EANS-News: InCity Immobilien AG / Incity Immobilien AG acquires majority stake in Informica real invest AG

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Cologne (euro adhoc) - 2 April 2009 - InCity Immobilien AG, a group of companies
specialised in planning and realising high-quality properties in central urban
locations, has purchased a majority stake in the listed real estate company
Informica real invest AG. Together with a private financial investor, InCity
purchased 66% of Informica shares previously held by the Absolute European
Catalyst Fund.

Informica real invest AG focuses on the acquisition of high-yield, mainly
residential real estate with development and value added potential, real estate
brokerage as well as real estate management and administration. As of 31
December 2008, Informica had a real estate portfolio of 30 properties with 683
residential and commercial units in central and highly marketable locations in
Germany, including Berlin, Erfurt, Weimar and Würzburg. The investment volume of
the portfolio amounts to around EUR 54 million with a total floor space of
58,273 square meters. In addition, the company offers an attractive project
development pipeline.

The similar alignment of the two companies, the common focus on centrally
located real estate as well as the overlap of geographic regions promise a wide
range of potential synergies. With its specialisation in project development,
InCity can provide its expertise and network in financing, realising and sales,
while Informica continues to concentrate on its asset management know-how.

InCity Managing Board member André Peto: "Purchasing the majority stake in
Informica represents an attractive real estate investment at a very favourable
price. In case of a partial consolidation of Informica our total equity will
increase by EUR 11-13 million. Our aim is to further increase the value of
informica's equity by stepping up cooperation especially when it comes to
development projects in the existing portfolio. We view the total integration of
Informica into our group as a mid-term possibility."

Group figures for 2008 confirmed

In addition, InCity Immobilien AG confirmed the preliminary figures for the
financial year 2008 published on 23 March. The group sustained its strong growth
last year despite the downbeat market environment. The company's sales came in
at EUR 60.2 million, while the total operating performance including other
operating income was recorded at EUR 77.8 million. The operating result (EBIT)
improved to EUR 9.1 million. After interest and taxes, annual net income
totalled EUR 5.1 million, a plus of around 70% compared to the previous year
(EUR 3.0 million). As of 31 December 2008, the group had total assets of EUR
93.5 million, significantly up on the previous year's figure of EUR 58.2
million. The InCity Immobilien AG Managing and Supervisory Boards will propose a
dividend of EUR 0.35 per share at the Annual General Meeting.

The consolidated financial statements of InCity Immobilien AG will soon be
available on the company's website www.incity.ag.

About InCity Immobilien AG:
InCity Immobilien AG specialises in the planning and realisation of high-quality
property in inner city locations. The company develops and markets both
residential and retail properties using its inhouse expertise to minimise
project running time and to deliver high value added in the process. InCity
pools the experience accumulated through about 250 high-quality heritage
building redevelopment and new building projects for discerning self-users and
investors. The company creates exclusive, high-value space tailored to
customers' needs in top locations of German metropolitan areas. InCity
underlines its corporate responsibility towards society and the environment
through participation in the UN Global Compact, the international initiative of
the United Nations for the promotion of social and environmental principles.
Further information: www.incity.ag

Further inquiry note:
InCity Immobilien AG
André Peto
Phone: +49 (0) 221 95 27 57 55
[email protected]

Investor Relations
Dariusch Manssuri
Phone: +49 (0) 221 91 40 970
[email protected]

end of announcement euro adhoc
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emitter: InCity Immobilien AG
Gilbachstr. 29 a
D-50672 Köln
phone: +49(0)221 952757-55
FAX: +49(0)221 952757-57
mail: [email protected]
WWW: http://www.incity.ag
sector: Real Estate
ISIN: DE000A0HNF96
indexes:
stockmarkets: free trade/entry standard: Börse Frankfurt, free trade: Börse
Berlin
language: English

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