Corporate | 5 September 2007 08:32
ESTAVIS AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Berlin, September 5, 2007 – ESTAVIS AG (ISIN: DE000A0KFKB3) has secured a
further EUR 45 million of residential and commercial properties to date in
the quarter to 30 September 2007. This will enhance the company’s ability
to sell further portfolios to institutional investors and follows the sale
of two portfolios to institutional investors in June 2007 for approximately
EUR 84 million.
The properties were acquired throughout Germany and comprise approximately
650 units with a total area of approximately 75,000 square meters.
'With the proceeds of the IPO earlier this year, we have intensified our
acquisition activities in the German real estate market', said Rainer
Schorr, CEO of ESTAVIS AG. 'This allows us to structure considerably larger
portfolios in a shorter time frame and accelerate our growth prospects.'
The financial statements for the year ended 30 June 2007 will be published
on 28 September 2007. The interim report for the first quarter ending 30
September 2008 will be published on 16 November 2007.
About ESTAVIS AG
ESTAVIS AG (ISIN: DE000A0KFKB3) serves as leading German market maker
between private sellers of individual properties and the institutional real
estate market. The company's portfolio trading operations involve the
assessment and purchase of individual properties throughout Germany, their
inclusion in on-demand structured portfolios and the subsequent sale to
international institutional investors.
ESTAVIS acquires its properties through a broad network, including more
than 200 experienced brokers. By acquiring a majority stake in the
Hamburgische Immobilien Invest SUCV AG / CWI Group, ESTAVIS has increased
its access to property acquisitions and has expanded its services in the
field of residential property privatisation.
ESTAVIS AG shares were successfully listed on the Prime Standard of the
Frankfurt Stock Exchange on April 2, 2007. The company grossed Euro 56
million which will be used for the expansion of its business activities.
Contact:
ESTAVIS AG - Peter Vogt - Investor & Public Relations - Tel: + 49 30 887
181 799 - E-Mail: ir@estavis.de
05.09.2007 Financial News transmitted by DGAP
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Language: English
Issuer: ESTAVIS AG
Uhlandstr. 165
10719 Berlin
Deutschland
Phone: +49 (0)30 - 887 181 - 0
Fax: +49 (0)30 - 887 181 - 11
E-mail: info@estavis.de
Internet: http://www.estavis.de
ISIN: DE000A0KFKB3
WKN: A0KFKB
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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