EANS-News: GSW Immobilien AG moves up into MDAX
07.09.2011 – 20:36
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information Berlin (euro adhoc) - GSW moves up into MDAX Berlin, 7 September 2011 - Deutsche Börse´s Working Committee for Equity Indices decided on 5 september 2011 to include GSW Immobilien AG in the MDAX as at 19 September 2011. Thomas Zinnöcker, CEO of GSW Immobilien AG, on GSW´s rise into the MDAX: "We are delighted at the rapid rise into the MDAX. This success confirms our work in recent years. It also allows us to continue working on the growth of GSW. As a result of the successful IPO, we currently have the opportunity to make additional acquisitions in the amount of approximately EUR400 million." CFO Andreas Segal adds: "Inclusion in the MDAX is a strategic advantage for us, since it raises GSW´s profile on an international level. In addition, for many globally operating investors and fund managers, membership in the MDAX is a prerequisite for investing in GSW. It also shows that the capital market has rewarded our financial figures for the past quarters as a clear growth story." Deutsche Börse has special requirements for inclusion in the MDAX. Companies must first be listed in the Prime Standard of the Frankfurt Stock Exchange and are then selected on the basis of criteria such as market capitalisation and turnover. In addition, the free float must not be lower than the threshold of 10%. Press contact: GSW Immobilien AG Thomas Rücker Charlottenstraße 4, 10969 Berlin Tel.: +49. (0) 30. 25 34-13 32 Fax: +49. (0) 30. 25 34-19 34 e-mail: thomas.ruecker@gsw.de About GSW Founded in 1924, GSW Immobilien AG is a leading listed real estate company in Berlin with a portfolio of approximately 48,600 residential units and a total residential space of 3.0 million square meters. A subsidiary of GSW also manages approximately 16,500 residential- and commercial units for third parties. GSW's corporate strategy is focused on the long-term rental management of residential property, using a systematic approach intended to enhance both customer satisfaction and operational efficiency. As at December 31, 2010, the Company's property portfolio was valued at approximately 2.6 billion euros. Further inquiry note: René Bergmann Tel.: +49 30 2534 1362 Fax: +49 30 2534 1909 E-Mail: rene.bergmann@gsw.de end of announcement euro adhoc -------------------------------------------------------------------------------- company: GSW Immobilien AG Charlottenstr. 4 D-10969 Berlin phone: +49 30 68 99 99 0 FAX: +49 30 68 99 99 999 mail: kundenservice@gsw.de WWW: http://www.gsw.de sector: Real Estate ISIN: DE000GSW1111 indexes: SDAX stockmarkets: regulated dealing/prime standard: Frankfurt, regulated dealing: Berlin language: English