Accentro Real Estate AG

M&A Activity • May 12, 2011

News Details

Ad-hoc | 12 May 2011 19:02

ESTAVIS AG strengthens commitment to property privatisation and ex-pands real estate portfolio

ESTAVIS AG / Key word(s): Acquisition

12.05.2011 19:02

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ESTAVIS AG strengthens commitment to property privatisation and expands
real estate portfolio
- ESTAVIS acquires property privatisation division and real estate
portfolio from Colonia Real Estate AG

Berlin, May 12, 2011 - ESTAVIS AG is acquiring the property privatisation
division of Colonia Real Estate AG along with its subsidiary Colonia
Residential Sales GmbH that holds various properties. The acquisition
allows ESTAVIS to extend its range of services, and to expand its portfolio
with properties that are suitable for privatisation. Both companies'
know-how supplements the existing spectrum of services and products. In
addition to the sale of apartments to capital investors and
owner-occupiers, ESTAVIS AG will also offer the sale of apartments to
tenants in the future.

The acquired division operates from Stuttgart under the name Accentro, and
is also active as a service provider for GSW AG and SüdWERT
Wohnungsprivatisierungsgesellschaft mbH. Moreover, the company draws on
extensive experience in practically all regions of Germany. Accentro has
already sold a total of 160 apartments since January 2011. In 2010 the
company sold almost 570 apartments. The sales value of Accentro's current
order book amounts to around EUR 350 million. Colonia Residential Sales
GmbH, Cologne, is a real estate portfolio company with properties in
Berlin, Landshut, Lingen and Wunstorf.

About ESTAVIS AG:
ESTAVIS offers the right solutions for institutional and private investors
in the field of residential property investments in Germany. This includes
the planning of new, or the optimisation of existing, individual or
portfolio investments, whether direct or indirect. In this process, the
entire value-added chain is oriented towards a successful exit - from
property assembly through optimisation to disposal. ESTAVIS's strength in
selling individual properties ranks as one of its key success factors and
competitive advantages. ESTAVIS AG is headquartered in Berlin and is listed
in the prime standard of the Frankfurt Stock Exchange (WKN / security
identification number: A0KFKB).

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

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Language: English
Company: 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, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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