BUWOG AG expects an approx. EUR 90 million fair value adjustment of standing investments for the second half-year 2017/18

Vienna, 12 April 2018

BUWOG AG expects an approx. EUR 90 million fair value adjustment of standing investments for the second half-year 2017/18

BUWOG AG is currently having its standing investments valued by external appraiser CBRE and anticipates an adjustment in fair value of approx. EUR 90 million for the second half of 2017/18.

BUWOG, a listed residential property company operating in Germany and Austria, will publish the key figures for the 2017/18 financial year as scheduled on 28 August 2018.

About the BUWOG Group

The BUWOG Group is the leading German-Austrian full-service provider in the residential property business and now looks back on 67 years of expertise. Its property portfolio encompasses more than 48,800 units and is located in Germany and Austria. In addition to Asset Management, the entire value chain of the residential sector is covered by Property Sales and Property Development. The shares of BUWOG AG have been listed on the stock exchanges in Frankfurt am Main, Vienna (ATX) and Warsaw since the end of April 2014.

 

For further information, please contact:

INVESTOR RELATIONS

Holger Lüth
Head of Corporate Finance & Investor Relations
Email: investor@buwog.com
T +43-1-878 28 1203

Jan-Hauke Jendrny
BUWOG AG
Email: investor@buwog.com
T: +49-30-338539 1873

MEDIA INQUIRIES AUSTRIA

Thomas Brey
BUWOG Press Office Austria
c/o M&B PR, Marketing, Publikationen GmbH
Email: brey@mb-pr.at
T: +43-1-233 01 23-15

MEDIA INQUIRIES GERMANY

Michael Divé
BUWOG AG
Email: michael.dive@buwog.com
T: +49 1590 4621 993