euro adhoc: Vivacon AG
other
VIVACON AG sells 5,236 apartments for over EUR
200 mn
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