Corporate | 1 October 2008 11:33
CR Capital Real Estate AG / IPO 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. ---------------------------------------------------------------------- Listing in the Open Market of Frankfurt Stock Exchange Investments in High-Grade Real Estates in Greater Berlin Listing in the Open Market Berlin, October 1, 2008: CR Capital Real Estate AG announces its listing in the Open Market of the Frankfurt Stock Exchange today. A total of 15 million shares of CR Capital Real Estate AG with a share capital of EUR 1.00 were listed. The first price was fixed at EUR 1.05. The corresponding market capitalization was close to EUR 15.75 million. The listing was attended by Close Brothers Seydler AG. Investments in High-Grade Real Properties in Greater Berlin: Preserving Tradition & Creating New Values The business model of CR Capital Real Estate AG essentially comprises the purchase, refurbishment and modernization as well as the subsequent resale of high-grade real estates (both for residential and commercial purposes) in Greater Berlin. Thanks to the experience we have gained from approx. 3,000 flat modernizations and renovation projects of old buildings, new values can be created with development activities. At the same time we also preserve existing traditions of historical buildings. Moreover, scalable rental income is generated by properties included in the portfolio. In the medium term, CR Capital Real Estate seeks to acquire the REIT status. Comparable European Capitals with Higher Real Estate Price Level 'Our detailed knowledge of the market together with our successful track record of long years of modernization as well as refurbishment of properties enables to assess sustainable value. The rental and purchase prices of properties in top locations in Greater Berlin were lower than the real estate price level of other European cities. We anticipate price rises especially in the real estate up-market of Berlin', states Niklas Helmreich, Executive Board member of CR Capital Real Estate AG. Executive Board About CR Capital Real Estate AG: The business model of CR Capital Real Estate AG includes the whole value chain of real estate: purchase, refurbishment, modernization and redevelopment as well as the subsequent resale of high-grade real properties (both for residential and commercial purposes) in Greater Berlin. Thanks to our market-know-how gained during long years of modernization and redevelopment as well as our wealth of experience due to approx. 3,000 flat modernization projects, new values can be created by development activities. At the same time we also preserve existing traditions of historical buildings leads to our motto: preserving tradition & creating new values. Moreover, scalable rental income is generated by means of the real estates included in the portfolio. CR Capital Real Estate AG has been listed in the Open Market of the Frankfurt Stock Exchange since October 2008. Contact: Company contact: CR Capital Real Estate AG Hubertusallee 73 14193 Berlin www.capital-real-estate-ag.de Phone: 030 / 89 72 72 48 Fax: 030 / 89 72 73 03 info@capital-real-estate-ag.de Investor Relations Contact: GFEI Gesellschaft für Effekteninformationen mbH Carl Bosch Haus Hamburger Allee 26-28 60486 Frankfurt am Main Phone: +49 (0)69 - 743 037 - 00 Fax: +49 (0)69 - 743 037 - 22 www.gfei.de cr-capital-real-estate@gfei.de 01.10.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------