Chamartin Meermann Immobilien AG
Chamartín Meermann Immobilien sells office and retail building in Poznan
Chamartin Meermann Immobilien AG / Disposal 01.07.2010 15:44 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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@cmi-ag.de Dariusch Manssuri IR.on AG Phone.: +49 (0)221 91409 75 E-mail: dariusch.manssuri@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 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.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@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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