HANSAINVEST mit neuer Immobilienstrategie

Investments planned in the U.S. and Europe, including Germany. Sale of a portfolio with German properties successfully completed.
Hamburg, 10 May 2007 - HANSAINVEST Hanseatische Investment-GmbH, an investment company of the SIGNAL IDUNA Gruppe, is realigning its real-estate activities. The company plans to expand its investment activities in the U.S., as well in Western, Central and Eastern Europe. Its current investments have focussed primarily on Germany and the rest of Western Europe. In addition to office properties, the company plans to increase its investments in other areas such as retail-business and logistics properties. Overall, new investments of 600 million euros are planned for 2007. Around 40% of these investments have already been made. In addition to investments in special real-estate funds, an expansion of the portfolio of the HANSAimmobilia Open Real Estate fund is planned.

HANSAINVEST plans future investments in new build and renovated properties with creditworthy tenants. Some of the locations being considered are Paris, London, Hamburg, Munich, as well as Barcelona and Milan.
In addition, there may be investments in major East European cities such as Warsaw and Budapest, as well as Scandinavian cities such as Stockholm and Helsinki. HANSAINVEST recently acquired office property in Paris for about 150 million euros, and retail business property on Tauentzienstraße in Berlin for about 55 million euros. Furthermore, other office properties were acquired in Berlin and Essen for about 35 million euros. Future investment activities in the U.S. and Canada will be focussed on Boston, Washington, Toronto or Vancouver, among other cities. HANSAINVEST already has investments in North America through real-estate vehicles managed by third parties. A total foreign investment share of about 50 percent
is planned.

In particular, the real-estate portfolio of the HANSAimmobilia Open Real Estate Fund is to be significantly expanded as part of the strategic realignment. Until now, HANSAimmobilia has focussed on commercial properties in Europe. The investment activities focus on London, Paris and Brussels, as well as Frankfurt am Main, Munich, Luxembourg and Amsterdam, among other cities. The medium-term target for investment assets is about one billion euros. The current amount of investment assets is about 550 million euros (as of April 2007), of which about 50% are invested abroad.

The latest sale was a mixed German portfolio with properties in the top five investment markets, such as Frankfurt, Hamburg or Düsseldorf, as well as secondary and periphery locations. The portfolio was put together from properties of the HANSAINVEST special real-estate fund, the HANSAimmobilia Open Real-Estate Fund, as well as the direct holdings of the SIGNAL IDUNA Gruppe. "The properties in the portfolio to be sold no longer fit in with the strategic alignment of HANSAINVEST and the SIGNAL IDUNA Gruppe," says Nicholas Brinckmann, managing director of HANSAINVEST. "With the sale, we are taking advantage of the attractive situation on the German investment market. This is reflected in the high level of investor interest in the portfolio of HANSAINVEST," says Brinckmann. A residential real-estate package with about 1,000 homes had already been sold at the end of 2006 to the Corpus Immobiliengruppe.

Press Contact:
Nicholas Brinckmann
Geschäftsführer
HANSAINVEST Hanseatische Investment-GmbH
Kapstadtring 8
22297 Hamburg
040 / 300 57 61 60
0173 / 39 46 238
nicholas.brinckmann@hansainvest.de