S IMMO AG

EANS-Adhoc: S IMMO AG
S IMMO intends to sell part of its German residential portfolio

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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Strategic management decisions
03.06.2016


S IMMO intends to sell part of its German residential portfolio
 
The Management Board and Supervisory Board of S IMMO AG have today decided in
principle to sell part of the German residential portfolio of S IMMO Group by
means of a structured sales process with a selected group of prospective
purchasers. The portfolio intended to be sold consists of properties in Berlin
and Hamburg with approximately 1,500 units, accounting for slightly more than
20% of S IMMO's portfolio in Germany. The company expects a positive
contribution to earnings as a result of the intended sale.


Further inquiry note:
Investor Relations:
Andreas J. Feuerstein
Tel.: +43(0)50 100-27556
Fax:  +43(0)50 100 9-27556
E-Mail: andreas.feuerstein@simmoag.at
www.simmoag.at 

Corporate Communications:
Elisabeth Wagerer
Tel.: +43(0)50 100-27867
Fax:  +43(0)50 100 9-27867
E-Mail: Elisabeth.Wagerer@simmoag.at
www.simmoag.at

end of announcement                               euro adhoc 
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issuer:      S IMMO AG 
             Friedrichstraße  10
             A-1010 Wien
phone:       +43(0)50100-27550
FAX:         +43(0)050100-927559
mail:     office@simmoag.at
WWW:      www.simmoag.at
sector:      Real Estate
ISIN:        AT0000652250
indexes:     ATX Prime, IATX
stockmarkets: official market: Wien 
language:   English
 

Original-Content von: S IMMO AG, übermittelt durch news aktuell

Weitere Meldungen: S IMMO AG

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