PATRIZIA Immobilien AG / Disposal/Miscellaneous
27.04.2010 07:55
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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Augsburg (Germany) - April 27, 2010. PATRIZIA Immobilien AG (ISIN
DE000PAT1AG3) has sold two residential facilities on the outskirts of
Munich with a total of 274 residential units. The purchase price of the
properties built in the 1980s came to EUR 42.1 million. The sale, to
contribute to sales revenue and be recognized in income in the second
quarter of 2010, was made to an institutional investor.
The largest block sale of the previous year comprised 194 units. In view of
the size of the portfolio just sold we are confident that the market for
real estate transactions will continue its recovery and that further block
sales will be concluded in fiscal year 2010.
Managing Board
Augsburg (Germany) - April 27, 2010
PATRIZIA Immobilien AG
PATRIZIA Bürohaus
Fuggerstrasse 26
86150 Augsburg
Germany
Listing: Frankfurt Official Market (Prime Standard)
ISIN: DE000PAT1AG3
SIN: PAT1AG
Contact:
Investor Relations
Margit Miller
Phone: +49 (0) 821 5 09 10-369
Fax: +49 (0) 821 5 09 10-399
investor.relations@patrizia.ag
Media Relations
Andreas Menke
Phone: +49 (0) 821 5 09 10-655
Fax: +49 (0) 821 5 09 10-695
presse@patrizia.ag
27.04.2010 07:55 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: PATRIZIA Immobilien AG
FuggerstraÃe 26
86150 Augsburg
Deutschland
Phone: +49 (0)821 - 509 10-000
Fax: +49 (0)821 - 509 10-999
E-mail: investor.relations@patrizia.ag
Internet: www.patrizia.ag
ISIN: DE000PAT1AG3
WKN: PAT1AG
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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DGAP-Adhoc: PATRIZIA Immobilien AG: PATRIZIA Immobilien AG notarizes a block sale of 274 apartments with a total volume of EUR 42.1 million
| Source: EQS Group AG