Accentro Real Estate AG

M&A Activity • Nov 26, 2007

News Details

Corporate | 26 November 2007 08:30

ESTAVIS Group affiliate arranges sale of extensive property portfolio for EUR 58 million

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, November 26, 2007 – On behalf of private investors, Hamburgische
Immobilien Invest SUCV AG (Hamburgische AG) – an affiliate of ESTAVIS Group
– has successfully arranged the sale of an extensive property portfolio
amounting to EUR 58 million to an institutional investor from Germany. The
transaction includes several residential properties as well as office and
retail objects in central and partially exclusive locations in various
large German cities.

The transaction was executed by Hanseatischen Immobilien Börse HIB GmbH, a
wholly-owned subsidiary of Hamburgische AG. Upon appropriate execution of
the sales contract, it will receive a net brokerage fee amounting to more
than EUR 1 million, which will likely be recognized in the profit and loss
account for the ongoing second quarter of the financial year 2007/2008
(beginning: July 1, 2007).

From the perspective of the Executive Board, the transaction reflects the
significant potential for synergies within the affiliate group of ESTAVIS
AG. In this case, the contact to the seller was established by the parent
company, ESTAVIS AG.

About ESTAVIS AG
ESTAVIS AG (ISIN: DE000A0KFKB3) is a leading market marker between private
property vendors and institutional purchasers of property portfolios.
ESTAVIS purchases individual properties in line with precisely defined
criteria, bundles them into structured portfolios and then sells them
primarily ‘on demand’ to institutional investors from Germany and abroad.
ESTAVIS purchases the property with the help of a comprehensive network,
including over 500 experienced property brokers. Currently, around 4,000
residential and commercial units are sold within the scope of portfolio
transactions to institutional investors from Germany and abroad every
financial year.
Furthermore, with an expected volume of over 1,000 residential units sold
in the current financial year, the ESTAVIS Group is one of the leading
suppliers in the strongly growing market segment of residential
privatisation. ESTAVIS AG has significantly strengthened its activities in
this area with the take-over of B&V Bauträger- und Vertriebsgesellschaft
für Immobilien mbH in October 2007.
Financial funds of EUR 56 million (gross) accrued to ESTAVIS AG when it
went public on 2 April 2007 (Prime Standard, Frankfurt Stock Exchange).

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

26.11.2007 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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