MAGNAT Real Estate AG: MAGNAT sells Romanian property at a profit of approx. EUR 0.9 million

MAGNAT Real Estate AG  / Key word(s): Real Estate/Disposal

01.03.2013 11:43

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Frankfurt am Main, March 1, 2013 - MAGNAT Real Estate AG ('MAGNAT', ISIN
DE000A0XFSF0) has signed a contract for the sale of the project in
Mogosoaia in Romania under a share deal. This transaction will result in a
positive impact on MAGNAT Group's earnings in accordance with IFRS. The
impact will be approximately EUR 0.9 million and will already become
effective in the Group's fourth quarter results of fiscal year 2012/2013
(January 1, 2013 to March 31, 2013). At the same time, this transaction
will lead to an approximate two million euro reduction in MAGNAT's

Through this sale, MAGNAT has succeeded in disposing one of its investments
at a favourable price and further reducing its debt, even in still very
challenging markets. Currently, MAGNAT is working intensively on further

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Language:     English
Company:      MAGNAT Real Estate AG
              Lyoner Straße 32
              60528 Frankfurt am Main
Phone:        +49 (0)69  / 719 189 79 0
Fax:          +49 (0)69  / 719 189 79 11
ISIN:         DE000A0XFSF0
WKN:          A0XFSF
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Stuttgart
End of Announcement                             DGAP News-Service