Accentro Real Estate AG

Share Issue/Capital Change • Jan 23, 2013

News Details

Corporate | 23 January 2013 08:42

ESTAVIS AG: ESTAVIS Keeps Expanding its Portfolio and Opts for New Capital Measures

ESTAVIS AG / Key word(s): Capital Increase/Real Estate

23.01.2013 / 08:42

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• Acquisition of 177 housing units in Bernau near Berlin
• Additional cash capital increase and increase in kind

Berlin, 23 January 2013 - ESTAVIS AG intends to acquire a residential
portfolio including 177 housing units in the town of Bernau near Berlin.
The properties are redeveloped and almost fully occupied, the vacancy rate
being around two percent. The purchase price equals approximately 10
million Euros, and will be settled within the framework of a capital
increase involving non-cash contributions in return for shares in the
company. 'With the acquisition of this excellent and almost fully occupied
portfolio, we continue the ongoing expansion of our residential portfolio.
The acquisition matches our strategy to invest in places where we can
generate positive cash-flows from the start,' said Andreas Lewandowski,
Member of the Board of ESTAVIS AG.

New Strategic Investors Gained

Moreover, ESTAVIS AG resolved to increase the company's share capital
within the framework of a capital increase by ten percent through cash
contributions while excluding the shareholders' subscription rights. Within
the framework of this capital increase, around 1.3 million shares will be
placed with selected investors. The capital increase is already fully
subscribed. The company will collect issuing proceeds totalling
approximately EUR 2.3 million in the process. 'We are pleased to say that
we were able to gain new investors for ESTAVIS AG. It goes to show that our
stock is attractive to investors, who are well aware of our growth
potential,' said Lewandowski.

About ESTAVIS:
ESTAVIS AG is a listed property company focusing on residential properties.
Using its purchasing network across Germany, ESTAVIS AG identifies property
portfolios with great value-add potential, and exploits its management
expertise to harness this potential in efficient ways. In addition to
regular cash flow from the property portfolios acquired, the performance of
ESTAVIS AG is driven by income from active apartment retailing. 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

End of Corporate News

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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 News DGAP News-Service

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