DGAP-Adhoc
BUWOG AG: BUWOG AG expands its Property Development activities to Hamburg and acquires land site for a residential project with more than 1,000 units in Hamburg-Bergedorf
BUWOG AG / Key word(s): Real Estate/Acquisition
30.04.2016 02:54
Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of
EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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- Land plot size approx. 42,700 sqm
- Estimated total investment volume of EUR 430 million for the project
BUWOG AG has signed on 30 April 2016 the purchase agreement for a land plot
of approx. 42,700 sqm in Hamburg-Bergedorf. In addition to Vienna and
Berlin Hamburg thus becomes the company's third long-term development
foothold. The estimated total investment volume for this project amounts to
approx. EUR 430 million. BUWOG intends to build more than 1,000 residential
units on the acquired site. BUWOG's total investment pipeline increases to
approx. EUR 2.5 billion investment volume.
About BUWOG Group
BUWOG Group, Hietzinger Kai 131, 1130 Vienna is the leading German-Austrian
full-service provider in the residential property business and now looks
back on 65 years of expertise. Its high-quality property portfolio
encompasses approximately 51,300 units and is distributed evenly throughout
Austria and Germany. In addition to asset management, the entire value
chain of the residential sector is covered by the sales and development
segments. The shares of BUWOG AG (ISIN AT00BUWOG001) have been listed on
the Frankfurt, Vienna (ATX) and Warsaw stock exchanges since the end of
April 2014.
For further information, please contact:
Media Inquiries Germany: Investor Relations:
Peter Dietze-Felberg Holger Lüth
RUECKERCONSULT BUWOG AG
T: +49 (0) 30 2844 987 - 62 T: +43 (0) 1 87828 1203
dietze@rueckerconsult.de investor@buwog.com
Media Inquiries Austria:
Thomas Brey
M&B PR, Marketing, Publikationen
T +43 (0) 1 233 01 23 15
M +43 676 542 39 09
brey@mb-pr.at
30.04.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: BUWOG AG
Hietzinger Kai 131
1130 Wien
Austria
Phone: +43 1 87 8281130
Fax: +43 1 87 8285299
E-mail: investor@buwog.com
Internet: www.buwog.com
ISIN: AT00BUWOG001
WKN: A1XDYU
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate
Exchange; Wien (Amtlicher Handel / Official Market)
End of Announcement DGAP News-Service
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- Estimated total investment volume of EUR 430 million for the project
BUWOG AG has signed on 30 April 2016 the purchase agreement for a land plot
of approx. 42,700 sqm in Hamburg-Bergedorf. In addition to Vienna and
Berlin Hamburg thus becomes the company's third long-term development
foothold. The estimated total investment volume for this project amounts to
approx. EUR 430 million. BUWOG intends to build more than 1,000 residential
units on the acquired site. BUWOG's total investment pipeline increases to
approx. EUR 2.5 billion investment volume.
About BUWOG Group
BUWOG Group, Hietzinger Kai 131, 1130 Vienna is the leading German-Austrian
full-service provider in the residential property business and now looks
back on 65 years of expertise. Its high-quality property portfolio
encompasses approximately 51,300 units and is distributed evenly throughout
Austria and Germany. In addition to asset management, the entire value
chain of the residential sector is covered by the sales and development
segments. The shares of BUWOG AG (ISIN AT00BUWOG001) have been listed on
the Frankfurt, Vienna (ATX) and Warsaw stock exchanges since the end of
April 2014.
For further information, please contact:
Media Inquiries Germany: Investor Relations:
Peter Dietze-Felberg Holger Lüth
RUECKERCONSULT BUWOG AG
T: +49 (0) 30 2844 987 - 62 T: +43 (0) 1 87828 1203
dietze@rueckerconsult.de investor@buwog.com
Media Inquiries Austria:
Thomas Brey
M&B PR, Marketing, Publikationen
T +43 (0) 1 233 01 23 15
M +43 676 542 39 09
brey@mb-pr.at
30.04.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: BUWOG AG
Hietzinger Kai 131
1130 Wien
Austria
Phone: +43 1 87 8281130
Fax: +43 1 87 8285299
E-mail: investor@buwog.com
Internet: www.buwog.com
ISIN: AT00BUWOG001
WKN: A1XDYU
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate
Exchange; Wien (Amtlicher Handel / Official Market)
End of Announcement DGAP News-Service
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