Home News DGAP-News: MAGNAT Real Estate Opportunities GmbH & Co. KGaA: MAGNAT reports again...

DGAP-News: MAGNAT Real Estate Opportunities GmbH & Co. KGaA: MAGNAT reports again a successful real estate transaction in Vienna

129
0

Release of a Corporate News, transmitted by DGAP – a company of EquityStory AG. For the content of Communication is the issuer / publisher responsible.
—————————————————————————
MAGNAT reports again a successful real estate transaction in Vienna
– Transaction ‘Widerhofergasse’ with 4,500 sqm floor space quickly
profitably
– The sale helps clear the operative Earnings in the third
Quarter,
– Successful transaction confirms the high Synergy potential from the
Integration of the Asset Manager R-SQUARED
Frankfurt, 18 January 2010 – The MAGNAT Real Estate Opportunities GmbH & Co. KGaA (ISIN: DE000A0XFSF0) can successfully Real estate transaction to the underlying real estate project in Vienna Widerhofergasse ‘ . Report The transaction volume amounts to around EUR 10 Million. About details of the sale with the buyer was tacitly agreed.
Within a short time the transaction was ‘Are implemented Widerhofergasse’ with around 4,500 square meters. The apartment house is located in the very good residential area of the 9th District of Vienna.
This very successful transaction clearly demonstrates the synergy from the integration of the asset manager R-SQUARED. The interaction of Asset management and portfolio management is already running in this early stage smoothly.
Jan Oliver Ruester, CEO of MAGNAT, comments: ‘After the November 2009 a very profitable sale of our Turkey investment could realize, I am pleased once again a profitable Report a transaction. The transaction ‘Widerhofergasse’, the was processed quickly and with a gratifying Yield is connected, shows very clearly that we are strategically and are operationally well positioned. The integration of the R-SQUARE was the right Step and is therefore committed to its shareholders and MAGNAT sustainable value leverage. "
About MAGNAT:
The MAGNAT Real Estate Opportunities GmbH & Co. KGaA is the first Frankfurt-listed property company with a focus on real estate development in Eastern Europe, Austrian and German conurbations.
Were made with the integration of the R-SQUARE Real Estate Limited has The MAGNAT an integrated property group further. The company covers the entire value chain from Acquisition on the development up to the sale of Projects and land from. In addition, the Group offers the Daughter of R-SQUARE Real Estate Asset Management GmbH to third parties.
The strategy of MAGNAT is designed to inefficiencies in To use real estate markets. In contrast to the traditional ‘buy &
Hold ‘approach MAGNAT while a’ Develop & Sell ‘or ‘Buy &
Sell’ approach with a focus on real estate development, complemented by portfolio trading.
MAGNAT-investors to participate in development yields Eastern Europe, Southeast Europe, the Commonwealth of Independent States (CIS) as well as in Germany and Austria.
www.magnat-reop.com
Contact
MAGNAT Real Estate Opportunities GmbH & Co. KGaA
Dominic Köfner, CIRO
Head of Corporate Communications
Tel: +49 (0) 69 719 189 79 36
E-mail: @ dominic.koefner magnat-reop.com
Grüneburgweg 18
60322 Frankfurt am Main
Press Relations
edicto GmbH
Axel Mühlhaus / Werner Rueppel
Tel: +49 (0) 69 905 50 55 2
E-mail: amuehlhaus@edicto.de
18.01.2010 Ad-hoc news, financial news and Press releases transmitted by DGAP. Media archive at http://www.dgap-medientreff.de and http://www.dgap.de