DGAP-News: Investors plan to increase property investments in Germany

ESTAVIS AG / Miscellaneous

06.02.2008 

Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE

Estavis Investment Barometer for Germany

Despite subprime crisis: Investors plan to increase property investments

Berlin, 6 February 2008 – Almost 70% of investors would like to increase
their property investments in Germany in 2008. 23% would like to maintain
the current level of their investments and just a small minority of only 9%
intends to reduce their property investments. These are the findings of the
latest survey by Estavis AG. Both German institutional investors and
investors in the US, UK and Scandinavia participated in the report. Almost
half of the companies, 42%, have increased their equity investments since
the subprime crisis. However, 27% stated that they had delayed their
investments as a result of the subprime crisis. 23% of the companies asked
indicated that they had not been affected by the subprime crisis.
'Investors are concerned that banks may now exit forthcoming or existing
finance arrangements. If this happened some investments would no longer be
possible,' explained Rainer Schorr, CEO of ESTAVIS AG.

Around 70% of those asked intend to focus their investments on commercial
property in the future. In addition to investments in hotels, logistics and
office properties, the main preference is for retail property. Retail
properties in pedestrian areas and specialist stores are seen as
particularly attractive. 'At the moment, residential property does not
appeal to investors. Only around 9% of investors are interested in
properties with a major residential share,' stated Schorr.

When asked about preferred locations the answer was very clear: More than
half of the respondents are particularly interested in large cities. 37%
prefer investments in cities with a population in excess of 500,000. 19%
said that their minimum population was one million. Of these cities, those
in the south and west of Germany are particularly attractive.
'Institutional investors are interested in cities that are economically
prospering, such as Hamburg, Cologne, Düsseldorf and Munich. Regions with
declining populations will face difficulties in the future,' commented
Schorr. 19% are still interested in Berlin. 'The high level of interest in
Berlin is probably still due to the lower purchase prices,' explained
Schorr.

Estavis also asked investors about their return expectations. Over 20% of
investors expect a return of at least 7.5% on opportunistic properties. For
core+ properties, two-thirds expect to see a return of 5.5% to 7.5% and in
the value-added sector over 70% of investors require a return of 6% to
7.5%.

With its investment barometer and the property barometer, Estavis regularly
reports on the real estate market in Germany. For the investment barometer,
Estavis asks institutional investors about their investment behaviour. In
the property barometer, Estavis reports on price developments of
residential and business properties in the €500,000 to €3 million price
segment. The price indicator has representative market coverage of around
80%. The property barometer is published on a monthly basis; the last
edition was in mid-January.


Contact:
ESTAVIS AG - Peter Vogt - Investor & Public Relations - Tel: + 49 30 887
181 799 - E-Mail: ir@estavis.de


DGAP 06.02.2008 
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Language:     English
Issuer:       ESTAVIS AG
              Uhlandstr. 165
              10719 Berlin
              Deutschland
Phone:        +49 (0)30 - 887 181 - 0
Fax:          +49 (0)30 - 887 181 - 11
E-mail:       info@estavis.de
Internet:     http://www.estavis.de
ISIN:         DE000A0KFKB3
WKN:          A0KFKB
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
End of News                                     DGAP News-Service
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