IFM Immobilien AG / Miscellaneous 17.07.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- IFM Immobilien AG acquires Frankfurts Zeilgalerie Frankfurt am Main, July 17, 2008: Today IFM Immobilien AG, an investor and active project developer that is particularly engaged in commercial real estate, with an emphasis on office and downtown retail uses, acquired the Zeilgalerie shopping center in Frankfurt am Main from Signature Capital. The transaction is expected to go through in mid-August. The purchase was carried out indirectly by acquiring 94.8% of the project company that owns the Zeilgalerie. The seller retains a 5.2% minority interest. The total investment, including EUR 8 million for planned revitalization work, will exceed EUR 59 million. The acquisition strengthens IFM Immobilien AGs portfolio in downtown retail. The Zeilgalerie was built in 1992, and has 43 commercial tenants on a total floor space of about 12,400 m2. Occupancy is 95 percent, and provides a current rental yield of more than 6 percent. ISIN: DE000A0JDU97 WKN: A0JDU9 For inquiries, 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 Corporate contact information: Karl-Ludwig-Strasse 2 69117 Heidelberg T. +49 (0) 6221 434098-0 F. +49 (0) 6221 434098-66 Ulmenstrasse 23-25 60325 Frankfurt T. +49 (0) 69 7040386-0 F. +49 (0) 69 7040386-25 info@ifm.ag, www.ifm.ag DGAP 17.07.2008 --------------------------------------------------------------------------- Language: English Issuer: IFM Immobilien AG Karl-Ludwig-Straße 2 69117 Heidelberg Deutschland Phone: +49 (0)6221-434 098 0 Fax: +49 (0)6221-434 098 66 E-mail: info@ifm.ag Internet: www.ifm.ag ISIN: DE000A0JDU97 WKN: A0JDU9 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: IFM Immobilien AG acquires Frankfurts Zeilgalerieilien AG
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