Mobimo Holding AG

EQS-Adhoc: Mobimo plans to acquire a majority interest in Dual Real Estate Investment SA



EQS Group-Ad-hoc: Mobimo Holding AG / Key word(s): Miscellaneous
Mobimo plans to acquire a majority interest in Dual Real Estate Investment SA

07.10.2015 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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P r e s s   r e l e a s e

Mobimo plans to acquire a majority interest in Dual Real Estate Investment SA
* Mobimo signs a purchase agreement with the major shareholder under which it
will acquire some 73% of the shares in Dual Real Estate Investment SA * Mobimo
is establishing itself in Geneva and expanding its position in French-speaking
Switzerland
Lucerne, 6 October 2015 - Mobimo Holding AG ("Mobimo") signed an agreement with
Dual Holding SA, Fribourg, under which it is acquiring its majority interest of
some 73% in Dual Real Estate Investment SA ("Dual"). With this acquisition,
Mobimo is entering into the Geneva real estate market and thus continuing to
expand its position in French-speaking Switzerland.

Entry into the Geneva real estate market Dual invests successfully in
residential property and in mixed-use properties in the low and medium rental
brackets in the Canton of Geneva. 82% of its rental income comes from
residential use, and its properties have an estimated fair value of CHF 244
million. Dual's strategy focuses on residential property with good scope for
rent increases and on the long-term preservation, management and continuous
maintenance of the properties that it lets. The Geneva real estate market
features a very low new-build rate relative to the demand for new apartments,
which results in a consistently high need for residential property. Dual is
listed on the Bern eXchange.

Expansion of activities in French-speaking Switzerland Mobimo has successfully
established itself in French-speaking Switzerland since its merger with LO
Holding Lausanne-Ouchy S.A. in 2009. The acquisition of this shareholding adds
29 new properties in Geneva to its portfolio.

Purchase will be funded from cash resources The purchase price will be slightly
around CHF 65 million. The closing of the purchase agreement and definitive
fixing of the purchase price will depend on certain regulatory conditions. The
acquisition is being financed from cash holdings. Even after the purchase of the
shareholding, Mobimo's equity ratio will remain above the strategic minimum
threshold of 40%.

For further information, contact:
Christoph Caviezel, Mobimo CEO
Tel: +41 44 397 11 86
E-mail: ir@mobimo.ch

About Mobimo
Mobimo Holding AG was established in Lucerne in 1999 and has been listed on the
SIX Swiss Exchange since 2005. The Mobimo Group has an attractive portfolio mix
of investment properties that provide stable income and development properties
offering extensive value enhancement potential. Investments are made in
promising locations, primarily in the economic areas of Zurich and
Lausanne/Geneva, together with those of Basel, Lucerne/Zug, Aarau and St.
Gallen. With a total property portfolio of around CHF 2.5 billion, Mobimo is one
of the leading real estate companies in Switzerland. The pipeline includes
development properties for the company's own portfolio with an investment volume
of CHF 0.9 billion (as at 30 June 2015). Further information can be found at
www.mobimo.ch.

About Dual Real Estate Investment AG
Dual Real Estate Investment SA (DREI) was established in autumn 2012 and has
been listed on the Bern eXchange since 28 January 2013. Its portfolio comprises
mainly residential properties in the Canton of Geneva. The 29 properties were
bought between 2003 and 2010 and represent an estimated fair value of CHF 244
million (as at 31 December 2014). Further information can be found at
www.dreinvest.ch.

End of ad hoc announcement

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07.10.2015 News transmitted by EQS Schweiz AG. www.eqs.com - news archive:
http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.
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400429  07.10.2015
 

 


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