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VIVACON AG acquires its largest residential real estate portfolio so far
Geschrieben am 30.03.2007 - [Nächster Artikel] |
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- 6,812 units in Western Germany - Total residential units owned in the first quarter correspond to almost 90% of the total units sold in 2006
-------------------------------------------------------------------------------- ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
real estate/Others
Köln (euro adhoc) - Cologne, 30th March 2007. VIVACON AG (ISIN 000604 8911) has acquired through its subsidiaries in various transactions a substantial residential real-estate portfolio consisting of 6,812 units in total. This includes the largest acquisition of residential units in the Companys history. The units are located in Bremen, Hesse, Lower Saxony, North Rhine-Westphalia and Schleswig-Holstein and have a total rentable area of approximately 411,200 sqm. The occupancy rate is 85%.
The total residential units owned by VIVACON AG currently amount to some 11,100 units. In the first quarter, the Company therefore owns residential units corresponding to almost 90% of the total units sold in 2006. In addition, the Company expects to acquire further substantial residential real-estate portfolios in the near future.
end of announcement euro adhoc 30.03.2007 14:06:10 --------------------------------------------------------------------------------
ots Originaltext: Vivacon AG Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note: Lars Schriewer Director Communication Tel: + 49 221 / 1305621 631 Lars.Schriewer@vivacon.de
Sven Annutsch Head Corporate Finance Tel: + 49 221 / 1305621 630 Sven.Annutsch@vivacon.de
Vivacon AG Bayenthalgürtel 4 50968 Köln Fax: + 49 221 / 1305621 950 http://www.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 Börse Berlin-Bremen / free trade Hamburger Wertpapierbörse / free trade Baden-Württembergische Wertpapierbörse / free trade Börse Düsseldorf / free trade Bayerische Börse / official dealing
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