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DGAP-Ad-hoc: PATRIZIA Immobilien AG: CFO Dr. Georg Erdmann will leave PATRIZIA Immobilien AG

Dr. Georg Erdmann, Chief Financial Officer of PATRIZIA Immobilien AG, is leaving the company by mutual agreement to the end of the year for family reasons.

As of now, the Management Board member Alfred Hoschek will temporarily head the Finance division until a new CFO takes up office. Management Board and Supervisory Board are thankful for the many years of cooperation. With Alfred Hoschek an experienced manager assumes the Finance division who has a good network in the financial world as a result of his many years of activity. Alfred Hoschek had headed the Financial division until the IPO for a period of several years.

The operating business unit for which Alfred Hoschek was previously responsible as Chief Investment Officer will be assumed until further notice by Klaus Schmitt, Chief Operating Officer.

After the realignment, the PATRIZIA Immobilien AG Management Board consists of three Management Board members. CEO Wolfgang Egger (42), responsible for Strategy, Communication and Marketing, Klaus Schmitt (42), responsible for all operating areas and Alfred Hoschek (44), responsible for the entire Finance division, including financing.

About the company:
PATRIZIA Immobilien AG is an integrated real estate group with more than 20 years experience within the German Real Estate market. Its business activities include the purchase, value optimization and placement of residential and commercial real estate. The corporate activity of PATRIZIA Immobilien AG focuses on residential real estate. PATRIZIA Immobilien AG is listed in the Deutsche Börse Prime Standard and is a member of the SDAX.

The Management Board
Augsburg, December 10, 2007

PATRIZIA Immobilien AG
Fuggerstrasse 26
86150 Augsburg 

Listing:  Frankfurt Official Market (Prime Standard)

Investor Relations    
Claudia Kellert

Phone:+49 (0) 821 5 09 10-360 
Fax:+49 (0) 821 5 09 10-399 


Andreas Menke

Phone:+49 (0) 821 5 09 10-655
Fax:+49 (0) 821 5 09 10-695


Financial News transmitted by DGAP

Issuer:PATRIZIA Immobilien AG
 Fuggerstraße 26
 86150 Augsburg
Phone:+49 (0)821 - 509 10-000
Fax:+49 (0)821 - 509 10-999
Listed:Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Hamburg, Düsseldorf, Stuttgart

Ende of News - DGAP News-Service

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