Accentro Real Estate AG

Business and Financial Review • Jul 1, 2008

News Details

Corporate | 1 July 2008 17:35

ESTAVIS AG Expands its Capacities for Apartment Sales

ESTAVIS AG / Miscellaneous

Release 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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Berlin, July 1, 2008 – ESTAVIS AG (ISIN: DE000A0KFKB3) signed exclusive
sales contracts with two of Germany’s leading sales organisations for
apartment sales. The step is designed to expand the company’s existing
sales capacities in this segment, and to do so on a major scale. In 2007,
these two sales organisations retailed more than 1,000 apartments to
private investors.

The exclusive collaboration will enable ESTAVIS to substantially expand the
basis for dynamic growth in the area of apartment retailing to private
investors. Even today, with about 850 apartments retailed in the concluded
2007/2008 financial year alone, ESTAVIS Group counts among the leading
providers in this market segment in Germany. Having said this, it needs to
be remembered that B&V Group joined the consolidation area of the ESTAVIS
Group as recently as November 1, 2007.

During the coming financial years, ESTAVIS expects a major increase in
sales volume. In this context, the company will benefit in particular from
the high interest of private investors in custom solutions for real
estate-based pension schemes ('property pension plan') and in lavishly
redeveloped historic real estate with attractive tax depreciation options.

Rainer Schorr, CEO of ESTAVIS, elaborated: 'We expect that the
homeownership will gain increasing importance as capital investment and as
pension provision. The drastic expansion of our sales capacities has helped
us to position ourselves in the most favourable way to meet the growing
demand for apartments.'

About ESTAVIS AG
ESTAVIS AG is a listed company headquartered in Berlin, Germany. Activities
focus on the business areas of portfolio trading, apartment sales to
private investors, property development and management. The portfolio
trading line has made the company one of Germany's leading 'market makers,'
mediating between private property sellers and institutional buyers of
property portfolios. ESTAVIS approaches the acquisition of individual
property with a set of pre-defined criteria, pooling them into structured
portfolios and selling these 'on-demand' to institutional investors inside
and outside Germany. For the identification of opportunities, ESTAVIS
relies on an extensive network including more than 500 experienced
realtors, among other professionals.
On top of that, its track record of around 850 apartments sold during the
2007/2008 financial year makes ESTAVIS Group one of the leading providers
in the fast-growing market segment of private property-based investments.
With the takeover of B&V Bauträger- und Vertriebsgesellschaft für
Immobilien mbH in October 2007, ESTAVIS AG has clearly consolidated its the
activities of in this segment.

Since April 2007, ESTAVIS AG has been listed in the Prime Standard of the
Frankfurt stock exchange (ISIN: DE000A0KFKB3).

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

01.07.2008 Financial News transmitted by DGAP

Language: English
Issuer: ESTAVIS AG
Uhlandstr. 165
10719 Berlin
Deutschland
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, München, Stuttgart

End of News DGAP News-Service

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