DGAP-News: Chamartín Meermann Immobilien sells office and retail building in Poznan
(firmenpresse) - Chamartin Meermann Immobilien AG / Disposal
01.07.2010 15:45
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THE INFORMATION CONTAINED IN THIS DOCUMENT IS NEITHER FOR PUBLICATION NOR
CIRCULATION IN OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR
JAPAN.
Chamartín Meermann Immobilien sells office and retail building in Poznan
- Nowe Garbary Office Center with 8,000 sqm rental space
- Sold to institutional investor
- Project revenue will be used to expand business
Berlin, 1 July 2010 - Chamartín Meermann Immobilien AG (CMI AG) has sold
the Nowe Garbary Office Center in Poznan, Poland, to an institutional
investor. The attractive office and retail building with around 8,000 sqm
rental space is situated on a 3,260 sqm site in the historical centre of
Poznan. The international exhibition city is well located halfway between
Berlin and Warsaw.
CMI AG already announced the sale of 6,000 sqm office space on the site of
the old Kaiserin Augusta hospital in Berlin Mitte in April 2010. The
company therefore achieved sales in the medium two-digit million euro range
in the second quarter from these two medium-sized projects alone. On the
level of CMI AG's subsidiaries involved, project revenue totalled almost
EUR 8 million. After consolidating all investment and development
activities of Chamartín Group in CMI AG, all project revenues and resulting
cash and cash equivalents will go completely to CMI AG. There is no cash
pooling for equalisation of liquidity with CMI AG's majority shareholder,
Inmobiliaria Chamartín S.A. Proceeds will be used to expand the Company's
business.
'The project in Poznan was extremely successful. We will continue to look
for opportunities in this location in the future. However, our core
business and the main focus of our project pipeline is and will be Berlin,
especially 'Neue Berliner Mitte' around the government quarters,' says
Ralph Küchenthal, member of the Management Board of CMI AG.
About Chamartín Meermann Immobilien AG:
Chamartín Meermann Immobilien AG (CMI AG) is the largest project developer
in Berlin. The company operates across the residential, office, commercial
and hotel segments and has a project volume of around EUR 600 million. It
focuses on creating highly attractive living spaces at premium locations in
'Neue Berlin-Mitte'. Working only to highest of quality standards, the
company creates true value for any location as well as its stakeholders by
drawing on expertise, creativity and attention to detail. It concentrates
on refurbishing exclusive historical buildings, new construction projects
in first-class locations and developing city quarters with unique
qualities. The independent group emerged from a cooperation with the
Spanish real estate group Inmobiliaria Chamartín S.A. and has a wealth of
know-how in project development spanning more than 30 years at its
disposal. Additional information is available at: www.cmi-ag.de.
Contact:
Barbara Lipka
Head of Communications
Chamartín Meermann Immobilien AG
Phone: +49 (0)30 308775 150
E-mail: barbara.lipka(at)cmi-ag.de
Dariusch Manssuri
IR.on AG
Phone.: +49 (0)221 91409 75
E-mail: dariusch.manssuri(at)ir-on.com
The offer described in this announcement does not constitute an offer to
buy or subscribe for securities to any person in Australia, Canada, Japan,
or the United States or in any jurisdiction to whom or in which such offer
or solicitation is unlawful. The securities referred to herein may not be
offered or sold in the United States absent registration under the U.S.
Securities Act of 1933, as amended (the 'Securities Act') or another
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act. Subject to certain exceptions, the
securities referred to herein may not be offered or sold in Australia,
Canada or Japan or to, or for the account or benefit of, any national,
resident or citizen of Australia, Canada or Japan.
The offer and sale of the securities referred to herein has not been and
will not be registered under the Securities Act or under the applicable
securities laws of Australia, Canada or Japan. There will be no public
offer of the securities in the United States.
This press release only serves advertisement purposes and does not
constitute a securities prospectus.Investors should not purchase or
subscribe for any shares referred to in this press release except on the
basis of the information in the securities prospectus issued by Chamartín
Meermann Immobilien AG (the 'Company') in connection with the offering of
such shares and approved by the German Financial Supervisory Authority
(BaFin). Copies of the prospectus are available free of charge from
Chamartín Meermann Immobilien AG (SpreeKarree, Friedrichstraße 136, 10117
Berlin, Germany) or on the Company's website (www.cmi-ag.de).
This announcement includes 'forward-looking statements', which are based on
evaluations and assumptions made to the best knowledge by the management of
Chamartín Meermann Immobilien AG. Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors, which may lead to
a considerable discrepancy of the earning and profit situation, value
development or the results of Chamartín Meermann Immobilien AG from the
earning and profit situation, value development or the result, which is
expressly and implicitly described in these forward-looking statements.
Considering the risks, uncertainties as well as the other factors,
recipients of this press release should not inadequately rely on these
forward-looking statements. Chamartín Immobilien AG does not take any
obligation to currently adjust such forward-looking statements and to
adjust them to future events and developments.
01.07.2010 15:45 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Chamartin Meermann Immobilien AG
Friedrichstr. 136
10117 Berlin
Deutschland
Phone: +49 (0)30 308 775 305
Fax: +49 (0)30 308 775 399
E-mail: info(at)cmi-ag.de
Internet: www.chamartin.de
ISIN: DE000A1EMFF1
WKN: A1EMFF
Listed: Regulierter Markt in Frankfurt (Prime Standard)
Notierung vorgesehen / intended to be listed
End of News DGAP News-Service
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Datum: 01.07.2010 - 15:45 Uhr
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