attractive prices. We will investthe capital released in this way in buying properties with a much higherinitial yield, which will further improve the operating profitability ofthe TAG group. We will, of course, continue to perform individual saleswherever 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 a125-year history. The SDAX-listed company currently has a market cap ofapprox. EUR 450 million. Its primary businesses are residential andcommercial properties in German metropolises, as well as property-relatedservices. Through active asset management and targeted inventorydevelopment, TAG gradually leverages existing potential, which leadsdirectly to an increase in rental profits. Essentially, its businessactivities centre on generating stable cash flows and attractive yields.End of Corporate News---------------------------------------------------------------------05.01.2012 Dissemination of a Corporate News, transmitted by DGAP - acompany of EquityStory AG.The issuer is solely responsible for the content of this announcement.DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de---------------------------------------------------------------------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                                                    End of News    DGAP News-Service  ---------------------------------------------------------------------  151736 05.01.2012