Corporate | 3 November 2008 14:00
MAGNAT Real Estate Opportunities GmbH & Co. KGaA / AGM/EGM
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General annual shareholder meeting of MAGNAT accepted overwhelmingly all
agenda items
Frankfurt am Main, November 3rd 2008 – General annual shareholder meeting
of MAGNAT Real Estate Opportunities GmbH & Co. KGaA (ISIN: DE000A0J3CH0) of
October 30th 2008 accepted overwhelmingly all agenda items. Also the
authorisation of a possible share buyback program has been accepted.
Jan Oliver Rüster, CEO of MAGNAT, says: 'We are very pleased that our
shareholders supporting our strategy with such a majority. As the current
situation of real estate markets is very unpleasant, this support will
motivate the whole management team to work even harder to
reach our strategic goals. '
All voting results of the general annual shareholder meeting are visible at
MAGNAT homepage: www.magnat-reop.com/de/investors
Further information:
About MAGNAT:
MAGNAT is a property company focusing on real estate development in Central
and Eastern European countries. The mission of MAGNAT is to capitalize on
the inefficiencies that are inherent to real estate markets, to the benefit
of its shareholders. In contrast to traditional real estate
investors,MAGNAT's business model is not only based on rental income, but
first and foremost on attractive development returns and a high turnover
rate of its investments (holding period approx. 2-3 years). Returns on
projects are required to exceed industry-standard average rates for
traditional real estate investments.
The management concentrates on real estate markets with specifically
interesting cycles: undervalued markets (anti-cyclical investing) and
markets with strong economic growth (growth markets). Therefore, the main
focus is currently on Central, Eastern and South-Eastern Europe and on
special opportunities also in the 'home markets' Germany and Austria.
Contact
Dominic Köfner, CIRO
Head of Corporate Communications
MAGNAT REAL ESTATE OPPORTUNITIES GmbH & Co. KGaA
Grüneburgweg18
60322 Frankfurt
Phone: +49 (0) 69 719 189 79 36
Email: dominic.koefner@magnat-reop.com
www.magnat-reop.com
Press Relations
edicto GmbH
Axel Mühlhaus / Werner Rüppel
Phone: +49 (0) 69 905 50 55 2
E-Mail: amuehlhaus@edicto.de
03.11.2008 Financial News transmitted by DGAP
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Language: English
Issuer: MAGNAT Real Estate Opportunities GmbH & Co. KGaA
Grüneburgweg 18
60322 Frankfurt am Main
Deutschland
Phone: +49 (0)69 / 719 189 79 0
Fax: +49 (0)69 / 719 189 79 11
E-mail: info@magnat-reop.com
Internet: www.magnat-reop.com
ISIN: DE000A0J3CH0
WKN: A0J3CH
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Stuttgart
End of News DGAP News-Service
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