CR Capital AG

Business and Financial Review • Oct 23, 2009

News Details

Corporate | 23 October 2009 06:20

CR Capital sells city villa to an african central bank

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.

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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

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