EANS-News: InCity Immobilien AG expands Managing Board

- Friedrich Schwab appointed to the Managing Board

- InCity
Managing Board member Klaus Prokop also appointed to informica
Managing Board

- Foundations laid for leveraging further
synergies

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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companies

Cologne (euro adhoc) - 2 July, 2009 - InCity Immobilien AG, which is
specialised in planning and realising high-quality properties in
central urban locations, has appointed Friedrich Schwab to the
Managing Board as CFO effective June 23, 2009. The 55 year-old
originally comes from Würzburg and is also the Chairman of the
Managing Board of informica real invest AG, in which InCity and a
private financial investor took over the majority stake at the
beginning of April this year. Friedrich Schwab has held a number of
executive positions in the banking industry and real estate sector
and can look back on longstanding industry and project experience in
funding.

The Managing Board of InCity Immobilien AG is made up of André Peto,
responsible for Marketing, Sales and Investor Relations as well as
Klaus Prokop who is in charge of Real Estate Purchasing, Project
Management, Technology and Quality Management. Klaus Prokop has also
been appointed to the Managing Board of informica real invest AG.

InCity Managing Board member André Peto: "By expanding the Managing
Board of our company we have laid the foundations for increasing
cooperation with informica and quickly leverage synergies. As the
business of both companies is highly complementary given their joint
concentration on real estate in central urban locations as well as
common ground in the regional focus, there is promising potential for
synergies."

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: Frankfurt / free trade/entry standard
Berlin / free trade