EANS-Adhoc: S IMMO AG
S IMMO intends to sell part of its German residential
portfolio
03.06.2016 – 17:14
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Strategic management decisions 03.06.2016 S IMMO intends to sell part of its German residential portfolio The Management Board and Supervisory Board of S IMMO AG have today decided in principle to sell part of the German residential portfolio of S IMMO Group by means of a structured sales process with a selected group of prospective purchasers. The portfolio intended to be sold consists of properties in Berlin and Hamburg with approximately 1,500 units, accounting for slightly more than 20% of S IMMO's portfolio in Germany. The company expects a positive contribution to earnings as a result of the intended sale. Further inquiry note: Investor Relations: Andreas J. Feuerstein Tel.: +43(0)50 100-27556 Fax: +43(0)50 100 9-27556 E-Mail: andreas.feuerstein@simmoag.at www.simmoag.at Corporate Communications: Elisabeth Wagerer Tel.: +43(0)50 100-27867 Fax: +43(0)50 100 9-27867 E-Mail: Elisabeth.Wagerer@simmoag.at www.simmoag.at end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: S IMMO AG Friedrichstraße 10 A-1010 Wien phone: +43(0)50100-27550 FAX: +43(0)050100-927559 mail: office@simmoag.at WWW: www.simmoag.at sector: Real Estate ISIN: AT0000652250 indexes: ATX Prime, IATX stockmarkets: official market: Wien language: English