- 25.03.2008, 16:19:57
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- OTE0011
VIVACON AG sells 489 units with a transaction volume of approximately EUR 26m to WIAG AG
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ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
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Köln (euro adhoc) - Today, VIVACON AG (ISIN 000604 8911) sold a further
residential real estate portfolio to the WIAG Wohnimmobilien AG (WIAG) Joint
Venture. The total portfolio consists of 489 residential and commercial units
with a total living space of 31,800 sqm. The units are located in North
Rhine-Westphalia and Saarland. The transaction is structured in the form of a
sale of shares in special purpose vehicles.
The transaction volume amounts to approximately EUR 26m in total. VIVACON´s
share of the annual ground lease payments is expected to amount to c. 73,000
EUR. Including today´s transaction, the total number of owned units by WIAG AG
amounts to more than 4,800 units.
Further inquiry note:
Sven Annutsch
Head Investor Relations & Corporate Finance
Tel: + 49 221 / 1305621 630
[email protected]
end of announcement euro adhoc
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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: [email protected]
WWW: http://www.vivacon.de
sector: Real Estate
ISIN: DE0006048911
indexes: SDAX, CDAX, Classic All Share, Prime All Share
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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