DGAP-News: Colonia Real Estate AG confirms increased guidance of EUR 67 to 70mn and achieves record earnings 2007 - First time dividend expected for 2007 – Increase of net profit in 2008 expected to be EUR 72 to 75mn

| Source: EQS Group AG EQS Group AG 

Colonia Real Estate AG / Preliminary Results

14.02.2008 

Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Colonia Real Estate AG confirms increased guidance of EUR 67 to 70mn and
achieves record earnings 2007
First time dividend expected for 2007 – Increase of net profit in 2008
expected to be EUR 72 to 75mn

Cologne, 14th of February 2008 – Colonia Real Estate AG (ISIN DE0006338007)
entirely achieved its previously increased earnings target for the full
year 2007 of EUR 67 to 70mn on a preliminary, yet uncertified, figure
basis. The net profit could be more then doubled year-on-year and presents
the so far most successful year in the companies story. The Executive Board
will propose a first time dividend payment for 2007 on the next annual
general meeting. The amount of the dividend proposal will be decided on the
release of the final figures on the 17th of March.

Besides good growth in the asset and fund management, particularly the
investment business on residential apartments was contributing to the
strong earnings increase. Apartments held of CRE AG could be more then
doubled to around 20,000 units. Sustainable increase of the occupancy rate
and the increase of units possessed trippled the rental income in 2007 to
almost EUR 47mn. In the next five years, the company expects through
additional vacancy reduction measures and a optimization of the rents a
repeated significant increase of up to EUR 74mn rental income on the
current portfolio. The revenue in the asset management could be quadrupled
to more then EUR 12mn. Assets under management held were growing from
previous EUR 1,5bn to now more then EUR 3bn.

Colonia Real Estate expects for 2008 a positive business development and an
increase of the net profit to EUR 72 to 75mn. Thereof, two-thirds are
expected to come from rental income, asset and fund management fees and
realized profits from disposals. CRE will actively profit in 2008 from the
consolidation opportunities in the German real estate sector. Together with
its existing joint venture partners, the CRE group sees up to EUR 1bn
equity available for new investments where Colonia  intends to act as asset
manager and co-investor.


Contact:
Christoph D. Kauter
Head of Corporate Finance and Investor Relations

Colonia Real Estate AG
Zeppelinstr. 4-8
50667 Köln

Telefon: +49 (0)221 71 60 71 0
Fax:     +49 (0) 221 71 60 71 99
E-Mail:  ir@cre.ag

PR and Press Contact:
edicto GmbH
Axel Mühlhaus
Tel.: +49 (0) 69 9055055-2
amuehlhaus@edicto.de


DGAP 14.02.2008 
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Language:     English
Issuer:       Colonia Real Estate AG
              Zeppelinstr. 4 - 8
              50667 Köln
              Deutschland
Phone:        +49 221-716071-0
Fax:          +49 221-716071-99
E-mail:       info@cre.ag
Internet:     www.cre.ag
ISIN:         DE0006338007
WKN:          633800
Indices:      SDAX, GPR 250, MSCI Germany Small Cap Index, FTSE EPRA/
              NAREIT, E&G DIMAX
Listed:       Regulierter Markt in Berlin, Frankfurt (Prime Standard),
              Düsseldorf; Freiverkehr in Hamburg, München, Stuttgart
End of News                                     DGAP News-Service
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