Vivacon AG
VIVACON AG acquires housing company with 1,367 residential units
Corporate news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Cologne, 3rd November 2006. VIVACON AG (ISIN 000604 8911) has acquired,
through a subsidiary, 94% of share capital of RWG Rendsburger
Wohnungsgesellschaft mbH. The company consists of 1,367 residential units
located in Schleswig Holstein and 12 employees. The total rentable area is
approximately 73,400 sqm. The investment resulted out of a foreclosure
proceedings of a private investor. The vacancy rate is approximately 20%.
Thus, the total residential units currently owned by VIVACON AG (only in
northern Germany) amount to some 2,900 units.
Lars Schriewer
Director Communication
Tel: + 49 221 / 1305621 631
Lars.Schriewer@vivacon.de
Sven Annutsch
Head Corporate Finance
Tel: + 49 221 / 1305621 630
Sven.Annutsch@vivacon.de
Vivacon AG
Bayenthalgürtel 4
50968 Köln
Fax: + 49 221 / 1305621 950
http://www.vivacon.de
(c)DGAP 03.11.2006
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Language: English
Issuer: Vivacon AG
Bayenthalgürtel 4
50968 Köln Deutschland
Phone: +49 (0)221 937 61 – 0
Fax: +49 (0)221 937 61 – 130
E-mail: ir@vivacon.de
WWW: www.vivacon.de
ISIN: DE0006048911
WKN: 604891
Indices: SDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Hamburg, München, Stuttgart
End of News DGAP News-Service
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