Last checked at 26 Oct 2009 07:00
26 October 2009
Speymill Deutsche Immobilien Company plc
("SDIC" or "the Company")
Availability of Annual Accounts
Speymill Deutsche Immobilien Company plc (SDIC.L), the pan-German residential property investment company listed on AIM, announces that copies of its annual report and accounts for the year ended 30 June 2009 have been posted to shareholders and are available on the Company's website, http://www.speymilldeutsche.com.
For more information, please visit http://www.speymilldeutsche.com or contact:
| Speymill Property Group Limited | +44 1624 640 860 |
| (Manager) |
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| Nigel Caine |
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| Floris van Dijkum |
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| Smith & Williamson Corporate Finance Limited | +44 20 7131 4000 |
| (Nominated Adviser) |
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| Azhic Basirov |
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| Siobhan Sergeant |
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| Fairfax I.S. PLC | +44 20 7598 5368 |
| (Brokers) |
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| James King |
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| Andrew Cox |
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| Tavistock Communications Limited | +44 20 7920 3150 |
| (Media & Investor Relations) |
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| Jeremy Carey |
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| Simon Hudson |
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| Gemma Bradley |
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Notes to Editors:
Speymill Deutsche Immobilien Company plc is a pan-German residential property investment company, which listed on the AIM market of the London Stock Exchange in March 2006, raising £170 million. In May 2007, SDIC raised a further €250 million through a C share placing. The Euro denominated fund aims to provide investors with an attractive level of income together with the prospect for long-term capital growth.
The German residential market is viewed as attractive to investors due to a number of factors including rising German economic activity and productivity, and the availability of assets at below replacement cost. Acquired properties should, through active management, also have the potential for increased rental rates and accordingly improved capital values and increased yield.
Speymill Property Group Limited is the appointed Manager of SDIC and, in conjunction with the Investment Adviser, Goal service GmbH, it identifies acquisition opportunities for the Company, which fit within its investment criteria.