Vivacon AG

euro adhoc: Vivacon AG
VIVACON AG acquires an ensemble of listed buildings in Fürth

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Ad-hoc Announcement according to § 15 WpHG

VIVACON AG acquires an ensemble of listed buildings in Fürth

Cologne, April 27th 2005. VIVACON AG (ISIN DE0006048911) has acquired the historic building of a plaything factory in Fürth from the ‘ISG Immobilien Service GmbH u. Co. für Wohn und Geschäftsraum’.

Following the almost complete sale of the apartments in the Villa St. Gertraud in Berlin and the "Arkadien" in Wesel with a total sales volume of EUR 30 million, the landmark ensemble represents the next project of VIVACON AG.

The landmark ensemble is situated in the center of Fürth, a few steps away from the city park. In a park-like setting with a surface of 4,300 sqm, VIVACON AG will create 75 condominiums with a total living area of 5,300 sqm as well as 37 parking lots. The total sales volume is currently estimated at approximately EUR 10.5 million. The replanning into condominiums has already been completed and selling and marketing will commence at the end of this month according to the usual business model of VIVACON AG in ground lease property. The acquisition price is in the low single-digit million area.

end of announcement                                euro adhoc 27.04.2005 07:11:00

Further inquiry note: Lars Schriewer Tel.: +49 (0) 221 93761 26 E-Mail:

Branche: Real Estate
ISIN:      DE0006048911
WKN:        604891
Index:    General Standard, CDAX, SDAX
Börsen:  Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / official dealing

Weitere Meldungen: Vivacon AG

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