HAHN-Immobilien-Beteiligungs AG: Interim Report as of November 11, 2011

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

11.11.2011 07:35

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
November 11, 2011

  - Equity placements with private clients come to EUR 22 million -
    unchanged from previous year's strong figure

  - Recurring management income up 9.9 percent

  - Successful capital increase improves equity ratio to 25.4 percent
    (12/31/2010: 20.7 percent)

  - Consolidated loss of EUR -3.50 million (previous year: EUR +0.48
    million) because revenue and earnings impact of some fund placements
    pertains to other periods

  - Full-year 2011: Consolidated profit expected

Bergisch Gladbach, November 11, 2011 - In the first nine months of this
fiscal year, HAHN-Immobilien-Beteiligungs AG placed shares of closed-end
real estate funds with a total equity volume of some EUR 22 million with
private investors and family offices. In combination with consistently good
demand the previous year's placement result (EUR 22 million) has been
matched.

  - The Pluswertfonds (PWF) 151 fund, established last year and invested in
    two retail warehouse centers in Nordhorn and Offenbach, was placed in
    full during the third quarter. The equity tranche brokered in 2011 came
    to EUR 12.3 million.

  - Some EUR 4.5 million in equity was collected for the PWF 154 fund,
    established and placed during the first half. Subscribers for this
    private placement acquired shares of a newly constructed retail
    warehouse center in Schwerte, with a total investment volume of EUR
    11.5 million.

  - PWF 155, another public fund, began marketing in September. The fund
    invests EUR 9.2 million in a food superstore, located in Sigmaringen.
    The total equity amounted to EUR 5.0 million. As of the end of
    September, EUR 3.1 million in equity, or more than 60 percent of the
    fund, had already been placed.

  - About EUR 2 million have been raised for a private placement investing
    in a hypermarket located in the western part of North-Rhine-Westphalia.

There were also new subscription commitments in the institutional fund
business. Subscribed equity for the HAHN FCP-FIS-German Retail Fund,
distributed throughout Europe, grew to more than EUR 200 million (previous
year: EUR 180 million). The fund's real estate portfolio currently includes
16 properties with a total investment volume of more than EUR 310 million.
Additional acquisitions are closely examined.

Said Thomas Kuhlmann, Member of the Board of Management of HAHNImmobilien-
Beteiligungs AG: 'We are quite satisfied with our business performance.
Demand for our fund products is reassuringly good. The fourth quarter will
lead to an additional upturn, because we will then complete the lion's
share of the real estate volume that was planned for 2011.'

At the end of October, the Hahn Group was nominated for the Scope Group's
annual Scope Award. Scope analyzes and evaluates capital investments, their
target markets, and their management companies. The 2011 award nomination
was in the Closed-End Real Estate Fund category, and is an incentive to
maintain a focus on high product quality and good service in the market for
investment plans aimed at private investors.

The Hahn Group's assets under management grew to EUR 2.13 billion (previous
year: EUR 2.05 billion) Recurring income from fund and real estate
management grew 9.9 percent, to EUR 5.19 million. On very good demand for
rentals, letting volume grew from the previous year's figure of 35,700 m²
to 78,100 m². The letting rate grew slightly to 97.7 percent (previous
year: 97.6 percent).

The revenue and income components from the PWF 151 placement already had to
be recognized last year. Income from the placement of PWF 154 will not be
recognized until the transactions settle in the fourth quarter. Because
these effects on revenue and income pertain to other periods, as already
explained in the first-half report, the Group's total revenues for the
first nine months of this year came to EUR 12.44 million (previous year:
EUR 33.80 million).

Gross profit (revenue less cost of sales) came to EUR 5.21 million,
compared to EUR 10.73 million for the same period last year. The net
finance expense improved from EUR -1.55 million to EUR -0.26 million, in
conjunction with a reduction in debt. The consolidated after-tax loss was
EUR -3.50 million (previous year: EUR +0.48 million). This is equivalent to
earnings per share of EUR -0.27 (previous year: EUR +0.04).

Thanks to the gross proceeds of EUR 5.51 million from the capital increase
that was completed on July 26 of this year, the equity ratio improved
significantly
to 25.4 percent, compared to 20.7 percent at the end of the first half.

Outlook

Conditions remain favorable for the marketing of real estate investment
products and for the management of retail real estate investments. However,
the capital markets' worries about the 'euro crisis' continue to be a
burden.

Our business performance for the year 2011 remains within expectations. We
expect, as planned, that fourth-quarter earnings will improve thanks to new
business, and that fund sales, real estate acquisitions, and asset
management will all contribute equally. In keeping with the projection from
the 2010 Annual Report, we expect consolidated earnings before taxes (EBT)
for the full year to fall within the range of between EUR 1 and 2 million.

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



11.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.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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