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02.07.2009 – 16:00

InCity Immobilien AG

EANS-News: InCity Immobilien AG expands Managing Board

- Friedrich Schwab appointed to the Managing Board - InCity Managing Board member Klaus Prokop also appointed to informica Managing Board - Foundations laid for leveraging further synergies

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.


Cologne (euro adhoc) - 2 July, 2009 - InCity Immobilien AG, which is specialised in planning and realising high-quality properties in central urban locations, has appointed Friedrich Schwab to the Managing Board as CFO effective June 23, 2009. The 55 year-old originally comes from Würzburg and is also the Chairman of the Managing Board of informica real invest AG, in which InCity and a private financial investor took over the majority stake at the beginning of April this year. Friedrich Schwab has held a number of executive positions in the banking industry and real estate sector and can look back on longstanding industry and project experience in funding.

The Managing Board of InCity Immobilien AG is made up of André Peto, responsible for Marketing, Sales and Investor Relations as well as Klaus Prokop who is in charge of Real Estate Purchasing, Project Management, Technology and Quality Management. Klaus Prokop has also been appointed to the Managing Board of informica real invest AG.

InCity Managing Board member André Peto: "By expanding the Managing Board of our company we have laid the foundations for increasing cooperation with informica and quickly leverage synergies. As the business of both companies is highly complementary given their joint concentration on real estate in central urban locations as well as common ground in the regional focus, there is promising potential for synergies."

end of announcement                               euro adhoc

Further inquiry note:

InCity Immobilien AG
André Peto
Phone: +49 (0) 221 95 27 57 55

Investor Relations
Dariusch Manssuri
Phone: +49 (0) 221 91 40 970

Branche: Real Estate
Börsen: Frankfurt / free trade/entry standard
Berlin / free trade

Original content of: InCity Immobilien AG, transmitted by news aktuell

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