ESTAVIS AG (FRA:E7S) ESTAVIS AG: ESTAVIS Acquires Residential Portfolio in Chemnitz

Directive transparence : information réglementée

26/09/2013 15:37
ESTAVIS AG / Key word(s): Real Estate 26.09.2013 15:37 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Berlin, 26 September 2013 - ESTAVIS just signed the sales contract for the acquisition of 160 residential units with a total residential floor area of 8,840 square metres in Chemnitz. The residential units are situated in a good location in the south-eastern part of town. The purchase price is more or less equivalent to eight times the going annual rent. The acquisition marks the second step of the company's ongoing expansion in Saxony that was initiated by acquiring a majority interest in the J2P Real Estate AG, and brings the residential portfolio of ESTAVIS up to 320 residential units. The acquired properties are to be redeveloped in order to boost future revenue and capital growth. The company intends to make further acquisitions in Saxony. - End of communiqué for immediate release - About ESTAVIS: Estavis AG is a listed property company focusing on residential real estate. The company selectively acquires residential portfolios with the intention of holding these assets long-term. Accentro, a subsidiary of Estavis and the Group's other mainstay, is the market leader in housing privatisation services in Germany. Estavis AG is headquartered in Berlin and is listed on the Prime Standard of the Frankfurt Stock Exchange (German Securities Code Number [WKN]: A0KFKB). Contact: ESTAVIS AG Investor & Public Relations Tel: + 49 30 887 181 799 E-mail: ir@estavis.de 26.09.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------