PATRIZIA Immobilien AG: PATRIZIA expects a successful year in 2014

Augsburg (pta006/17.12.2013/07:00 UTC+1) Highlights 2013 / Forecast 2014

- Eventful 2013 fiscal year
- Deikon and Hessen transactions closed
- 2014 forecast: Operating result of at least EUR 50 million

After an extraordinary 2013 fiscal year, PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) expects a successful year in 2014. Following the successful acquisition of GBW AG, the transactions for the Deikon and Hessen portfolios were also closed in the fourth quarter. However, another planned project has been postponed to the first quarter of the 2014 fiscal year. This is a "distressed deal" where the information basis is not generally available as planned.

Despite the favourable development in the current fiscal year, one-off effects such as achieving European-wide compliance with the requirements of the AIFM have resulted in extraordinary pressures on results. The resulting overall higher expenses could not have been foreseen when the forecast was issued. The postponement of the aforementioned transaction in the 2013 fiscal year means the one-off expenses cannot be offset. It is therefore not possible to achieve the forecast for 2013 that was issued when the Q3 results were published. Based on current planning, PATRIZIA's Managing Board expects an operating result of between EUR 38 and 41 million for the current year. The plans approved by the Supervisory Board yesterday forecast an operating result of at least EUR 50 million for the PATRIZIA Group in the 2014 fiscal year.

The Managing Board

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Emitter:	PATRIZIA Immobilien AG Fuggerstraße 26 86150 Augsburg Germany
Contact Person:	Verena Schopp de Alvarenga - Investor Relations
Phone:	+49 821 50910-351
E-Mail:	investor.relations@patrizia.ag
Website:	www.patrizia.ag
ISIN(s):	DE000PAT1AG3 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Hannover, Munich, Stuttgart