Accentro Real Estate AG

Business and Financial Review • Nov 13, 2007

News Details

Corporate | 13 November 2007 16:41

ESTAVIS expands property and asset management activities

ESTAVIS AG / Miscellaneous

Announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

Berlin, November 13, 2007 – ESTAVIS AG, Berlin, is expanding its property
and asset management activities. From now onwards, the services in these
segments will not only be offered to portfolio investors of the ESTAVIS
Group but also in the framework of service mandates to third parties. The
Group´s activities in this segment will be focused in the newly founded
ESTAVIS Property Management GmbH, Halle. The company meanwhile comprises 22
employees and currently manages 2,700 units.

In the segment portfolio trading, ESTAVIS Group acts as a market maker
between private sellers of individual objects and the institutional
property market. Individual properties are acquired throughout Germany
according to the demands of institutional investors, refurbished if
necessary or put in a condition suitable for investment, and then assembled
into portfolios corresponding to investor requirements.

Among the buyers of these portfolios are institutional property investors
as well as financial investors who want to become active on the property
market. 'The buyers of our portfolios need a professional property and
asset management following the purchase. By offering these services, we
offer an added value far beyond the actual transaction,' said Rainer
Schorr, CEO of ESTAVIS AG.

About ESTAVIS AG
ESTAVIS AG (ISIN: DE000A0KFKB3) serves as leading German market maker
be-tween private sellers of individual properties and the institutional
real estate market. The company's portfolio trading operations involve the
assessment and purchase of individual properties throughout Germany, their
inclusion in on-demand structured portfolios and the subsequent sale to
international institutional investors. ESTAVIS acquires its properties
through a broad network, including more than 500 experienced brokers.
In addition, the ESTAVIS Group is one of the leading suppliers in the
apartment privatisation market with an expected volume of more than 1,000
single residential units sold in the current financial year. By acquiring
the B&V Bauträger- und Vertriebsgesellschaft für Immobilien mbH, Berlin in
October 2007, ESTAVIS AG has significantly strengthened its position in
this growing property market segment.

ESTAVIS AG shares were successfully listed on the Prime Standard of the
Frankfurt Stock Exchange on April 2, 2007. The company grossed Euro 56
million which will be used for the expansion of its business activities.

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

13.11.2007 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

---