Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

23.09.2005

Ad-hoc announcement according to § 15 WpHG

VIVACON AG acquires portfolio of 2,025 residential units

Cologne, September 23rd 2005. VIVACON AG (ISIN 000604 8911) has today
acquired a portfolio of 2,025 residential units from Grundrendite
Liegenschaften & Co. Wohnbauten KG via its subsidiary MAPLE LEAF
GERMANY ONE GmbH & Co. KG. The portfolio consists of 265 buildings in
Cologne, Oberhausen, Essen, Duisburg, Düsseldorf,Saarbrücken, Bonn
and Hamburg. The total living area comprises approx. 110,100 sqm.

end of announcement                               euro adhoc 23.09.2005 15:43:08

Further inquiry note:

Lars Schriewer
Direktor Investor Relations
Tel.: +49 (0) 221 93761 0
E-Mail: lars.schriewer@vivacon.de

Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: CDAX, SDAX, Prime Standard, Prime All Share, Classic All
Share
Börsen: Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade
Frankfurter Wertpapierbörse / official dealing
Bayerische Börse / official dealing