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property for sale in umbria italy
News and Information Article
LUXEMBOURG, November 30 /-FirstCall/ -- Pursuant to the
exercise of 558,207 stock warrants, the conversion of 300 convertible bonds
(5.5 % - 2011), 186,369 additional shares have been issued and created.
(ISIN code LU0122624777)
The corporate capital is fixed at EUR 33,976,056.3 common shares
representing 8,286,843.
For additional information please visit: http://www.orcogroup.com or
contact:
Luxembourg
Luc Leroi
Tel : +352-26-47-67-47
lleroi@orcogroup.com
Prague
Ales Vobruba
Tel+42-02-21-416-311
av@orco.cz
Orco Property Group is a leading investor, developer and asset manager
in the Central European real estate and hospitality market, currently
managing assets of approximately EUR 1 billion as estimated at 30/06/2006.
Operating in Central Europe since 1991, Orco Property Group is a public
company, based in Luxembourg, and listed on both the Euronext and Prague
Stock Exchange. Orco Property Groups portfolio includes, IPB Real,
MaMaison Hotels & Apartments, Orco Real Estate, and other retail
properties. Orco Property Group operates in a number of countries
including, mainly, the Czech Republic, Hungary, Poland, Russia, Croatia,
Germany and Slovakia. Orco Property Group is continually analyzing
investment into new territories. Orco Property Group is also sponsor and
manager of the Endurance Real Estate Fund for Central Europe (The Endurance
Fund), a Luxembourg-regulated, closed-end umbrella fund whose total
subscribed capital represents EUR 141.6 million, and which currently
manages assets of approx. EUR 160 million. Estimated total value of the
Funds portfolio after investment of full subscribed capital is ca. EUR 500
million. The Endurance Fund is dedicated to institutional investors and
focuses on acquisitions in Central European real estate markets.
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