Madison Property AG
Madison Group acquires Shang De
Madison Property AG / Key word(s): Acquisition/Mergers & Acquisitions 24.04.2012 / 09:43 --------------------------------------------------------------------- Madison Group acquires Shang De Berlin/Frankfurt, April 24, 2012 - Madison Property AG recently acquired 70 % of the shares of Zibo Shang De Properties Company Limited ('Shang De'). As the majority shareholder of Shang De, Madison also adds a large piece of building land in a top location of Zibo City in the Chinese province Shandong to its development portfolio. The property of approximately 7,500 sqm is located in the immediate neighbourhood of the government sector and a large shopping mall with good ancillary facilities. Madison plans to develop office buildings and shops with a total area of approximately 20,000 sqm. With the acquisition of Shang De, Madison takes the opportunity to strengthen its position within the field of commercial real estate development. 'We are pleased about the acquisition of Shang De and the associated business opportunities this includes for our company. We expect a considerable return from this new project', says Qingtong Tian, CEO of Madison Property AG. About Madison Property AG Madison Property AG is a German stock corporation under the laws of Germany with its legal seat in Berlin. It is the holding company of Madison Property Group Limited, which operates as a large-scale property developer with its local subsidiaries in China, mainly in the Shandong Province and the municipality of Chongqing. Founded in 1998, Madison already completed and successfully sold 17 projects/project phases. It is focused mainly on residential properties with high quality and travel as well as leisure properties. Madison is recognised as a Class I property developer by the People's Republic of China Ministry of Housing and Urban-Rural Development and can therefore undertake projects nationwide without limitation on the construction scale. For further information please contact: Kirchhoff Consult AG Sebastian Bucher T: +49 40 60 91 86 18 F: +49 40 60 91 86 60 E-Mail: sebastian.bucher@kirchhoff.de or visit www.madison-property.com Disclaimer This publication constitutes neither an offer to sell nor a solicitation to buy securities of Madison Property AG. This document is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States. The shares of Madison Property AG (the 'Shares') have not been registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act') and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. There will be no public offering of the Shares in the United States and the Shares will not be registered under the Securities Act. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as 'relevant persons'). The Shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. End of Corporate News --------------------------------------------------------------------- 24.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 166287 24.04.2012
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