DGAP-News: Versicherungskammer Group takes up a stake of approx. 10 per cent in Domicil Real Estate AG

PRESS RELEASE

Versicherungskammer Group takes up a stake of approx. 10 per cent in Domicil Real Estate AG

- Strategic cooperation for acquisition and financing of residential real estate

- Responsible investment for more living space in major cities

Munich, 23 February 2021 - In the framework of a capital increase the insurance group Versicherungskammer has taken up a stake comprising 9.76 per cent of the shares in the property and investment company Domicil Real Estate AG. A cooperation agreement was concluded in the framework of the shareholding; this foresees collaboration in the acquisition of residential real estate for the insurer. At the same time Domicil is given the opportunity to finance new acquisitions through the insurer.

"The participation by Germany's largest public insurer in our company shows that we have established an excellent reputation within the industry and among investors. Residential real estate is becoming increasingly important as a safe investment for institutional investors, and not least of all as a result of the coronavirus crisis. Thus, specialist real estate companies are increasingly of interest for investors. Thanks to our many years of expertise in the marketing of existing properties as a capital investment we have been able to generate a regular cash flow in addition to rental income," explains Khaled Kaissar, the CEO of Domicil, adding: "With the capital increase by Versicherungskammer Group we are reinforcing the sustainability of our strong growth path in recent years and can continue to pursue further growth."

"Affordable living space in Germany's major cities has become a perennial issue unfortunately. As a regional insurer, Versicherungskammer Group bears responsibility towards society for ensuring more living space and quality of life with its investments," explains Isabella Pfaller, the Chief Financial Officer of Versicherungskammer Group. In order to underline this responsibility, by signing the Principles for Responsible Investments (PRI) at the end of 2019 the insurer undertook to act in line with ESG criteria (environment, social, governance) when reaching investment decisions.

"At the same time, as a long-term investor it is important for us to attain sustainable returns. We are looking forward to the cooperation, and above all in the financing and acquisition of residential real estate for our capital investment," adds Pfaller.

Versicherungskammer Group is one of the largest property owners in Munich and rents out its apartments on the public market. Furthermore, the insurer owns commercial real estate in Bavaria and throughout Germany. Further information is to be found here.

About Domicil Real Estate AG

Domicil Real Estate Group is a investment and real estate service provider with its registered office in Munich. Its core business is the purchase and sale of residential real estate throughout the whole of Germany. The focus is placed on the acquisition of mid-size to large portfolios of apartments and the prompt resale to tenants, owner-occupiers and investors. This can encompass individual apartments as well as entire properties and portfolios. Furthermore, Domicil makes its competence available to institutional clients across all areas of the value-added chain - from the purchase, through the portfolio and asset management, to the subsequent exit. Additional information can be found at www.domicil-group.de

Press contact

Elisabeth Knöpfle

Head of Marketing & PR

Phone: +49 89 411 115 765

E-Mail: [email protected]

About Versicherungskammer Group

With consolidated GPW of €9,25 billion in 2020 (self-contracted business, preliminary), Konzern Versicherungskammer is Germany's largest public-law insurer. The group ranks beyond the Top Ten primary insurance groups in Germany, with dominant positions in its local regions. It operates via primary insurers in the regions of Bavaria, Rhineland-Palatinate, Saarland and Berlin-Brandenburg. In the health business the group operates throughout Germany. The group gives social commitment a great importance. The strategy focuses on sustainability and the support of voluntary institutions and initiatives and has been strengthened for several years by the two foundations, the Versicherungskammer-Stiftung and the Versicherungskammer-Kulturstiftung. In addition, the Group has been awarded as a family-friendly company for the third time. It has around 6,900 employees, of whom approximately 270 are trainees. Additional information can be found at www.vkb.de.

Press contact

Isabella Kratzer

Corporate Communications Konzern Versicherungskammer

Phone: +49 89 2160 4194

E-Mail: [email protected]