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.