DGAP-News: IFM Immobilien AG:

IFM Immobilien AG / Final Results

24.04.2008

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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IFM Immobilien AG Quickly Expands High-Quality Portfolio&#61607; Project developer releases 2007 financial statements&#61607; Consolidated revenues more than double to EUR 9.3 million in 2007&#61607; Consolidated profit after taxes up more than a factor of eleven,
to EUR 5.1 million&#61607; Net Asset Value per share rose by 52% to EUR 16.56&#61607; Change to Prime Standard segment pending

Heidelberg / Frankfurt am Main, April 24, 2008: IFM Immobilien AG, an
investor and project developer that is particularly engaged in commercial
real estate, with an emphasis on office and downtown retail uses, turned in
a dynamic performance in 2007 and briskly expanded the portfolio of
properties of IFM group. As of December 31, 2007, the portfolio had grown
to EUR 228 million, an 81% increase over a year earlier. The Net Asset
Value (NAV) per share rose from EUR 10.92 at 31 December 2006 by 52% to EUR
16.56 at the end of 2007. IFM Immobilien AG released its 2007 financial
statements and consolidated financial statements today on the Internet
(www.ifm.ag).

Said Georg Glatzel, CEO of IFM Immobilien AG: 'IFM has performed very well
since it went public in May 2006. We've invested in high-quality properties
in select locations, and in just a short time have built up a portfolio
with great potential for appreciation. The 2007 figures show very clearly
how attractive our business model is investing in carefully selected
commercial properties and new construction, upgrading them through active
project development, and then positioning them in the market with the
assistance of innovative marketing concepts. In the future, IFM intends to
also move into selling properties to realize the appreciation it creates,
and will thus operate in the entire real estate cycle.'

Group revenue and earnings performance in 2007
Consolidated revenue, which comes primarily from rental income, rose from
the 2006 figure of EUR 4.3 million to EUR 9.3 million in 2007. The sharp
increase derived in part from full occupancy at the WestendFirst property
in Frankfurt am Mains West End, as well as from new projects acquired in
2007: GutenbergPark in Mainz, Maxxon in Eschborn, the Office Tower in
Darmstadt, Kureck in Wiesbaden, and Feldbergstrasse in Frankfurt am Main.

The gain on the fair valuation of investment properties more than
tripled, to EUR 5.2 million, compared to EUR 1.6 million in 2006. This item
represents properties held to generate rental income and/or for purpose of
appreciation. The recognized gain came from the WestendFirst property in
Frankfurt am Main and GutenbergPark in Mainz. It reflects IFMs business
model, which aims for capital appreciation by actively working to develop
projects in the real estate portfolio.

The operating profit (earnings before taxes) came to EUR 4.3 million,
compared to EUR 0.9 million for the prior year.

The consolidated profit after taxes and minority interests rose from EUR
0.4 million to EUR 5.1 million, or by a factor of more than eleven against
the prior year.

Consolidated balance sheet performance in 2007
Consolidated total assets grew 61.3%, from EUR 161.6 million at December
31 2006 to EUR 260.7 million at the end of 2007.

IFM systematically developed its portfolio, with new investments in
attractive buildings and land. Investment property, which serves to
generate rental income and/or for purposes of appreciation, increased by
EUR 56.8 million as a consequence, to EUR 138.8 million (Dec. 31, 2006: EUR
82.0 million). The value recognized for properties under development rose
to EUR 80.6 million (Dec. 31, 2006: EUR 44.0 million).

At the reporting date, the Group maintained a solid equity ratio of 36%
(Dec. 31, 2006: 55%).

Change of stock-exchange segment
On April 16, 2008, IFM decided to change from the Frankfurt Stock
Exchanges Open Market (Entry Standard segment) to the regulated market
(Prime Standard segment). The securities prospectus for admission is,
subject to its approval by the German Federal Financial Services
Supervisory Authority (BaFin), planned for release today, April 24. The
companys stock is expected to be admitted to the regulated market on April
29. The Company expects the change to Prime Standard, with its expanded
transparency requirements, to strengthen its standing in the capital
market, especially among international investors.

Outlook for fiscal 2008
The IFM Immobilien Group is planning to grow its real estate portfolio
further, possibly also through joint ventures with partners. The Executive
Board has reaffirmed its goal of increasing the portfolio, including
ongoing project developments, to about EUR 500 million in the mid-term.
Besides the Rhine/Main/Neckar metropolitan regions, the Company plans to
acquire additional attractive properties in the major business regions of
Munich, Cologne/Düsseldorf, and Hamburg, so as to diversify its property
portfolio regionally.

One highlight of the current year will be the completion of the Romeo &
Julia property, very close to the landmark WestendFirst property in
Frankfurt am Main. The new property is undergoing a complete renovation,
and marketing to prospective tenants has already begun.

On the basis of rising rental income, IFM assumes that the value of its
portfolio will grow further. In all, the Executive Board believes the Group
is well equipped to continue its pattern of dynamic growth.

About IFM Immobilien AG:
IFM Immobilien AG is an investor and project developer particularly engaged
in commercial real estate, with an emphasis on office and downtown retail
uses. In addition to conventional project development, its business also
includes redeveloping, restructuring and repositioning commercial
properties. The properties that IFM acquires generally stand out for what
IFM sees as an attractive risk-opportunity profile, extensive potential for
development and appreciation, and preferred locations. Applying this
strategy in combination with its core competences in redevelopment,
restructuring and repositioning, IFM Immobilien AG helps revitalize
properties, and thus generates what it believes will be sustainable
property values.

This publication constitutes neither an offer to sell nor an invitation to
make an offer to buy securities. This publication is for distribution only
to persons (i) outside the UK, (ii) who have professional experience in
matters relating to investments or (iii) who are persons falling within
article 49 (2) (a) to (d) ('High Net Worth Companies', Unincorporated
Associations etc.) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 or to whom it may otherwise be lawfully
passed on (all such persons together being referred to as 'Relevant
Persons'). This publication is directed only at Relevant Persons and must
not be acted on or relied on by persons who are not Relevant Persons. Any
investment or investment activity to which this publication relates is
available only to Relevant Persons and will be engaged in only with
Relevant Persons. This document does not constitute an offer of securities
for sale or a solicitation of an offer to purchase securities in the United
States. The shares in IFM Immobilien AG (the 'Shares') may not be offered
or sold in the United States absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended (the
'Securities Act'). The Shares have not been and will not be registered
under the Securities Act and are not being and will not be offered or sold
in the United States. Any public offering of shares to be made in the
United States would only be made by means of a prospectus which would be
available at the company and which would contain detailed information about
the company and its management as well as its financial statements.

NOT FOR DISTRIBUTION IN THE US, CANADA, AUSTRALIA OR JAPAN

If you have any further questions, please contact:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Tel: +49 (0) 5404 91 92 0
Fax:+49 (0) 5404 91 92 29
office@elsner-kommunikation.de

Company contact:
Karl-Ludwig-Straße 2
69117 Heidelberg
T. +49 (0) 6221 434098-0
F. +49 (0) 6221 434098-66

Ulmenstraße 23-25
60325 Frankfurt
+49 (0) 69 7040386-0
+49 (0) 69 7040386-25
info@ifm.ag, www.ifm.ag

DGAP 24.04.2008
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