HAHN-Immobilien-Beteiligungs AG: Interim Report as of May 11, 2012

HAHN-Immobilien-Beteiligungs AG  / Release of an announcement according
to Article 37x of the WpHG [the German Securities Trading Act]

11.05.2012 07:45

Interim report according to Article 37x of the WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Interim Report of Hahn-Immobilien-Beteiligungs AG as of May 11, 2012

  - Gross income climbs to EUR 2.88 million (prior year: EUR 1.84 million)

  - Consolidated after-tax profit at EUR 0.06 million (prior year: EUR
    -0.75 million)

  - Recurring management income rises 6.4 percent, to EUR 1.82 million
    (prior year: EUR 1.71 million)

  - Outlook confirmed: Profit expected for 2012

Bergisch Gladbach, May 11, 2012 - HAHN-Immobilien-Beteiligungs AG has
started off fiscal 2012 within projections. The Group's operating results
and financial position improved again in the first quarter over the same 
period last year.

In the institutional fund business, the Group made two acquisitions in the
first quarter for the HAHN FCP-FIS German Retail Fund, an institutional
real estate fund that the Group manages jointly with LRI Invest S.A. The
total investment for the two acquired North German retail warehouse centers
was about EUR 25 million. The properties in Neumünster and Husum, which
have been completely updated in the past few years, are both fully leased
to long-term tenants. The acquisition increases the HAHN FCP real estate
portfolio to more than EUR 380 million.

In its business with private clients the Group placed shares of closed-end
real estate funds with a total equity volume of some EUR 3.0 million with
private investors and wealth managers:

  - Pluswertfonds (PWF) 157, established last year and investing in a
    hypermarket in Saarburg, was placed in full during the first quarter.
    The equity tranche brokered in 2012 came to EUR 2.3 million.

  - A further roughly EUR 0.8 million was collected in the private
    placement of PWF 156, for investment in a retail warehouse center in
    Übach-Palenberg.

A new closed-end real estate fund is currently in planning. Marketing for
PWF 159, which will invest in a downtown retail warehouse center in North
Rhine-Westphalia, is expected to begin within a short time.

The Hahn Group has also acquired another retail property in Hilden,
Warrington-Platz. Over the next few months, Hahn Asset Management plans to
fully update the former Hertie department store property and to develop it
into an attractive, centrally located shopping center. The total investment
will be some EUR 17 million. The planned rental space is approximately
6,500 m2. Occupancy was already about 70 percent when the project began,
with the main tenants Saturn and Kaiser's. After being upgraded to a core
property, the shopping center will be sold.

Gross income (revenue less cost of sales) came to EUR 2.88 million,
compared to EUR 1.84 million for the same period last year. Recurring
income from fund and real estate management likewise grew, by a welcome 6.4
percent, to EUR 1.82 million. The consolidated after-tax profit was EUR
0.06 million (previous year: EUR -0.75 million).

The Group's equity ratio remained stable, at 34.5 percent, hardly changing
from the end of 2011 (December 31, 2011: 33.9 percent)

Outlook
Said Thomas Kuhlmann, Member of the Board of Management of
HAHN-Immobilien-Beteiligungs AG: 'Despite the environment in the capital
markets, which has been troubled by the euro crisis, demand for high-yield,
well-managed retail properties remains high. With our specialized fund and
asset management, we intend to continue to profit from this interest on the
part of investors. Following a profitable fiscal 2011, we are on the right
track to be able to continue our positive business performance this year.'

The Hahn Group reconfirms its projections for all of 2012 as reported in
the 2011 Annual Report. It still expects to show a consolidated profit of
EUR 2 to 3 million.

Hahn Group
The Hahn Group has been a leading asset manager in retail real estate since
1982. It develops fund products for private and institutional investors and
manages external real estate portfolios. The Hahn Group manages assets in
excess of Euro 2 billion. With the experience gained from the issue of
about 170 closed-end real estate funds and institutional fund products, the
Hahn Group aims for a high degree of investment security and strong returns
on investment. Its comprehensive management services develop the full
return potential of real estate and thus maximize value-added for its
investors. The Hahn Group is listed on all German stock exchanges. Further
information is available at: www.hahnag.de.

Contact information     
Hahn Group     
Marc Weisener   
Investor and Press Relations  
Buddestrasse 14   
51429 Bergisch Gladbach  
Phone: 02204-94 90-118  
Fax: 02204-94 90-139  
Email: mweisener@hahnag.de 
  



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Language:     English
Company:      HAHN-Immobilien-Beteiligungs AG
              Buddestrasse 14
              51429 Bergisch Gladbach
              Germany
Internet:     www.hahnag.de
 
End of Announcement                             DGAP News-Service
 
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