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30.12.2009 – 11:55

Vivacon AG

EANS-News: Vivacon AG sold Salamander Areal

Köln (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information
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.
end of announcement                               euro adhoc

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 Storys: Vivacon AG
Weitere Storys: Vivacon AG