DGAP-News
KWG Kommunale Wohnen AG: KWG signs Purchase Agreement for 2,908 residential and commercial units - Seite 2
fiscal year. For 2012e KWG plans with an FFO of EUR 2.4 mn. KWG expects to
increase its NAV per share by more than one Euro at first consolidation of
the portfolio. Accounting for its new acquisition KWG expects annual rental
income to increase from planned EUR 19.5 mn 2012e to EUR 32 mn in 2013e.
KWG has entered into binding agreements with regards to the financing of
the total purchase price. Debt financing will be provided at attractive
conditions by a German Landesbank. The same bank has also agreed to finance
planned refurbishment measures by means of a capex loan in the amount of
EUR 15 mn.
About KWG AG
KWG Kommunale Wohnen AG is a long-term oriented owner and operator of
German residential real estate units. The company acquires residential real
estate portfolios at attractive conditions in promising micro-locations of
metropolitan regions and German regional centres and sustainably increases
their value through an active real estate asset management. By
refurbishments to high energy efficiency standards incidental costs for
tenants are being lowered. KWG AG covers the complete value chain from
acquisitions to construction management and its own internal property
management. As a result vacancies are being reduced and income from net
cold rent is being increased. This leads to value enhancements of the
properties, above average Returns on Equity and profitability. KWG´s
portfolio comprises more than 6,800 units including units from BWAG´s
portfolio. KWG´s shares are listed in the Entry Standard of the Frankfurt
Stock Exchange.
Contact
KWG Kommunale Wohnen AG
Jan Hutterer
Head of IR/PR
Alstertor 9
20095 Hamburg
Germany
Tel.: +49/ 40/ 2263088-100
eMail: ir@kwg-ag.de
www.kwg-ag.de
End of Corporate News
20.12.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP´s 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: KWG Kommunale Wohnen AG
Alstertor 9
20095 Hamburg
Germany
Phone: 040 22 63 088 100
Fax: 040 22 63 088 200
E-mail: ir@kwg-ag.de
Internet: www.kwg-ag.de
ISIN: DE0005227342
WKN: 522734
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart; Open Market (Entry Standard) in
Frankfurt
End of News DGAP News-Service
197502 20.12.2012
KWG Kommunale Wohnen AG is a long-term oriented owner and operator of
German residential real estate units. The company acquires residential real
estate portfolios at attractive conditions in promising micro-locations of
metropolitan regions and German regional centres and sustainably increases
their value through an active real estate asset management. By
refurbishments to high energy efficiency standards incidental costs for
tenants are being lowered. KWG AG covers the complete value chain from
acquisitions to construction management and its own internal property
management. As a result vacancies are being reduced and income from net
cold rent is being increased. This leads to value enhancements of the
properties, above average Returns on Equity and profitability. KWG´s
portfolio comprises more than 6,800 units including units from BWAG´s
portfolio. KWG´s shares are listed in the Entry Standard of the Frankfurt
Stock Exchange.
Contact
KWG Kommunale Wohnen AG
Jan Hutterer
Head of IR/PR
Alstertor 9
20095 Hamburg
Germany
Tel.: +49/ 40/ 2263088-100
eMail: ir@kwg-ag.de
www.kwg-ag.de
End of Corporate News
20.12.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP´s 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: KWG Kommunale Wohnen AG
Alstertor 9
20095 Hamburg
Germany
Phone: 040 22 63 088 100
Fax: 040 22 63 088 200
E-mail: ir@kwg-ag.de
Internet: www.kwg-ag.de
ISIN: DE0005227342
WKN: 522734
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart; Open Market (Entry Standard) in
Frankfurt
End of News DGAP News-Service
197502 20.12.2012
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