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    DGAP-Adhoc  1467  0 Kommentare 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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    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. …