MAGNAT Real Estate Opportunities GmbH & Co. KGaA:Conversion into joint stock corporation (AG) ‘MAGNAT Real Estate AG’ implemented

MAGNAT Real Estate Opportunities GmbH & Co. KGaA  / Key word(s): Miscellaneous

17.09.2010 14:36
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Conversion into joint stock corporation (AG) '
MAGNAT Real Estate AG' implemented


Frankfurt am Main, 17 September 2010 - Filing in the commercial register
today signifies conversion of publicly listed real estate company MAGNAT
from the legal structure of a GmbH & Co. KGaA to that of a joint stock
corporation. MAGNAT now operates as MAGNAT Real Estate AG (ISIN
DE000A0XFSF0). A resolution was passed to convert MAGNAT to a joint stock
corporation at the company's annual shareholders' meeting on 29 October
2009. In the course of the conversion, it was necessary to reapply for
admission to list the shares of the company for trading on the Frankfurt
Securities Exchange. To that end, a prospectus has been drawn up by the
company, which is available on the website of MAGNAT (www.magnat-reop.com).
The prospectus was approved by the German Financial Supervisory Authority
(BaFin) on 16 September 2010. All 13,894,651 shares of MAGNAT Real Estate
AG were approved for trading on the Frankfurt Securities Exchange in the
regulated market (General Standard) by resolution of Deutsche Börse AG of
17 September 2010. Trading of the shares of MAGNAT Real Estate AG will
begin on Monday 20 September 2010 under the former ISIN and securities
number of MAGNAT Real Estate Opportunities GmbH & Co. KGaA. Trading of
MAGNAT share will not take place in the period between this Friday at 12 pm
and Monday 20 September 2010 for technical reasons.

CEO of MAGNAT Jan Oliver Rüster: 'I am pleased that we are now a joint
stock corporation. As a joint stock corporation, stronger interest will be
displayed in MAGNAT, in particular by institutional investors.'


About MAGNAT:
MAGNAT Real Estate AG is the first publicly traded real estate company in
Frankfurt to focus on real estate development in Eastern European, Austrian
and German metropolitan areas.

MAGNAT has evolved into an integrated real estate group. The company covers
the entire value chain - from acquisition across development through to the
sale of projects and land. In addition, the Group provides real estate
asset management for third parties in particular via its subsidiaries
MAGNAT Asset Management GmbH and MAGNAT Asset Management Deutschland GmbH.

The strategy of MAGNAT is designed to exploit inefficiencies in real estate
markets. Unlike the traditional 'Buy & Hold' approach, MAGNAT takes a
'Develop & Sell' or 'Buy & Sell' approach, which focuses on real estate
development supplemented by portfolio trading.

MAGNAT investors participate in development returns in Eastern Europe,
South-Eastern Europe, the Commonwealth of Independent States (CIS) as well
as in Germany and Austria.


CONTACT:

MAGNAT Real Estate AG
Lyoner Strasse 32
D-60528 Frankfurt am Main
Tel.: +49 (0) 69 719 189 79 0
Email: info@magnat-reop.com
www.magnat-reop.com

Press Relations
edicto GmbH
Axel Mühlhaus/Werner Rüppel
Tel.: +49 (0) 69 905 50 55 2
Email: amuehlhaus@edicto.de


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Language:     English
Company:      MAGNAT Real Estate Opportunities GmbH & Co. KGaA
              Lyoner Straße 32
              60528 Frankfurt am Main
              Deutschland
Phone:        +49 (0)69  / 719 189 79 0
Fax:          +49 (0)69  / 719 189 79 11
E-mail:       info@magnat-reop.com
Internet:     www.magnat-reop.com
ISIN:         DE000A0XFSF0
WKN:          A0XFSF
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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