DGAP-Adhoc: TAG Immobilien AG sells its commercial real estate portfolio to fund affiliated with Apollo Global Management

| Source: EQS Group AG EQS Group AG 

TAG Immobilien AG  / Key word(s): Disposal

28.03.2014 18:51

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc release

TAG sells its commercial real estate portfolio to fund affiliated with
Apollo Global Management

Hamburg, (28 March 2014 - TAG Immobilien AG ('TAG' in the following) today
signed a contract with Apollo European Principal Finance Fund II, a fund
affiliated with Apollo Global Management regarding the divestment of its
approximately 270,000 sqm commercial real estate portfolio held via TAG
Gewerbeimmobilien GmbH ('TAG GI' in the following). The sale will be
performed as a share deal at a value of approx. EUR 297 million and a small
book profit at TAG is expected. TAG will retain a 20% holding in TAG GI.
The parties expect the deal to be concluded during the second quarter of
2014.

Press enquiries:
TAG Immobilien AG
Head of Investor & Public Relations
Dominique Mann
Phone +49 (0) 40 380 32 300
Fax +49 (0) 40 380 32 390
pr@tag-ag.com


28.03.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      TAG Immobilien AG
              Steckelhörn 5
              20457 Hamburg
              Germany
Phone:        040 380 32 0
Fax:          040 380 32 390
E-mail:       ir@tag-ag.com
Internet:     http://www.tag-ag.com
ISIN:         DE0008303504, XS0954227210
WKN:          830350, A1TNFU
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), München;
              Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
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