POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No11/2016
Date of issue:2016-04-30
Short name of the issuer
BUWOG AG
Subject
Ad Hoc Release - BUWOG AG expands its Property Development activities to Hamburg and acquires land site for a residential project with more than 1,000 units in Hamburg-Bergedorf
Official market - legal basis
Unofficial market - legal basis
Contents of the report:
BUWOG AG has signed the purchase agreement for a land plot of approx. 42,700 sqm in Hamburg-Bergedorf. In addition to Vienna and Berlin Hamburg thus becomes the company’s third long-term development foothold. The estimated total investment volume for this project amounts to approx. EUR 430 mn. BUWOG intends to build more than 1,000 residential units on the acquired site. BUWOG’s total investment pipeline increases to approx. EUR 2.5 investment volume.
Annexes
FileDescription
2016-04-30 PA-BUWOG AG adhoc release.pdfAd Hoc Release
BUWOG AG
(fullname of the issuer)
BUWOG AG
(short name of the issuer)(sector according to clasification of the WSE in Warsow)
1130Wiedeń
(post code)(city)
Hietzinger Kai131
(street)(number)
+43 1 87 828 12 05+43 1 87 828 52 05
(phone number)(fax)
[email protected]www.buwog.com
(e-mail)(web site)
ATU68290645
(NIP)(REGON)
SIGNATURE OF PERSONS REPRESENTING THE COMPANY
DateNamePosition / FunctionSignature
2016-04-30Mag. Daniel Riedl, FRICSCEO