PATRIZIA Immobilien AG: PATRIZIA signs purchase agreement for residential portfolio in the Netherlands

Augsburg (pta016/24.07.2014/12:00 UTC+2) Key points:
- Acquisition still subject to approval
- Portfolio comprises approximately 5,500 residential units
- Purchase price EUR 578 million
- Co-investment strategy continues

PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) has signed a purchase agreement for the acquisition of a portfolio of approximately 5,500 residential units in the Netherlands. The broadly diversified housing portfolio covers a total of 340,000 sqm of residential space. The seller is the Dutch housing association Vestia. The purchase price is EUR 578 million. PATRIZIA Immobilien AG is acquiring this Dutch portfolio for the co-investment WohnModul I, whose partner is a renowned German pension fund. In this connection, PATRIZIA is taking over fund and asset management and also the employees responsible for property management of this real estate. The transaction is expected to be completed by the end of the year. The purchase agreement is still subject to the approval of various bodies on the seller side. With this transaction on the Dutch market, PATRIZIA is continuing its path of systematic European expansion and is well on track towards achieving its results and growth forecast for 2014.

The Managing Board

Corporate News can also be viewed under
www.patrizia.ag/en/investor-relations/announcements/corporate-news/.

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Emitter:	PATRIZIA Immobilien AG Fuggerstraße 26 86150 Augsburg Germany
Contact Person:	Verena Schopp de Alvarenga
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