VIVACON AG acquires further 1,850 units
Köln (euro adhoc) -
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
real estate
Cologne, 11th September 2007. VIVACON AG (ISIN DE000604 8911) has increased its holdings of residential properties by further 1,850 residential and commercial units through several off-market acquisitions structured through subsidiary companies. The units are primarily located in North Rhine-Westphalia, Lower Saxony, Schleswig Holstein and Bremen with a total rentable area of approximately 118,480 sqm. The occupancy rate is about 95%. Thus, the total number of residential units currently owned by VIVACON AG amounts to some 10,300 units. Another c. 4,400 units are held by the joint venture company WIAG, founded by Vivacon AG and Forum Partners.
end of announcement euro adhoc 11.09.2007 08:35:32
Further inquiry note:
Sven Annutsch
Head Corporate Finance / Investor Relations
Tel: + 49 221 / 1305621 630
Sven.Annutsch@vivacon.de
Vivacon AG
Bayenthalgürtel 4
50968 Köln
Fax: + 49 221 / 1305621 950
http://www.vivacon.de
Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: CDAX, SDAX, Prime All Share, Classic All Share
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / official dealing