Corporate | 23 October 2009 06:20
CR Capital Real Estate AG / Miscellaneous 23.10.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- On 22 October 2009, CR Capital Real Estate AG sold one of their Berlin-Grunewald city villas to the central bank of an African state. Selling price was corresponding with a multiplier of 23 with annual net cold rent. The contracting parties declared to keep silence to the precise selling price. CEO Thomas Ehrich feels very comfortable about the transaction: 'Looking at the multiplier of 23, again we achieved an above average sales price - this within a difficult market situation.'. CR Capital Real Estate AG intends, to re-invest sales revenue next months into property acquisitions. About CR Capital Real Estate AG CR Capital Real Estate AG is a Berlin based property company and owns the pre-REIT status. Major target is the REIT status with an investment focus on residential properties. Strategy is maximization of the residential quota (today 45%) and long-term property management. In case of market opportunities and under yield aspects, also investments in commercial properties at locations with strong growth potentials (for example airport area Schönefeld/Waltersdorf) will be done. Contact: bonnIR Hubert Bonn Phone: +49 (0)6157 9861190 bonn@bonn-ir.com http://www.bonn-ir.com 23.10.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------------