PATRIZIA Immobilien : statement regarding the report on the suspicious...

PATRIZIA Immobilien AG states clearly and without any doubt that the purchase of GBW involved no 'Russian money', 'money from Russia' or similar as reported by Handelsblatt / Monitor.

The coverage clearly lacks foundation and is categorically wrong. The suspicion is a baseless lie, a point we have directly communicated to the Handelsblatt and Monitor editors and which we will continue to communicate. We resolutely oppose these invented claims and will defend ourselves against these false claims with all the legal means at our disposal.

Where appropriate, we suggest any media considering a follow-up report should first thoroughly investigate the facts and pay attention to the discrepancies clearly discernible in the Handelsblatt article.

Finally, we are not prepared to be used as an object in an obviously politically motivated attack.

PATRIZIA Immobilien AG:

PATRIZIA Immobilien AG has been active as an investment manager in the real estate market across Europe for more than 30 years. PATRIZIA's activities include the acquisition, management, repositioning and sale of residential and commercial real estate through its own licensed investment platforms. As a global provider of real estate investments in Europe, PATRIZIA operates as a respected business partner of large institutional investors and retail investors in all major European countries. On completing the takeovers of recently acquired real estate investment management companies PATRIZIA will manage almost EUR 40 billion of real estate assets, primarily as a portfolio manager for insurance companies, pension fund institutions, sovereign funds, savings and cooperative banks and as co-investor. For further information, please visit: www.patrizia.ag.