DIWO Direct Wonen

RNS Number:0056X
Direct Wonen N.V.
22 May 2007



The Hague, 22 May 2007



PRESS RELEASE


DIRECT WONEN SIGNS NEW BUILD PROPERTY SALES CONTRACT WITH VOLKER WESSELS


Direct Wonen (AIM, DIWO) a leading residential property lettings agent in The
Netherlands also active in new build property sales and as a financial services
intermediary, today announces that it has signed a significant contract with
Volker Wessels Vastgoed B.V. (V.W.V.), part of Royal Volker Wessels Stevin, a
leading Dutch construction and real estate development company.



This contract is for sales of a residential development in the city of Tilburg,
The Netherlands, comprising 317 units, of which 180 will be apartments (with 180
parking spaces) and 137 will be family houses on the HaVeP-site along the
Southern City Ring, opposite the Willem II soccer stadium.



The estimated total sales value of the 317 units is approximately Euro69 million.

Direct Wonen will be the sales agent for all 317 units and has guaranteed the
sale of all 180 apartments and one third (45) of the family houses. The
development should be completed by mid 2009 and sales will start in 2007 with
pricing in the range of 170.000 and Euro250.000 per unit.



Richard Westerhuis, Chief Strategy Officer and responsible for Direct Wonen's
real estate business, said: "We are pleased to have signed this contract with
V.W.V. The housing market in the Tilburg area shows strong demand for the kind
of apartments and houses that will be built on the HaVeP-site. We are confident
that we will be able to sell the vast majority of the units even before they are
completed.



Dietmar Werner, Managing Director Volker Wessels Vastgoed said: We are delighted
to be working jointly with Direct Wonen on this prestigious project. Direct
Wonen has an impressive track record in new build housing sales projects where
on average they sold 75% of the units before the start of the construction
phase.'



For more information please contact:


Direct Wonen                                  Tel +31(0)70-304 2691
Irma de Jong                                  i.dejong@directwonen.nl
www.directwonencorporate.com

Hill and Knowlton Nederland                   Tel +31(0)20-404 4707
Edwin van Wijk                                evwijk@hillandknowlton.com
www.hillandknowlton.nl

Buchanan Communications                       Tel +44 (0)20 74 66 5000
Richard Darby                                 richardd@buchanan.uk.com
www.buchanan.uk.com






About Direct Wonen



Direct Wonen is a non traditional intermediary in real estate and financial
services.



The Direct Wonen group of companies operates three complementary business lines:

-   private residential property lettings
-   new build property sales
-   acting as a financial services intermediary



All three business lines utilize Direct Wonen's database of individuals looking
for housing, landlords and property developers. In 2006 www.directwonen.nl had a
total of approximately 700.000 registered users and approximately 2.4 million
unique visitors. The Direct Wonen group of companies has a network of 26
regional offices.



Direct Wonen was formed in 1990 and has been listed on the Alternative
Investment Market (AIM) of the London Stock Exchange since 1 May 2007.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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