Meinl European Land Limited

euro adhoc: Meinl European Land Limited
Restructuring & Recapitalisations
Meinl European Land Limited - Capital Increase a major success 75 million Euro shopping centre in Russia acquired Property portfolio exceeds 630 million Euro

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22.03.2005

Share capital increased up to 480 million nominal value Meinl European Land, the retail real estate holding company with a focus on Central and Eastern Europe has successfully completed the largest capital increase in the company’s history. Between 3rd and 18th March 2005 42 million new shares with a total value of 560 million Euro were  placed with private and institutional investors. Including the new shares issued, 96 million shares with a total nominal value of 480 million Euro are listed in the First Market Segment on the Vienna Stock Exchange. At the current market price of 13.74 Euro per share the market capitalisation exceeds 1.3 billion Euro. Shopping centre in Ekaterinenburg signed The 560 million Euro of new funds from the capital increase will allow Meinl European Land to intensify its dynamic growth and proceeds will continue to be invested in long-term leased retail real estate projects . Beyond several smaller acquisitions, which have been closed during the recent weeks, the company yesterday signed the contracts for  a 75 million Euro shopping centre in Ekaterinenburg/Russia, an industrial hub with over 1.5 million inhabitants. The project, the only modern shopping centre in Ekaterinenburg, has a total letable area of more than 50,000sqm and the  yield is nearly 14% p.a. The project is long-term leased by the Russian Joint-Venture partner of german based Rewe and major russian retail companies. Total letable area nearly 700,000sqm in 6 Eastern European countries - further attractive pipeline After these latest acquisitions Meinl European Land’s owns 166 retail real estates with a total letable area of nearly 700,000 sqm and an estimated value of more than 630 million Euro in 6 Eastern European countries: the Czech Republic, Hungary, Poland, Romania, Russia and Slovakia. Properties are mostly leased by international retail companies or other well-known local companies and generate a yield from 9% to 14%. Meinl European Land’s project pipeline consists of attractive retail properties with a total value of several hundred million Euro. Some of these projects are already under due diligence.

end of announcement                                euro adhoc 22.03.2005 07:23:20
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Further inquiry note: Pleon Publico Public Relations & Lobbying Mag. Claudia Müller-Stralz Tel.: ++43 (0) 1/717 86 107 mailto:claudia.mueller@pleon-publico.com

Branche: Real Estate
ISIN:      AT0000660659
WKN:        066065
Index:    Standard Market Auction
Börsen:  Wiener Börse AG / official dealing



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