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InCity Immobilien AG

InCity Immobilien AG and Primus Immobilien AG realise joint project in top Berlin location

Cologne (euro adhoc) -

- Building of 35 new residential units directly on the 
Winterfeldtplatz in Berlin-Schöneberg
 - Overall sales volume of 
around 13.5 million EUR
 - Sales expected to begin in October 2008, 
completion planned for mid 2010
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
real estate
9 September 2008 - InCity Immobilien AG, a
group of companies specialised in the planning and realisation of 
high-quality properties in central urban locations, has acquired real
estate in an attractive location in Berlin-Schöneberg together with 
its Berlin Partner, Primus Immobilien AG. The companies are planning 
to erect three new buildings with a total of 35 residential units as 
well as parking spaces on the undeveloped real estate at 
Winterfeldtstrasse 61-63, directly on the Winterfeldtplatz. Planning 
permission for the envisaged three buildings, each with seven 
storeys, has already been granted. Following completion, which is 
planned for mid 2010, the object will comprise total useful floor 
space of nearly 3,900 sqm with an overall sales volume of around 13.5
million EUR.
"We have obtained this project in one of Berlin's top locations 
together with our Berlin Partner. Situated directly on the popular 
Winterfeldtplatz and with excellent shopping facilities as well as 
numerous cafes and restaurants in the immediate vicinity, we shall 
create exclusive and high-value residential space here for discerning
self-users and investors", explains InCity Managing Board member 
Klaus Prokop.
Franz-Josef Marxen, member of the Managing Board of Primus Immobilien
AG: We are looking forward to realising this highly attractive 
project at a top Berlin inner-city location together with InCity 
Immobilien AG. We wish to start sales next month. We have already 
successfully carried out numerous projects together with InCity in 
the past."
About InCity Immobilien AG: InCity Immobilien AG specialises in the 
planning and realisation of high-quality property in central urban 
locations and enriches the residential spectrum by the "lifestyle" 
aspect for a clientele with a high purchasing power. InCity pools the
experience accumulated through over 200 high-quality old building 
redevelopment and new building projects for discerning self-users and
investors. The company creates exclusive, high-value residential 
space tailored to customers' wishes in top locations of German 
metropolitan areas. With the focus on the regions Cologne/Bonn, 
Berlin and Weimar/Erfurt as well as Rhine-Main, InCity caters to the 
rapidly rising demand from highly solvent target groups for urban 
quality of life in the city centres of German growth regions. For 
more information: www.incity.ag
end of announcement                               euro adhoc

Further inquiry note:

InCity Immobilien AG
André Peto
Phone: +49 (0) 221 95 27 57 55
a.peto@incity.ag

Investor Relations
Dariusch Manssuri
Phone: +49 (0) 221 91 40 970
dariusch.manssuri@ir-on.com

Branche: Real Estate
ISIN: DE000A0HNF96
WKN: A0HNF9
Börsen: Börse Frankfurt / free trade/entry standard
Börse Berlin / free trade

Plus de actualités: InCity Immobilien AG
Plus de actualités: InCity Immobilien AG
  • 03.09.2008 – 14:56

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