Vivacon AG

euro adhoc: Vivacon AG
VIVACON AG sells a further EUR 180m residential portfolio consisting of 5,133 units

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@


Cologne, 29th November 2006. VIVACON AG (ISIN 000604 8911) has today sold a substantial residential property portfolio to an international institutional investor. The number of residential units sold amount to 5,133 with a total area of c. 305,700 sqm. The units are located predominantly in Northern Germany as well as in North Rhine-Westphalia.

The transaction volume amounts to approximately EUR 180m. VIVACON AG will generate initial annual ground rents of some EUR 1.04m from this transaction. The ground lease contracts have an initial maturity of 198 years. The transaction take the form of a sale of shares in special purpose vehicles. The closing of this transaction is still subject to the investor's superviory board and antitrust commission approval.

Vivacon AG reiterates its full year guidance of EUR 38m net income for 2006.

@@start.t2@@end of announcement                                                 euro adhoc 29.11.2006 17:24:06

ots Originaltext: Vivacon AG
Im Internet recherchierbar:

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

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

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

Das könnte Sie auch interessieren: