Vivacon AG

euro adhoc: Vivacon AG
VIVACON AG sells two residential portfolios consisting of 5,046 units in total

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Ad-hoc announcement according to § 15 WpHG

VIVACON AG sells two residential portfolios consisting of 5,046 units in total

Cologne, 29th September 2006. VIVACON AG (ISIN 000604 8911) has today sold two substantial residential property portfolios in individual transactions to two international Institutional Investors. Total units sold amount to 5,046 with a total area of approximately 272,000 sqm. Of the total, 2,256 units are located in Western Germany predominantly in North Rhine-Westphalia and 2,790 units are located in Saxony-Anhalt.

Transaction volume amounts to approximately EUR 210m. VIVACON AG will generate initial annual ground rents of some EUR 1.36m from this transaction. The ground lease contracts have a lifetime of 198 years. The transactions take the form of the sale of shares in special purpose vehicles. The disposal is partly subject to antitrust approval.

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ots Originaltext: Vivacon AG
Im Internet recherchierbar:

Further inquiry note:
Sven Annutsch
Head Corporate Finance
Tel: + 49 221 / 1305621 630

Lars Schriewer
Director Communication
Tel: + 49 221 / 1305621 631

Vivacon AG
Bayenthalgürtel 4
50968 Köln
Fax: + 49 221 / 1305621 950

Branche: Real Estate
ISIN:      DE0006048911
WKN:        604891
Index:    CDAX, SDAX, Prime All Share, Classic All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / official dealing

Weitere Meldungen: Vivacon AG

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