PTA-News: PATRIZIA Immobilien AG: PATRIZIA sells around 630 apartments in Sweden
Resale following acquisition of a Swedish real estate fund

6/30/2015, 9:15 AM (Source: pressetext)
Augsburg (pta010/30.06.2015/09:15) - Portfolio in Umea goes to Swedish investor

Business news for the stock market

Augsburg (pta010/30.06.2015/09:15) - Portfolio in Umea goes to Swedish investor

PATRIZIA Immobilien AG has sold a portfolio with around 630 apartments in the Swedish university city of Umea. The buyer is Lerstenen Invest AB, a local investor from Sweden. The parties have agreed not to disclose the sales price. The housing portfolio has floor space of approximately 35,000 square metres. It was part of the Swedish real estate fund Hyresbostäder i Sverige III Gul AB acquired by PATRIZIA in mid-May, which comprised more than 14,000 apartments and had an investment volume of approx. EUR 900 million.

PATRIZIA had already announced at that time of the purchase that it would first include the residential portfolio in its own portfolio as a bridge investment and then make it available to its clients and third parties as a potential investment. "This placement process has begun successfully with the sale of the Umea portfolio and will be continued systematically over the next 12 to 18 months," says CFO Arwed Fischer.

Following the sale of the 630 apartments in Umea, the remaining residential portfolio is now focused in Germany. Alongside Berlin, where more than 5,000 apartments are located alone, the portfolio covers the metropolitan regions of Munich, Stuttgart, Frankfurt am Main, Cologne, Dusseldorf and Hamburg, as well as almost all regional capitals and metropolitan areas in West Germany. The residential portfolio is in good technical condition. Vacancy is less than 4%.

PATRIZIA Immobilien AG
With more than 800 employees in more than ten countries, PATRIZIA Immobilien AG has been active on the real-estate market as both an investor and service provider for more than 30 years. PATRIZIA's range includes the purchase, management, value increase and sale of residential and commercial real estate. As a recognised business partner of both large institutional investors and private investors, the Company operates in Germany and other countries and covers the entire value chain in the real estate industry. At present, the Company manages real estate assets worth around EUR 15.5 billion, primarily as a co-investor and portfolio manager for insurance companies, pension fund institutions, sovereign funds and savings banks. Further information can be found at www.patrizia.ag.

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emitter: PATRIZIA Immobilien AG
address: Fuggerstraße 26, 86150 Augsburg
country: Germany
contact person: PATRIZIA Investor Relations
phone: +49 821 50910-369
e-mail: investor.relations@patrizia.ag
website: www.patrizia.ag

ISIN(s): DE000PAT1AG3 (share)
stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Hamburg, free market in Dusseldorf, free market in Hannover; open market in Berlin

[ source: http://www.pressetext.com/news/20150630010 ]