Vivacon AG

euro adhoc: Vivacon AG
VIVACON AG sells its largest residential portfolio so far, consisting of 5,662 units, for c. EUR 220m

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 11.06.2007 Cologne, 11th June 2007. VIVACON AG (ISIN 000604 8911) has today sold its largest residential property portfolio so far to an international institutional investor. The number of total units sold amounts to 5,662 with a total area of approximately 356,260 sqm. The units are located predominantly in Northern Germany as well as in Berlin, Bavaria and North Rhine-Westphalia. The sale volume amounts to approximately EUR 220m. In addition, VIVACON AG will generate initial annual ground rents of some EUR 0.9m from this transaction. The ground lease contracts have an initial maturity of 198 years. The transaction takes the form of a sale of shares in special purpose vehicles. The closing of this transaction is still subject to cartel authority approval. The properties were acquired predominantly in 2007 in a number of transactions and have been managed and optimised for sale by the asset management team of VIVACON AG. end of announcement euro adhoc 11.06.2007 16:03:31 -------------------------------------------------------------------------------- ots Originaltext: Vivacon AG Im Internet recherchierbar: Further inquiry note: For further information: Lars Schriewer Director Communication Tel: + 49 221 / 1305621 631 Sven Annutsch Head Corporate Finance Tel: + 49 221 / 1305621 630 Vivacon AG Bayenthalgürtel 4 50968 Köln Fax: + 49 221 / 1305621 950 Branche: Real Estate ISIN: DE0006048911 WKN: 604891 Index: CDAX, SDAX, Prime All Share, Classic All Share Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard Börse Berlin-Bremen / free trade Hamburger Wertpapierbörse / free trade Baden-Württembergische Wertpapierbörse / free trade Börse Düsseldorf / free trade Bayerische Börse / official dealing

Das könnte Sie auch interessieren: