DGAP-News: Aareal Bank AG

DGAP-News: Aareal Bank sells property company in Sweden - slightly raises guidance for 2015's full-year consolidated operating profit, thanks to the positive impact on earnings

DGAP-News: Aareal Bank AG / Key word(s): Disposal Aareal Bank sells property company in Sweden - slightly raises guidance for 2015's full-year consolidated operating profit, thanks to the positive impact on earnings

08.12.2015 / 21:51 The issuer is solely responsible for the content of this announcement.

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Aareal Bank sells property company in Sweden - slightly raises guidance for 2015's full-year consolidated operating profit, thanks to the positive impact on earnings

Wiesbaden, 8 December 2015 - Aareal Bank AG has sold all the shares in its wholly-owned subsidiary Aqvatrium AB, the owner of Fatburssjön 10/Fatburen, a commercial property located in Stockholm. The buyer is AMF Fastigheter AB, a wholly-owned subsidiary of AMF Pensionsförsaking AB domiciled in Sweden. The preliminary purchase price is SEK 3,006 million, equivalent to approximately EUR 323 million. The parties signed a corresponding agreement today. Aareal Bank will realise non-recurring income expected to amount to approximately EUR 70 million from the transaction. The majority of this figure will be incurred at the closing date of the transaction - expected for April 2016 - and hence, in the next financial year. Based on the portion of income (EUR 12.5 million) to be recognised already in the 2015 financial year, Aareal Bank AG slightly increases its consolidated operating profit forecast for the full year 2015, from between EUR 450 million to EUR 460 million, to between EUR 460 million and EUR 470 million. At the end of February, Aareal Bank will report on the impact of the transaction's contribution to 2016 results on the Bank's full-year guidance for 2016, as part of its outlook for the 2016 financial year.

Besides the positive contribution to earnings from this transaction in 2016, Aareal Bank also anticipates offsetting non-recurring effects - including project-related expenditure as well as investments, which will also be included into the outlook for 2016.

Aareal Bank acquired the Fatburssjön 10/Fatburen property, located in Stockholm's Södermalm area, within the scope of a foreclosure. Aareal Estate AG, a wholly-owned subsidiary of Aareal Bank AG, supported the property's successful market re-positioning.

Aareal Bank Group Aareal Bank Group, headquartered in Wiesbaden, Germany, is one of the leading international property specialists. It is active across three continents - in Europe, North America and Asia. Aareal Bank AG, whose shares are included in Deutsche Börse's MDAX index, is the Group's parent entity. It manages the various entities organised in the Group's two business segments: Structured Property Financing and Consulting/Services. The Structured Property Financing segment encompasses all of Aareal Bank Group's property financing and funding activities. In this segment, the Bank facilitates property investment projects for its domestic and international clients, within the framework of a three-continent strategy covering Europe, North America and Asia. In the Consulting/Services segment, Aareal Bank Group offers clients - particularly from the housing industry and the commercial property sector - services and products for managing residential property portfolios and processing payment flows.



Contact: Aareal Bank AG Corporate Communications

Sven Korndörffer Phone: +49 611 348 2306 sven.korndoerffer@aareal-bank.com

Christian Feldbrügge Phone: +49 611 348 2280 christian.feldbruegge@aareal-bank.com

Jorge Person Phone: +49 611 348 3217 jorge.person@aareal-bank.com

Alessandro Schwarz Phone: +49 611 348 2923 alessandro.schwarz@aareal-bank.com

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08.12.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Language: English Company: Aareal Bank AG Paulinenstr.15 65189 Wiesbaden Germany Phone: +49 (0)611 348 - 0 Fax: +49 (0)611 348 - 2332 E-mail: aareal@aareal-bank.com Internet: www.aareal-bank.com ISIN: DE0005408116 WKN: 540811 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Stockholm End of News DGAP News Service ---------------------------------------------------------------------------

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