Colonia Real Estate AG / Miscellaneous
19.02.2007
Corporate news transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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CRE Fonds Management GmbH places first institutional fund product over Euro
57 million
Open-end real estate special fund acquires assets - Further placements
expected in 2007
Cologne, 19 th of February 2007 - Colonia Real Estate AG´s (ISIN
DE0006338007) subsidiary CRE Fonds Management GmbH successfully placed
today its first real estate product 'Care Invest 1' with a focus on
nursing homes and a volume of Euro 57 million to an open-end real estate
special fund. The diversified portfolio consists of six nursery homes in
the regions of Berlin, Kiel, Köln and Regensburg.
The parties agreed to keep the details of the transaction undisclosed.
The CRE Fonds Management GmbH plans further real estate fund products with
a focus on nursing homes and retail markets. Early stage talks with
distribution companies as well as banks are taking place currently.
'We discovered the market for nursing homes for us and placed successfully
our first product. We clearly intend to structure a second nursing homes
product', stated Mario Liebermann, Managing Director of CRE Fonds
Management.
About Colonia Real Estate AG
Colonia Real Estate AG (Reuters: KBUG.DE / Bloomberg: KBU GY) is a listed
real estate investment and management group focusing on the German market.
Its integrated business model consists of three synergistic cornerstones:
The Investment Division concentrates on high-yield residential property
portfolios held for the company's account and opportunistic co-investments
in commercial real estate together with prominent partners. Resolution GmbH
specializes in asset management for the Group as well as for complex
domestic real estate portfolios held by international investors, whom it
also advises on transactions. The focus is on yield optimization and
realizing appreciation potential. CRE Fonds Management GmbH's core business
is the conception, the marketing and the management of structured
investment products such as closed-end real estate funds for institutional
investors and private clients.
This announcement is made solely for information purposes and constitutes
neither an offer nor a solicitation to buy the convertible bonds mentioned
in this announcement or any other securities of Colonia Real Estate AG.
This news release contains forward looking statements based on current
assumptions and forecasts made by Colonia Real Estate AG management.
Various know and unknown risks, uncertainties and other factors could lead
to material differences between the actual future results, financial
situation, development or performance of the company and the estimates
given here. The company assumes no liability whatsoever to update these
forward-looking statements or to conform them to future events or
developments.
Contact:
Christoph D. Kauter
Head of Investor Relations
Colonia Real Estate AG
Zeppelinstr. 4-8
50667 Köln
Telefon: +49 (0)221 71 60 71 0
Fax: +49 (0) 221 71 60 71 99
E-Mail: ir@cre.ag
Sylvia Faber
Citigate Dewe Rogerson GmbH
Goethestraße 26-28
60313 Frankfurt am Main
Tel: 0049-69 90 500 - 100
Fax: 0049-69 90 500 - 101
E-Mail: sylvia.faber@citigatedr.de
DGAP 19.02.2007
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Language: English
Issuer: Colonia Real Estate AG
Zeppelinstr. 4 - 8
50667 Köln Deutschland
Phone: 0221-716071-0
Fax: 0221-716071-99
E-mail: info@cre.ag
WWW: www.cre.ag
ISIN: DE0006338007
WKN: 633800
Indices: SDAX, GPR 250, MSCI Germany Small Cap Index, FTSE EPRA/ NAREIT, E&G DIMAX
Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard),
Düsseldorf; Freiverkehr in Hamburg, München, Stuttgart
End of News DGAP News-Service
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