euro adhoc: ECO Business-Immobilien AG / other / Signa Holding and ECO Business-Immobilien AG enter into a partnership with BAWAG property portfolio (E)

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
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27.12.2007

Signa Holding and ECO Business-Immobilien AG enter into a partnership with BAWAG
property portfolio

Vienna, 27 December 2007. Signa Holding GmbH, a specialist in professional
property development, and ECO Business-Immobilien AG, listed in the Prime Market
segment of the Vienna Stock Exchange, have entered into a strategic partnership
to develop the BAWAG property portfolio. As part of this cooperation, ECO will
take a stake in a hold portfolio with properties worth about EUR 200-250 million
in the form of a 50:50 joint venture. With regard to properties that are
intended to be sold on again within the scope of medium-term trading activities,
ECO's share in this trading portfolio will be 60 % and Signa Holding will have a
40 % stake.

Together, ECO and Signa will develop the 16 high-quality, former BAWAG
properties worth around EUR 450 million and representing a total floor space of
about 130,000 m² to increase their yield. The partnership with René Benkos Signa
Holding means that know-how can be pooled and potential synergies exploited when
the properties are upgraded. Thanks to this transaction, ECO will expand its
property portfolio to roughly EUR 1.2 bn.

ECO will assume its stake on acquisition costs. ECO will finance one third of
the transaction by equity capital; the other two thirds will be covered by
borrowed capital.

Further inquiry note:
ECO Business-Immobilien AG,
Friedrich Scheck, CEO,
Tel: +43 1 535 21 99,
E-mail: [email protected]

Hochegger|Financials,
Roland Mayrl,
Tel: +43 1 504 69 87- 31,
E-mail: [email protected]

end of announcement euro adhoc
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emitter: ECO Business-Immobilien AG
Albertgasse 35
A-1080 Wien
phone: 535 21 99
FAX: 535 21 99-99
mail: [email protected]
WWW: www.eco-immo.at
sector: Real Estate
ISIN: AT0000617907
indexes: Prime.market
stockmarkets: Regulated free trade: Wiener Börse AG
language: English

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