Mobimo Holding AG: Mobimo establishes a new business area and expands its Executive Board

Mobimo Holding AG  / Key word(s): Miscellaneous

05.05.2011 06:55

Release of an ad hoc announcement pursuant to Art. 72 KR
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M e d i a  R e l e a s e

Mobimo establishes a new business area and expands its Executive Board

Lucerne/Küsnacht, 5 May 2011 - Mobimo will expand its development
activities from the start of 2012 as part of its existing strategy. The
company will be adding the new business area 'Investments for
Third-Parties' to its current activities, namely the development and sale
of residential property and the development of its proprietary investment
portfolio. The new business area will enable Mobimo to provide development
services as well as ready-for-use real estate property to institutional
investors.

Due to the lack of investment opportunities in existing real estate
properties, many institu-tional investors are being driven into the
development of real estate. In general, these in-vestors do not have the
personnel or specialist resources for new construction or renova-tions of
real estate. Pension funds, life insurance companies and other real estate
investors prefer to invest in properties that have already been built and
rented. Mobimo will position itself as an independent partner for selected
investors, providing them with investment op-portunities. Mobimo will focus
on project development and will not act as a general contrac-tor.

The new business area will be headed by Thomas Stauber, who is also joining
the Executive Board of Mobimo. He will take up his new position on 1
November 2011. Thomas Stauber is currently the head of acquisition and
project development and member of the Executive Board at Allreal
Generalunternehmung AG. Mr Stauber, 46, has a degree in civil engineering
from the Swiss Federal Institute of Technology (ETH Zurich), with
post-graduate studies in product and business administration.



For enquiries please contact:
Mobimo Holding AG
Dr. Christoph Caviezel, CEO
+41 44 397 11 86
ir@mobimo.ch 


About Mobimo
Mobimo Holding AG was established in Lucerne in 1999 and has been listed on
the SIX Swiss Ex-change since 2005. The Mobimo Group has an attractive
portfolio mix of investment properties pro-viding stable income and
development properties offering extensive value enhancement potential.
Investments are targeted mainly in the promising locations of Zurich and
Lausanne/Geneva and in the economic regions of Basel, Lucerne/Zug, Aarau
and St. Gall. With a property portfolio that has an overall value of over
CHF 2.0 billion, Mobimo is one of the leading real estate companies in
Swit-zerland. The portfolio contains development properties with an
investment volume of more than CHF 1 billion up to 2015 (as at 31 December
2010).


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