euro adhoc: ALTA FIDES Aktiengesellschaft für Grundvermögen / other / Alta Fides AG with major investment in the heart of Leipzig . Acquisition of Telekom property on Augustusplatz . Investme

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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07.06.2007

Stuttgart, 7 June 2007. Alta Fides AG, Stuttgart, has now laid the
foundation for the biggest investment project in its corporate
history so far and, hence, it has established the basis for further
vigorous growth. To that end, the company which focuses on the
development and restoration of high-quality residential real estate
has acquired the last big property on Augustusplatz in the city
centre of Leipzig from Deutsche Telekom AG. The parties to the
contract have agreed to maintain secrecy with regard to the purchase
price. The planned volume of the investments in the premises amounts
to approx. EUR 105 million.

The real estate property acquired, which is located on the premises
of the former main post office, has a comprehensive listed building
substance. In addition to the restoration of approx. 27,000 sqm, the
implementation of an innovative housing concept with approx. 200
units for students and part-time managers is planned for the rear
part of the overall premises which has not been developed so far. A
total area of approx. 38,000 sqm will be created in the course of
the revitalisation and the planned development.

With this transaction, Alta Fides AG consistently continues its
strategic investments in listed real estate properties. Until the end
of the year, further large-scale investments in residential real
estate properties are planned in various sites in Germany in which
the new and innovative concept for student accommodation is to be
implemented.

The Management Board

If you have further questions, please contact:

ALTA FIDES AG
Norbert Ketterer
Phone: +49 (0) 341 3552060
Fax: +49 (0) 341 35520699
E-mail: ir@altafides.de
Internet: www.altafides.de

end of announcement euro adhoc 07.06.2007 20:00:00
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ots Originaltext: ALTA FIDES AG für Grundvermögen
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Rainer Fuchs
Vorstand
Tel.: +49 (0)341 35520690
E-Mail: ir@altafides.de

Branche: Real Estate
ISIN: DE000A0B7EZ7
WKN: A0B7EZ
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade


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