Accentro Real Estate AG

Regulatory Filings • Oct 28, 2014

News Details

Ad-hoc | 28 October 2014 18:34

ESTAVIS AG Completes Housing Portfolio Purchase

ESTAVIS AG / Key word(s): Real Estate

28.10.2014 18:34

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Berlin, 28 October 2014 - Today, ESTAVIS AG completed the acquisition of a
real estate portfolio with property holdings across Germany as announced in
early March 2014 by paying the purchase price. Extensive parts of the
existing portfolio were refinanced within the framework of this
transaction. The acquired portfolio has a fair market value of
approximately 190 million euros, and includes around 4,300 units with a
combined floor area of about 284,000 square metres. The annual net rent
total currently equals approximately 13.7 million euros. Around 3,300 units
thereof are earmarked for long-term ownership. The remaining units,
totaling roughly 1000, will be retailed as condominiums.

• End of communiqué for immediate release -

About ESTAVIS:

Estavis AG is a listed property company focusing on residential real
estate. The company selectively acquires residential portfolios with the
intention of holding these assets long-term. Accentro, a subsidiary of
Estavis and the Group's other mainstay, is the market leader in housing
privatisation services in Germany. Estavis AG is headquartered in Berlin
and is listed on the Prime Standard of the Frankfurt Stock Exchange (German
Securities Code Number [WKN]: A0KFKB).

Contact:
ESTAVIS AG - Investor & Public Relations - Tel: + 49 30 887 181 799 -
E-Mail: ir@estavis.de

28.10.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: ESTAVIS AG
Uhlandstr. 165
10719 Berlin
Germany
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
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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