Vivacon AG

EANS-News: Vivacon AG sold Salamander Areal

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Company Information

Köln (euro adhoc) - Cologne, December 30th 2009. Vivacon AG (ISIN 000604 8911) has sold the Salamander area in Kornwestheim to IMMOVATION Immobilien Handels AG, Kassel. The listed total area covers a gross floor area of approximately 90,000 sqm, which is currently used commercially, and roughly half of the remaining part of the reconstruction is planned for residential purposes. The parties have agreed to be silent about transaction volume. The transaction is an important part in the context of the ongoing restructuring of the Vivacon AG group. The disposal leads not only to a further reduction of bank liabilities but the common drain on liquidity and resources during the construction phase will be also omitted. As part of the restructuring, the company will focus on asset management and the sale of real estate particularly under leasehold conditions.

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ots Originaltext: Vivacon AG
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Further inquiry note:
Michael Schroeder
Telefon: +49 (0)221 1305621-781

Branche: Real Estate
ISIN:      DE0006048911
WKN:        604891
Index:    CDAX
Börsen:  Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / free trade
              Frankfurt / regulated dealing/general standard

Weitere Meldungen: Vivacon AG

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