MAGNAT Real Estate Opportunities GmbH & Co. KGaA / Disposal 02.10.2008 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Premature closing of forward sale of Ukrainian trophy investment 'Peremogi 67' - Attractive developer returns of well over 15% p.a. secured - The net asset value of MAGNAT thus rises to EUR 1.99 per share Frankfurt am Main, 2 October 2008 - MAGNAT Real Estate Opportunities GmbH & Co. KGaA (ISIN: DE000A0J3CH0) has - in accordance with the press release for the signing of 21 August 2008 - sold its share in the 'Prospect Peremogi 67' project in the Ukrainian capital Kiev in the course of a forward sale. The buyer is the renowned Austrian based AKRON GROUP ('AKRON'). The closing for this project has been signed prematurely. The transaction will be recognised after completion of the project in 2010. After completion MAGNAT reckons with a net profit from this investment in the high single-digit million range. Due to the contractual security of this transaction and to increase the transparency of the value of the portfolio, the net asset value of MAGNAT has been adjusted by the expected profit and thus increases to EUR 1.99 per share. Explanation: the 'Prospekt Peremogi 67' project encompasses the construction of a 'Class A' office and commercial building in Kiev with an effective area of approximately 30,000 square metres and about 360 parking spaces. Construction has already begun. The property is only 8 km from the centre of Kiev city and has an ideal transportation infrastructure due to being situated on an arterial road and in close proximity to an underground railway station. www.peremogiprospekt67.com About MAGNAT: MAGNAT is a German real estate company which focuses on real estate development in Eastern Europe supplemented by special situations in the home market of Germany. The management focuses on undervalued real estate markets and on markets with high macroeconomic growth. The strategy of MAGNAT is designed to exploit opportunistic inefficiencies. Unlike traditional investment strategies, MAGNAT profits not only from rental income, but also principally from attractive development returns. www.magnat-reop.com About AKRON: The AKRON Group was founded in 1995 by Günther Kloimüller and J. Christian Thalhammer. The real estate company acquires, develops and manages office buildings, logistics buildings and shopping centres. In addition, it successfully offers investments in real estate funds to institutional and wealthy private investors. Today, the Vienna based investment group operates in Germany, the Netherlands, Hungary, Poland, Ukraine, Russia and Croatia. The enterprise currently manages a real estate volume of 57 objects worth about EUR 1.2 billion and is presently developing real estate valued at EUR 600 million. www.akron-group.com MAGNAT Real Estate Opportunities GmbH & Co. KGaA Dominic Köfner, CIRO Head of Corporate Communications Phone: +49 (0)69 719 189 79 36 E-mail: dominic.koefner@magnat-reop.com Grüneburgweg 18 D-60322 Frankfurt am Main Press Relations edicto GmbH Axel Mühlhaus / Werner Rüppel Phone: +49 (0) 69 905 50 55 2 E-mail: amuehlhaus@edicto.de DGAP 02.10.2008 --------------------------------------------------------------------------- Language: English Issuer: MAGNAT Real Estate Opportunities GmbH & Co. KGaA Grüneburgweg 18 60322 Frankfurt am Main Deutschland Phone: +49 (0)69 / 719 189 79 0 Fax: +49 (0)69 / 719 189 79 11 E-mail: info@magnat-reop.com Internet: www.magnat-reop.com ISIN: DE000A0J3CH0 WKN: A0J3CH Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: MAGNAT Real Estate Opportunities GmbH & Co. KGaA: Premature closing of forward sale of Ukrainian trophy investment 'Peremogi 67'
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