BUWOG AG expects an approx. EUR 90 million fair value adjustment of standing investments for the second half-year 2017/18
Vienna, 12 April 2018BUWOG AG expects an approx. EUR 90 million fair value adjustment of standing investments for the second half-year 2017/18
BUWOG AG is currently having its standing investments valued by external appraiser CBRE and anticipates an adjustment in fair value of approx. EUR 90 million for the second half of 2017/18.
BUWOG, a listed residential property company operating in Germany and Austria, will publish the key figures for the 2017/18 financial year as scheduled on 28 August 2018.
About the BUWOG Group
The BUWOG Group is the leading German-Austrian full-service provider in the residential property business and now looks back on 67 years of expertise. Its property portfolio encompasses more than 48,800 units and is located in Germany and Austria. In addition to Asset Management, the entire value chain of the residential sector is covered by Property Sales and Property Development. The shares of BUWOG AG have been listed on the stock exchanges in Frankfurt am Main, Vienna (ATX) and Warsaw since the end of April 2014.
For further information, please contact: INVESTOR RELATIONS
Holger Lüth Head of Corporate Finance & Investor Relations Email: firstname.lastname@example.org T +43-1-878 28 1203
Jan-Hauke Jendrny BUWOG AG Email: email@example.com T: +49-30-338539 1873MEDIA INQUIRIES AUSTRIA
Thomas Brey BUWOG Press Office Austria c/o M&B PR, Marketing, Publikationen GmbH Email: firstname.lastname@example.org T: +43-1-233 01 23-15MEDIA INQUIRIES GERMANY Michael Divé BUWOG AG Email: email@example.com T: +49 1590 4621 993
12.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: BUWOG AG Hietzinger Kai 131 1130 Wien
Austria Phone: +43 1 87 8281130 Fax: +43 1 87 8285299 E-mail: firstname.lastname@example.org 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 News DGAP News Service