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Vivacon AG

VIVACON AG acquires ground lease cash flows in the amount of c. EUR 2.0m p.a.

Köln (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
real estate
30th June 2008. As planned, VIVACON AG (ISIN
DE0006048911) has acquired ground lease cash flows through a number 
of portfolio transactions. The total initial annual ground leases 
amount to approximately EUR 2.0m. The ground leases are 100% 
inflation-hedged, are secured by first ranking land registry charges 
and have a maturity between 99 to 198 years. The majority of these 
ground lease properties will be recognized in the balance sheet as 
per the second quarter of 2008.
The amount of annual ground leases increases to approximately EUR 
16.2m following these transactions. The company is in various 
negotiations about the direct acquisition of further ground lease 
cash flows. Vivacon expects a total acquisition volume of annual 
ground lease cash flows of up to EUR 10m in the current business year
as well as a significant earnings contribution from this business 
activity. Moreover, the refinancing of ground leases which have 
previously not yet been securitized is currently in the 
implementation phase.
The management confirms its communicated full-year guidance of a 
group net income in the amount of c. EUR 60m.
end of announcement                               euro adhoc

Further inquiry note:

Sven Annutsch
Leiter Investor Relations & Corporate Finance
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: SDAX, CDAX, Classic All Share, Prime All Share, DAX
International 100
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / regulated dealing

Plus de actualités: Vivacon AG
Plus de actualités: Vivacon AG