Deutsche Annington Acquires 2,300 Flats

Bochum, June 11th, 2007 - Deutsche Annington Immobilien Group (DAIG, Bochum) has acquired some 2,300 flats in good residential areas for a total of approximately € 179 million. The qualitatively premium units are located in Düsseldorf (some 1,200 units), Hamburg (some 440 units), Duisburg (some 160 units), Leipzig, Dresden (each with some 80 units), Kiel, Cologne, Mannheim (each with some 60 units), Berlin, Hildesheim (50 units each), Geesthacht (some 40 units) and Munich (some 20 units). The units have a gross, residential floor space amounting to roughly 162,000 m².

„Deutsche Annington, with its experience, regional structure and standardised IT platform, is in the position to be able to quickly and economically integrate even these smaller portfolios into the existing portfolio,” explained Wijnand Donkers, CEO, Deutsche Annington. “We examine the purchase of larger and smaller portfolios in the same way. At the moment we are actually looking at 80,000 flats. This year, we have €1.5 million available for acquisitions.”

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. Their main areas of business are the letting of residential property, active asset management, the acquisition of new residential portfolios in order to sustainably increase the company’s value as well a the sale of flats to tenants, owner-occupiers or capital investors (including management). 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: +49 234 314 – 1901

Mobile: +49 174 922 – 4995

katja.klemm@deutsche-annington.com