Deutsche Annington Acquires 3,400 Flats

Bochum, October 23, 2007 - Deutsche Annington Immobilien Group (DAIG, Bochum) has acquired roughly 3,400 flats. The vendor is the Dutch financial investor Nawon. The flats are predominantly located in North Rhine-Westphalia (Aachen, Bonn, Eschweiler, Grevenbroich) and were built in the 1960’s and 1970’s. The portfolio has a gross residential area of 230,000m².

Wijnand Donkers, Chief Executive Officer of Deutsche Annington: “Our regional structure and experience enable us to quickly and efficiently integrate the flats into our portfolio. Deutsche Annington’s structure and strategy are clearly geared towards future growth. This means that we consider all portfolios on the market, regardless of size.”

About Deutsche Annington:

The Deutsche Annington Immobilien Group (DAIG, Bochum) is one of the leading German, residential property companies with 220,000 leased and managed objects, nationwide. As an integrated residential property company, DAIG is pursuing three primary activities: increasing the value of its nationwide portfolio by active asset management and the letting of residential property, a selective sale of flats to tenants, owner-occupies or capital investors as well as the acquisitions of new residential portfolios to sustainably increase the company’s values. DAIG is a company oriented on the long-term and a responsible and strong lessor with a nationwide selection of residential property.

Contact:

Deutsche Annington Immobilien Group

Katja Klemm

Telephone: +49 (0) 234 314 – 1901

Mobile: +49 (0) 174 922 – 4995

katja.klemm@deutsche-annington.com