IVG board welcomes broader shareholder base (DE)

As a result of the disposal of 5% of shares each in IVG Immobilien AG, the banks Sal. Oppenheim and HSH Nordbank have reduced their holdings in the Bonn property group to 20.1% and 5.1% respectively.

"This transaction proves the rising interest of institutional investors in IVG Immobilien AG. We greatly welcome the rise in free float to 75% that this entails, along with the greater weighting in all relevant equity indices. This makes us an even more interesting investment for institutional investors in Germany and abroad," says Eckart John von Freyend, Chief Executive Officer of IVG Immobilien AG.

Both banks expressly substantiated their sustained interest in IVG. "To us, this stable shareholder base means continuity and planning security, and for the two banks, which are also represented on our Supervisory Board, this means a solid position at the Annual General Meeting," explains John von Freyend.

The broader shareholder base creates scope for the ongoing positive performance of IVG shares. In addition, the planned introduction of REIT legislation in Germany is bolstering interest in IVG shares.

IVG Immobilien AG is a European real estate investment company that manages €16 billion in its portfolio management, project development and investment fund business areas. Its investments focus on office and logistics real estate and business parks in Europe's key metropolises and growth centres. With an active buy-and-sell policy, IVG has been generating attractive yields and stable earnings for its shareholders for many years. In September 2005, Scope, the rating agency, rated IVG as the best issue house for closed-end property funds with an investment focus in Europe.

Source: IVG

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