TAG Tegernsee Immobilien- und Beteiligungs-AG: TAG Tegernsee Immobilien- und Beteiligungs- AG acquires large residential property portfolio
TAG Tegernsee Immobilien u. Beteiligungs AG / MiscellaneousRelease of an Ad hoc announcement according to § 15 WpHG, transmitted byDGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.----------------------------------------------------------------------Today, the company Bau-Verein zu Hamburg Aktien-Gesellschaft, a member ofTAG Tegernsee Immobilien- und Beteiligungs-AG (TAG), and one of itssubsidiaries acquired a large, high-yield residential property portfoliofrom Versorgungsanstalt des Bundes und der Länder (VBL), a public utility.No comment was available on the extent of the purchase price.The portfolio comprises 1,250 residential units with a total rented floorspace of approx. 82,000 m2 in various locations. Regional points ofconcentration are Ham-burg, Berlin and the Rhine/Main region. Theproperties are distinguished by attractive cash flows and provide goodpotential for portfolio development measures.Following the acquisition of these properties and taking account of arecent portfolio optimisation, the total volume of the TAG propertyportfolio is expected to grow to roughly EUR 840 million.Contact:TAG Tegernsee Immobilien- undBeteiligungs-AktiengesellschaftHead of investor and public relations Kirsten SchleicherTel. +49 (0) 40 380 32 300Fax +49 (0) 40 380 32 388pr@tag-ag.com24.06.2008 Financial News transmitted by DGAP---------------------------------------------------------------------- Language: EnglishIssuer: TAG Tegernsee Immobilien u. Beteiligungs AG Steckelhörn 9 20457 Hamburg DeutschlandPhone: +49 (0)40 380 32 300Fax: +49 (0)40 380 32 399E-mail: info@tag-ag.comInternet: www.tag-ag.comISIN: DE0008303504WKN: 830350Indices: SDAXListed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------