Vivacon AG

euro adhoc: Vivacon AG
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VIVACON AG acquires significant ground lease portfolio in Northrhine-Westphalia

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24.03.2005

Ad-hoc Announcement according to § 15 WpHG

VIVACON AG acquires significant ground lease portfolio in Northrhine-Westphalia

Cologne, March 24th 2005. VIVACON AG (ISIN DE0006048911) has today acquired a major portfolio of ground lease properties from Bast-Bau GmbH & Co. Dienstleiungs KG i.L. The portfolio is made up of approx. 1,500 heritable building rights in Northrhine-Westphalia. The ground lease contracts for these properties have already been established and currently generate ground lease interests of c. EUR 0.7 mn p.a. These ground lease contracts have an average remaining lifetime of c. 160 years.

The transaction is consummated by way of an acquisition of a newly founded special purpose vehicle containing these ground lease properties. The parties agreed to not disclose the transaction volume.

end of announcement                                euro adhoc 24.03.2005 17:35:18
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Further inquiry note: Lars Schriewer Tel.: +49 (0) 221 93761 26 E-Mail: lars.schriewer@vivacon.de

Branche: Real Estate
ISIN:      DE0006048911
WKN:        604891
Index:    General Standard, CDAX, SDAX
Börsen:  Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / official dealing



Weitere Meldungen: Vivacon AG

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