Vivacon AG

VIVACON AG acquires its largest residential real estate portfolio so far

- 6,812 units in Western Germany - Total residential units owned in the first quarter correspond to almost 90% of the total units sold in 2006

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real estate/Others

Köln (euro adhoc) - Cologne, 30th March 2007. VIVACON AG (ISIN 000604 8911) has acquired through its subsidiaries in various transactions a substantial residential real-estate portfolio consisting of 6,812 units in total. This includes the largest acquisition of residential units in the Company’s history. The units are located in Bremen, Hesse, Lower Saxony, North Rhine-Westphalia and Schleswig-Holstein and have a total rentable area of approximately 411,200 sqm. The occupancy rate is 85%.

The total residential units owned by VIVACON AG currently amount to some 11,100 units. In the first quarter, the Company therefore owns residential units corresponding to almost 90% of the total units sold in 2006. In addition, the Company expects to acquire further substantial residential real-estate portfolios in the near future.

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ots Originaltext: Vivacon AG
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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

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