The management team OF POLARES Real Estate Asset Management GmbH led by Michael Amann and employees of Polares agreed to acquire POLARES Real Estate Asset Management GmbH from TAG Immobilien AG. (DB:TEG) and Colonia Real Estate AG (DB:KBU) in a management buy-out transaction on August 28, 2012. On completion, Michael Amann, the Managing Director will have majority stake. Daniel Kapp will also be included in the management board. The Supervisory Boards of both TAG Immobilien and Colonia Real Estate approved the transaction. The transaction is expected to close on October 1, 2012.

The management team OF POLARES Real Estate Asset Management GmbH led by Michael Amann and employees of Polares completed the acquisition of POLARES Real Estate Asset Management GmbH from TAG Immobilien AG. (DB:TEG) and Colonia Real Estate AG (DB:KBU) in a management buy-out transaction in October 2012.