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DGAP-Ad-hoc: PATRIZIA Immobilien AG enlarges Managing Board

PATRIZIA Immobilien AG (ISIN: DE000PAT1AG3) today announced that its Supervisory Board has appointed Dr. Georg Erdmann to serve on the Managing Board.

Dr. Erdmann will take up his new post as Chief Financial Officer on the Managing Board effective October 1, 2006. Having already served as head of Finance since 1999 and as a member of PATRIZIA Immobilien AG's Executive Committee since 2001, Dr. Erdmann has been instrumental in shaping the company's development. Up to now, Chief Investment Officer Alfred Hoschek has also taken care of PATRIZIA's Corporate Finance. Constant growth has nevertheless made it imperative to split these two vital functions. In future, Mr. Hoschek will thus focus his attention more strongly on the company's core Investment business while Dr. Erdmann devotes himself to Corporate Finance.

The Managing Board
Augsburg, September 28, 2006

PATRIZIA Immobilien AG
PATRIZIA Bürohaus
Fuggerstrasse 26
86150 Augsburg 
Germany

Listing:  Frankfurt Official Market (Prime Standard)
ISIN:  DE000PAT1AG3
SIN:  PAT1AG

Contact:
Investor Relations    
Claudia Kellert

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

investor.relations@patrizia.ag  

Press
Andreas Menke

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

presse@patrizia.ag

Financial News transmitted by DGAP

Language:English
Issuer:PATRIZIA Immobilien AG
 Fuggerstraße 26
 86150 Augsburg
 Germany
Phone:+49 (0)821 - 509 10-000
Fax:+49 (0)821 - 509 10-999
E-Mail:investor.relations@patrizia.ag
Internet:www.patrizia.ag
ISIN:DE000PAT1AG3
WKN:PAT1AG
Indices:SDAX
Listed:Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Hamburg, Düsseldorf, Stuttgart

Ende of News - DGAP News-Service

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