Accentro-AG-Immobilien-Unternehmen-News
18 12 2007

ESTAVIS AG sells further property portfolio for EUR 37 million

Berlin, 18 December 2007 - ESTAVIS AG (ISIN: DE000A0KFKB3) has today sold a major property portfolio for approximately EUR 37 million to an institutional investor.

The portfolio has been assembled and structured 'on-demand' based on pre-defined investor criteria. It includes 725 residential and commercial units with a total space of 50,635 square metres. The buildings are primarily located in Berlin, Halle and Wilhelmshaven.

The transaction will be recognised to a large extent in the financial statements for the second quarter of the financial year 2007/2008. Further portfolio transactions are currently being prepared.

Contact:
ESTAVIS AG - Peter Vogt - Investor & Public Relations
Tel: + 49 (0)30 887 181 799
email: ir(at)estavis.de
Internet: www.estavis.de