Press Release Real I.S. acquires LE FLUX office building in Düsseldorf from PANDION and Competo Fully let new building in top city centre location Munich/Cologne/Düsseldorf, October 8, 2018 – Real I.S. AG has bought the LE FLUX office building in Düsseldorf’s Toulouser Allee for its real estate special AIF BGV VI fund. The sellers of the fully let core property are PANDION AG and its joint venture partner Competo Capital Partners GmbH. LE FLUX consists of two office buildings connected with each other over four floors. LE FLUX offers an overall rental area of approximately 9,000 sq m distributed on seven storeys above ground and two below. The property was designed by the eminent HPP architect’s office and completed in 2017. “Düsseldorf ranks among the Top 5’s most sought after office locations in Germany. The newly created district is one of the city’s most desirable locations. With the sustainable building concept, combined with the tenant mix, the LE FLUX core property suits our portfolio perfectly,” says Axel Schulz, Global Head of Investment Management at Real I.S. AG. The contemporary office building with its 125 parking spaces is part of the newly created “Le Quartier Central” on the site of a former freight depot covering an area of around 360,000 sq m. The office building complies with the highest standards and has been awarded the DGNB Gold sustainability certificate. A total of eleven tenants in the property include in particular the dermatological pharmaceutical company Galderma, the full service digital agency Valtech, as well as Audicon, a leading software provider for solutions focused on audit, risk and compliance. “We are delighted that we were able to supplement the property portfolio of Real I.S. AG by adding LE FLUX in Düsseldorf’s new Le Quartier Central office location,” says Reinhold Knodel, member of PANDION AG’s management board. PANDION AG and its joint venture partner Competo were supported by Jones Lang LaSalle during the transaction. About the Real I.S. Group The Real I.S. Group has a track record of more than 25 years as BayernLB’s fund provider specialised in real estate investment. As a member company of the Sparkassen-Finanzgruppe (group of German savings banks, Landesbanken and associated companies), the Group ranks among the leading asset managers in the German market. Along with Alternative Investment Funds (special AIFs and closed- end mutual AIFs), the range of products and services comprises customised fund solutions, club deals and joint ventures. The company has assets of over EUR 8 billion under management. The Real I.S. Group has two licensed investment management companies (KVGs) established under the German Investment Code (KAGB) and operates subsidiaries and branches in France, Luxembourg, Spain, the Netherlands and Australia. More information is available on the company's website at www.realisag.de. About PANDION AG PANDION AG has its registered offices in Cologne and has been involved in the development, realisation and sale of high-class freehold apartments since 2002. The owner-managed real-estate company develops properties at its headquarters as well as in Bonn, Düsseldorf, Mainz, Munich and Berlin. The company has been constantly extending its commitment in the commercial sector since 2014. All in all, PANDION is planning and building around 4,000 top-class apartments throughout Germany as well as four larger commercial properties with a total sales volume of approximately €2.3 billion euros, €1.66 billion of which in the residential segment. PANDION AG currently employs a total of around 130 people at its locations in Cologne, Munich and Berlin. About Competo Capital Partners GmbH Competo Capital Partners GmbH is an owner-operated and independent investment and asset management company. Its core competences are focused on custom-tailored investments in German real estate developments with equity and mezzanine capital as well as long-term investments in existing stock. In these activities, Competo provides support for a small and select number of institutional investors which originate virtually exclusively from the group of foundations and family offices. Competo Capital Partners provides equity and mezzanine capital for cherry-picked real estate development projects of experienced developers in Germany in the office, residential, logistics and retail segments. On average, the investment portfolio comprises around 15 equity investments with an investment value of around €800 million, as well as approximately 10 mezzanine investments with an investment volume of around €600 million, the sum total of which therefore amounts to €1.4 billion. In the segment of existing stock, Competo, in its role as an investment and asset manager, currently manages a portfolio of 12 office properties with an investment volume of around €800 million in the locations of Munich, Hamburg, Düsseldorf, Stuttgart and Ulm. All in all, Competo therefore has real estate with investment volume of €2.2 billion under management. Contacts: Real I.S. AG Innere Wiener Straße 17 81667 Munich Germany Markus Lang Tel.: +49 (0)89 489082- 220 Fax: +49 (0)89 489082- 295 email: [email protected] Birgit Lehmann-Schraut Tel.: +49 (0)89 489082- 226 Fax: +49 (0)89 489082- 295 email: [email protected] PANDION AG Rahel Camps Corporate Communication Im Mediapark 8, 50670 Cologne Tel. +49 (0) 221/71600-221 email: [email protected] Homepage: www.pandion.de .