Colonia Real Estate AG / Disposal 17.09.2008 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Realized profit: 10 percent above book value - Transformation of office building in apartments almost finished according to schedule Cologne, 17th of September 2008. Colonia Real Estate AG signed a sales contract for 15 percent of the object Schanzentrasse 78 in Düsseldorf. In August 2006 Colonia Real Estate as a co-investor bought 15 percent of the investment vehicle 'Schanzenstrasse' in Düsseldorf with the goal to transform the vacant office building into a high quality residential building. Because the transformation process is almost successfully completed, Colonia Real Estate now sold their shares in the business with a profit of about 10 percent above book value. The closing of the transaction is planned for the 30th of September. The market value of the transaction equates 18.2 Mio Euro or 2,444 Euro per square meter living space. CRE Resolution, the asset management subsidiary of Colonia Real Estate, will further on be responsible for the project and asset management of the building. Stephan Rind, CEO of Colonia Real Estate: 'With this transaction we show that we can highly increase the value of our investments beyond the actual book value independent of the current market environment'. Contact: Stephan Rind CEO Colonia Real Estate AG Zeppelinstr. 4-8 50667 Köln Telefon: +49 (0)221 71 60 71 0 Fax: +49 (0) 221 71 60 71 99 E-Mail: ir@cre.ag PR and Press Contact: edicto GmbH Axel Mühlhaus Tel.: +49 (0) 69 9055055-2 amuehlhaus@edicto.de DGAP 17.09.2008 --------------------------------------------------------------------------- Language: English Issuer: Colonia Real Estate AG Zeppelinstr. 4 - 8 50667 Köln Deutschland Phone: +49 221-716071-0 Fax: +49 221-716071-99 E-mail: info@cre.ag Internet: www.cre.ag ISIN: DE0006338007 WKN: 633800 Indices: SDAX, GPR 250, MSCI Germany Small Cap Index, FTSE EPRA/ NAREIT, E&G DIMAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: Colonia Real Estate AG sells shares of residential portfolio in Düsseldorf with profit
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