DGAP-News: PATRIZIA Immobilien AG: PATRIZIA Increases Sales
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PATRIZIA Immobilien AG: PATRIZIA Increases Sales
30.09.2011 / 07:13
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PATRIZIA Immobilien AG: PATRIZIA Increases Sales
- In block sales, deeds signed for 154 units in the 3rd quarter
- Residential property resale grows significantly
- Further investments in fund business
Augsburg, September 30, 2011. PATRIZIA Immobilien AG (ISIN DE000PAT1AG3)
has signed deeds for 154 apartment block sales in the current quarter.
These consisted of 5 small transactions in Munich and Friedrichshafen with
10 and 58 units respectively accounting for a total of 12,400 sqm. The
sales volume amounts to EUR 30.4 million. In addition, there was a block
sale of 20 units (1,650 sqm) with a sales volume of EUR 4.1 million that
was already announced in the supplementary report for the reporting period
for the first half of 2011.
The block sales mentioned come from investment property and are therefore
not included in the sales figures. EUR 26.1 million of the proceeds from
the sales are likely to be recognized as profit/loss in the current 3rd
quarter (119 units) with the remaining EUR 8.4 million being recognized in
the 4th quarter (55 units). The average sales price per square meter
attained in these transactions was EUR 2,458 (1st half year 2011: EUR
1,592/sqm).
In residential property resale a total of 166 units with a volume of EUR
32.2 million were sold to tenants, owner-occupiers and private investors in
July and August. The sales figures for the 2nd quarter of 2011 (161 units)
were exceeded after only two months (January-August: 459 units). The
average sales price realized in residential property resale was EUR
2,535/sqm in July and August (1st half year 2011: EUR 2,295/sqm). As a
result of the new properties released for sale in April 2011, the
proportion of tenants among the purchasers increased to 29% - after only 9%
in the 2nd quarter of 2011.
Negotiations concerning significant block sales are currently at an
advanced stage so that further transactions will be completed in the 2011
fiscal year. The high level of notarial deed activity is continuing in the
field of residential property resale. In addition, in the 3rd quarter of
2011 PATRIZIA will see an inflow of EUR 2.1 million in purchase commissions
from investments made in funds. The increased momentum of business activity
underpins our continued confidence of being able to achieve the forecast
EBT adjusted result of EUR 16-17 million by the end of the year.
The Managing Board
Augsburg, September 30, 2011
PATRIZIA Immobilien AG
PATRIZIA Bürohaus
Fuggerstrasse 26
86150 Augsburg
Germany
Listing: Frankfurt Official Market (Prime Standard)
ISIN: DE000PAT1AG3
SIN: PAT1AG
Contact
Investor Relations
Margit Miller
Tel: +49(0)821 509 10-369
investor.relations(at)patrizia.ag
Presse
Andreas Menke
Tel: +49(0)821 509 10-655
presse(at)patrizia.ag
End of Corporate News
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Language: English
Company: PATRIZIA Immobilien AG
Fuggerstraße 26
86150 Augsburg
Germany
Phone: +49 (0)821 - 509 10-000
Fax: +49 (0)821 - 509 10-999
E-mail: investor.relations(at)patrizia.ag
Internet: www.patrizia.ag
ISIN: DE000PAT1AG3
WKN: PAT1AG
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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140853 30.09.2011
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Datum: 30.09.2011 - 07:13 Uhr
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News-ID 70776
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