VIVACON AG acquires further 967 residential 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 further 967 residential and commercial units through several off-market acquisitions structured through subsidiary companies. The units are located in North Rhine-Westphalia, Northern Germany and Hessen with a total rentable area of approximately 62,600 sqm. The occupancy rate is above 98%.
The management reiterates its communicated full-year guidance of a net income of EUR 54-58m.
end of announcement euro adhoc
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: SDAX, CDAX, Classic All Share, Prime All Share
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