Holding(s) in Company

18 Dec 2008 18:26



18 December 2008

Speymill Deutsche Immobilien Company plc ("the Company")

Holding in Company

The Company was notified on 17 December 2008 that, as of 17 December 2008, QVT Financial LP, as investment manager for QVT Fund LP, Quintessence Fund LP and an account managed for Deutsche Bank AG London, was interested in an aggregate amount of 7,691,435 ordinary shares in the Company ("Ordinary Shares"), which is now below 3 per cent of the Company's issued share capital.

For more information, please visit www.sdic.co.im or contact:

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 (EPIC: SDIC.L). In May 2007, SDIC raised a further €250 million through a C share placing (EPIC: SDCC.L). 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 increasingly 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 Advisor, Goal Service GmbH, it identifies acquisition opportunities for the Company, which fit within its investment criteria.