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October 7, 2015

Mobimo plans to acquire a majority interest in Dual Real Estate Investment SA

EQS Group-Ad-hoc: Mobimo Holding AG / Key word(s): Miscellaneous

2015-10-07 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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P r e s s   r e l e a s e

Mobimo plans to acquire a majority interest in Dual Real Estate Investment
SA
* Mobimo signs a purchase agreement with the major shareholder under which
it will acquire some 73% of the shares in Dual Real Estate Investment SA
* Mobimo is establishing itself in Geneva and expanding its position in
French-speaking Switzerland
Lucerne, 6 October 2015 - Mobimo Holding AG ("Mobimo") signed an agreement
with Dual Holding SA, Fribourg, under which it is acquiring its majority
interest of some 73% in Dual Real Estate Investment SA ("Dual"). With this
acquisition, Mobimo is entering into the Geneva real estate market and thus
continuing to expand its position in French-speaking Switzerland.

Entry into the Geneva real estate market
Dual invests successfully in residential property and in mixed-use
properties in the low and medium rental brackets in the Canton of Geneva.
82% of its rental income comes from residential use, and its properties
have an estimated fair value of CHF 244 million. Dual's strategy focuses on
residential property with good scope for rent increases and on the
long-term preservation, management and continuous maintenance of the
properties that it lets. The Geneva real estate market features a very low
new-build rate relative to the demand for new apartments, which results in
a consistently high need for residential property. Dual is listed on the
Bern eXchange.

Expansion of activities in French-speaking Switzerland
Mobimo has successfully established itself in French-speaking Switzerland
since its merger with LO Holding Lausanne-Ouchy S.A. in 2009. The
acquisition of this shareholding adds 29 new properties in Geneva to its
portfolio.

Purchase will be funded from cash resources
The purchase price will be slightly around CHF 65 million. The closing of
the purchase agreement and definitive fixing of the purchase price will
depend on certain regulatory conditions. The acquisition is being financed
from cash holdings. Even after the purchase of the shareholding, Mobimo's
equity ratio will remain above the strategic minimum threshold of 40%.


For further information, contact:
Christoph Caviezel, Mobimo CEO 
Tel: +41 44 397 11 86
E-mail: ir@mobimo.ch


About Mobimo
Mobimo Holding AG was established in Lucerne in 1999 and has been listed on
the SIX Swiss Exchange since 2005. The Mobimo Group has an attractive
portfolio mix of investment properties that provide stable income and
development properties offering extensive value enhancement potential.
Investments are made in promising locations, primarily in the economic
areas of Zurich and Lausanne/Geneva, together with those of Basel,
Lucerne/Zug, Aarau and St. Gallen. With a total property portfolio of
around CHF 2.5 billion, Mobimo is one of the leading real estate companies
in Switzerland. The pipeline includes development properties for the
company's own portfolio with an investment volume of CHF 0.9 billion (as at
30 June 2015). Further information can be found at www.mobimo.ch.

About Dual Real Estate Investment AG  
Dual Real Estate Investment SA (DREI) was established in autumn 2012 and
has been listed on the Bern eXchange since 28 January 2013. Its portfolio
comprises mainly residential properties in the Canton of Geneva. The 29
properties were bought between 2003 and 2010 and represent an estimated
fair value of CHF 244 million (as at 31 December 2014). Further information
can be found at www.dreinvest.ch.

End of ad hoc announcement

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2015-10-07 News transmitted by EQS Schweiz AG. www.eqs.com - news
archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.

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