euro adhoc: Vivacon AG
other
VIVACON AG sells 5,236 apartments for over EUR
200 mn
20.12.2005 – 08:05
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
20.12.2005
Ad-hoc Announcement according § 15 WpHG
VIVACON AG sells 5,236 apartments for over EUR 200 mn
Cologne, December 20th 2005. VIVACON AG (ISIN 0006048911) has today agreed to sell a substantial residential portfolio to an international institutional investor, representing the single largest transaction in its corporate history. The transaction will be consummated through a transfer of shares in the subsidiary Vivacon Rheinruhr Portfolio I GmbH & Co. KG.
The Portfolio comprises a total of 5,236 residential units in the Rhein-Ruhr area with a living area of approx. 321,000 sqm. The sale is under freehold terms. The total transaction volume amounts to over EUR 200 mn.
end of announcement euro adhoc 20.12.2005 07:30:00
Further inquiry note:
Michael Schroeder
+49 (0) 221 93761-256
michael.schroeder@vivacon.de
Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: CDAX, SDAX, Prime All Share, Classic All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade
Bayerische Börse / official dealing