Vivacon AG

euro adhoc: Vivacon AG
other
VIVACON AG becoming operating partner of a public pension - Over EUR 1 bn investments planned in residential properties in Germany -

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26.07.2005

Ad-hoc Announcement according to § 15 WpHG

VIVACON AG becoming operating partner of a public pension - Over EUR 1 bn investments planned in residential properties in Germany -

Cologne, July 26th 2005. VIVACON AG (ISIN DE0006048911) today has signed an agreement with a North-American public pension fund regarding the acquisition, co-investment and management of residential properties in the German market. Under the framework of this partnership and with equal representation in the investment committee, Vivacon AG will analyse, acquire, manage and resell property portfolios.

While the pension fund will act as the senior equity partner, Vivacon AG will assume a junior equity position in each acquisition and act as the local operating partner. Vivacon AG stands to profit from ongoing management fees on the invested capital as well as from preferred returns on future disposal profits.

It is currently envisaged to jointly invest significantly over EUR 1 bn over the next two to three years within the framework of this partnership. The name of the pension fund will not be disclosed at it’s request.

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ots Originaltext: Vivacon AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Lars Schriewer
Tel.: +49 (0) 221 93761 26
E-Mail: lars.schriewer@vivacon.de

Branche: Real Estate
ISIN:      DE0006048911
WKN:        604891
Börsen:    Berliner Wertpapierbörse
                Hamburger Wertpapierbörse
                Baden-Württembergische Wertpapierbörse
                Frankfurter Wertpapierbörse



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