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Köln (euro adhoc) - VIVACON AG (ISIN DE000604 8911) has increased its holdings
of residential properties by a further 1,555 residential and commercial units
through several off-market acquisitions structured through subsidiary companies.
The units are primarily located in North Rhine-Westphalia, Northern Germany,
Bavaria and Saarland with a total rentable area of approximately 102,400 sqm.
The occupancy rate is about 94%.
Following a large portfolio disposal beginning of this week, the total number of
residential units currently owned by VIVACON AG already amounts to some 6,900
units. A majority of the units are currently prepared for a sale in 2008 by the
inhouse asset management team of the company. Another c. 4,400 units are held by
the joint venture company WIAG, founded by Vivacon AG and Forum Partners.
VIVACON AG sees attractive business opportunities in the current market
environment and plans further residential portfolio transactions in the near
future. Management reiterates its previously announced full-year guidance of a
net income in the amount of EUR 54-58m and expects a further growth of net
income in the coming year as well as an increase in dividend in comparison to
the previous year.
Further inquiry note:
Sven Annutsch
Head Corporate Finance / Investor Relations
Tel: + 49 221 / 1305621 630
Sven.Annutsch@vivacon.de
end of announcement euro adhoc 07.12.2007 08:19:12
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emitter: Vivacon AG
Bayenthalgürtel 4
D-50968 Köln
phone: +49 (0)221 1305621-782
FAX: +49 (0)221 1305621-952
mail: ir@vivacon.de
WWW: http://www.vivacon.de
sector: Real Estate
ISIN: DE0006048911
indexes: CDAX, Prime All Share, Classic All Share, SDAX
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf,
regulated dealing: Börse München
language: English
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