Bilfinger Berger Logo

Bilfinger BergerPress Releases 2007

Bilfinger Berger selling operational real-estate properties in Germany

December 18, 2007

Bilfinger Berger selling operational real-estate properties in Germany:

· Cash inflow for further strategic development of the Group
· Tax advantages from the sale to a real-estate investment trust

Bilfinger Berger is selling thirteen office properties in Berlin, Dresden, Frankfurt, Hamburg, Mannheim, Stuttgart and Wiesbaden which are, for the most part, being used by the Company itself. The buyer is Alstria Office-REIT AG and the transaction volume is €111 million. With this sale, Bilfinger Berger reduces operating assets and frees up additional funds for the strategic development of the Company. The disposal, which is to take effect in 2008, will have no significant impact on net profit. The fact that the buyer is a real-estate investment trust (REIT) provides Bilfinger Berger with certain tax advantages.

The Group will continue to use the properties that are being sold. The rental contracts have terms of five or ten years and include an extension option for Bilfinger Berger. The buildings will continue to be operated by the Group's Facility Services units.