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

- Take-over of 66% stake with a financial investor

- Undervalued real estate investment

- High synergy potential

- Preliminary figures for the financial year 2008 confirmed

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investments

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

end of announcement euro adhoc
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ots Originaltext: InCity Immobilien AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

InCity Immobilien AG

André Peto

Phone: +49 (0) 221 95 27 57 55

a.peto@incity.ag

Investor Relations

Dariusch Manssuri

Phone: +49 (0) 221 91 40 970

dariusch.manssuri@ir-on.com

Branche: Real Estate
ISIN: DE000A0HNF96
WKN: A0HNF9
Börsen: Börse Frankfurt / free trade/entry standard
Börse Berlin / free trade