Accentro Real Estate AG

M&A Activity • Sep 28, 2012

News Details

Ad-hoc | 28 September 2012 14:02

ESTAVIS AG: ESTAVIS AG purchases residential property portfolio in Berlin for EUR 110m

ESTAVIS AG / Key word(s): Contract/Real Estate

28.09.2012 14:02

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Berlin, 27. September 2012 - ESTAVIS AG has signed a contract with an
investment company for the purchase of a portfolio comprised of some 3,100
residential units in the Hohenschönhausen district of Berlin. The purchase
price of approx. EUR 110 million is roughly 12 times current rental income.

With this transaction, Estavis is taking another major step to implement
its strategy of building a high-return portfolio of investment properties.
Because these properties are already largely rented out, they generate
positive cash flow from day one. 'We're delivering as promised and are very
proud that we have been able to put into action our strategy of building a
cash flow positive portfolio - in this case, right here in Berlin,' says
ESTAVIS Managing Director Andreas Lewandowski with satisfaction. With
market rates for new rentals significantly above the rents being paid by
existing tenants, there is additional opportunity for incremental income
and thus value growth.

About ESTAVIS:
ESTAVIS AG is a listed property company focusing on residential properties.
Through its purchasing network, which extends throughout Germany, ESTAVIS
AG identifies property portfolios with great value-added potential and uses
its management expertise to harness this potential efficiently. In addition
to the regular cash flows generated from its real estate holdings, ESTAVIS
delivers investment returns through gains on tenant privatisations. ESTAVIS
AG is headquartered in Berlin and is listed on the Prime Standard of the
Frankfurt Stock Exchange (ISIN: DE000A0KFKB3 / WKN: A0KFKB).

Contact:

ESTAVIS AG
Investor & Public Relations
phone: + 49 30 887 181 799
e-mail: ir@estavis.de

Stockheim Media GmbH
Dr. Hubert Becker
phone: + 49 221 420 75 24
e-mail: hb@stockheim-media.com

28.09.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: ESTAVIS AG
Uhlandstr. 165
10719 Berlin
Germany
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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