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Vivacon AG

VIVACON AG acquires 1,555 units

Köln (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
real estate
VIVACON AG (ISIN DE000604 8911) has increased its
holdings of residential properties by a further 1,555 residential and
commercial units through several off-market acquisitions structured 
through subsidiary companies. The units are primarily located in 
North Rhine-Westphalia, Northern Germany, Bavaria and Saarland with a
total rentable area of approximately 102,400 sqm. The occupancy rate 
is about 94%.
Following a large portfolio disposal beginning of this week, the 
total number of residential units currently owned by VIVACON AG 
already amounts to some 6,900 units. A majority of the units are 
currently prepared for a sale in 2008 by the inhouse asset management
team of the company. Another c. 4,400 units are held by the joint 
venture company WIAG, founded by Vivacon AG and Forum Partners.
VIVACON AG sees attractive business opportunities in the current 
market environment and plans further residential portfolio 
transactions in the near future. Management reiterates its previously
announced full-year guidance of a net income in the amount of EUR 
54-58m and expects a further growth of net income in the coming year 
as well as an increase in dividend in comparison to the previous 
year.
end of announcement                               euro adhoc 07.12.2007 08:19:12

Further inquiry note:

Sven Annutsch
Head Corporate Finance / Investor Relations
Tel: + 49 221 / 1305621 630
Sven.Annutsch@vivacon.de

Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: CDAX, Prime All Share, Classic All Share, SDAX
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / regulated dealing

Plus de actualités: Vivacon AG
Plus de actualités: Vivacon AG