Press Releases from MAGNAT Real Estate AG (8 total)
MAGNAT sharpens focus on commercial properties in Germany
- Sale of co-proprietor’s building schemes in Vienna results in positive effect on earnings
- Consolidated liabilities down by around EUR 2.8 million
- Substantial costs savings achieved as early as the current fiscal year
Frankfurt am Main, June 14, 2013 – MAGNAT Real Estate AG („MAGNAT“, ISIN DE000A0XFSF0) today announced that the last residential units of its remaining co-proprietor’s building schemes in Vienna and the asset management of co-proprietor’s building schemes that were already placed…
MAGNAT achieves Group net income of EUR 12.9 million in financial year 2011/12
Frankfurt am Main, August 23, 2012 – MAGNAT Real Estate AG’s („MAGNAT“, ISIN DE000A0XFSF0) results for financial year 2011/12 were largely impacted by an accounting change. Based on the examination of the accounting as per March 31, 2010 by the German Financial Reporting Enforcement Panel (Deutsche Prüfstelle für Rechnungslegung, DPR), the consolidated financial statements for financial years 2009/2010 and 2010/2011 were adjusted retrospectively concerning the integration of the R-QUADRAT Group.…
Publication of MAGNAT's interim report for the first quarter of fiscal year 2012 …
Frankfurt am Main, August 13, 2012 - As reported in an Ad-hoc statement on June 6, 2012, MAGNAT Real Estate AG ('MAGNAT', ISIN DE000A0XFSF0) is restating the acquisition of R-Quadrat Group. As reported on July 30, 2012, the publication of the financial statements for financial year 2011/2012 (as per March 31, 2012) and accordingly also the annual report for financial year 2011/2012 will be delayed due to the high complexity…
Publication of MAGNAT's financial statements for fiscal year 2011/2012 to be del …
Frankfurt am Main, July 30, 2012 - As reported in an ad hoc statement on June 6, 2012, MAGNAT Real Estate AG ('MAGNAT', ISIN DE000A0XFSF0) is restating the acquisition of R-Quadrat Group. The high complexity of the restatement will lead to a delay of a few days in the publication of the financial statements for financial year 2011/2012 (as per March 31, 2012) and accordingly also the annual report.
About MAGNAT…
MAGNAT Real Estate AG with significant impairments of the portfolio in financial …
– The economic conditions in the target region Eastern Europe have significantly
deteriorated due to the exacerbating economic crisis in the eurozone
– Examination of financial statements as at March 31, 2010 requires a change in the accounting for the acquisition of R-Quadrat
Frankfurt am Main, June 6, 2012 – In its financial statements for financial year 2011/2012 (as per March 31, 2012), MAGNAT Real Estate AG („MAGNAT”, ISIN DE000A0XFSF0) once again…
MAGNAT acquires the assets of the co-investor R-QUADRAT Capital Beta GmbH
MAGNAT Real Estate AG („MAGNAT“, ISIN DE000A0XFSF0) is announcing that it has entered into an agreement to acquire all assets of its co-investor R-QUADRAT Capital Beta GmbH („RQCB"). The agreement primarily covers the minority interest that RQCB has held in some of MAGNAT’s projects. In 2011, as reported earlier, an insolvency proceeding against the assets of RQCB was initiated according to Austrian Insolvency Code. Today’s agreement was reached between MAGNAT…
MAGNAT concludes Schwarzenberg project
Frankfurt am Main, December 14, 2011 – MAGNAT Real Estate AG („MAGNAT“, ISIN DE000A0XFSF0) announces the conclusion of the legal dispute concerning the Schwarzenberg project. MAGNAT has received a settlement payment of EUR 2.65 million as of today. The settlement that has been achieved will result in a positive earnings contribution of EUR 2.65 million in the third quarter (as of December 31, 2011) of the current 2011/2012 fiscal year.
Background:…
MAGNAT publishes half-year results
- Sales programme will be implemented
- Half-year result affected by special factors
- Earnings relief for the second half of the year expected
- Yet overall business environment remains extremely demanding
- Gaining liquidity remains management's focus
Frankfurt am Main, 30 November 2011 - Today, MAGNAT Real Estate AG ('MAGNAT', ISIN DE000A0XFSF0) are presenting their half-year report (April through September) and the second quarter report (July through September) for the 2011/2012 financial year.
Currently, the…
