DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Change
of Personnel/Miscellaneous
DEMIRE Deutsche Mittelstand Real Estate AG: DEMIRE's Executive Board to now
consist of two members
02.11.2016 / 08:29
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
DEMIRE's Executive Board to now consist of two members
- Executive Board contract of Mr. Markus Drews to be extended until the
end of 2020
- Mr. Patrick Kaiser appointed as new Executive Board member of Fair
Value REIT-AG
Frankfurt/Main, November 2, 2016 - Following Mr. Frank Schaich's
resignation, the Executive Board of DEMIRE Deutsche Mittelstand Real Estate
AG (ISIN: DE000A0XFSF0) ("DEMIRE") will consist of two board members.
DEMIRE's Supervisory Board plans to extend the Executive Board contract of
Mr. Markus Drews at the start of the year 2017 by a further three years
until the end of 2020. This will ensure the continuity of the Executive
Board.
Mr. Schaich will continue to be on the Executive Board of Fair Value REIT-
AG until March 31, 2017 to fully complete the integration process. Mr.
Patrick Kaiser, DEMIRE's long-time commercial director, has been appointed
as a further Executive Board member of the Fair Value REIT-AG subgroup. Mr.
Kaiser has been responsible for DEMIRE's finance department and, in recent
months, has contributed to the major reduction in administrative costs
through insourcing the finance department.
Andreas Steyer, CEO of DEMIRE and member of the Supervisory Board of Fair
Value REIT-AG in his comments on the changes said: "Our cooperation with
Frank Schaich was extremely successful within a very short time. Fair Value
REIT-AG is now almost completely integrated into DEMIRE. We therefore
greatly regret that Mr. Schaich has decided to resign from his positions on
both the DEMIRE and Fair Value REIT-AG Executive Boards but respect his
decision to pursue new challenges. With Patrick Kaiser, we have placed a
successful and experienced successor at our Fair Value REIT-AG subgroup who
will continue to responsibly execute its business model."
The Executive Board
Contact information
DEMIRE Deutsche Mittelstand Real Estate AG
Lyoner Straße 32
60528 Frankfurt am Main
Phone: +49 (0) 69-719 189 79 0
Fax: +49 (0) 69-719 189 79 11
Email: ir@demire.ag
Web: www.demire.ag
Investor Relations
GFEI Aktiengesellschaft
Lars Kuhnke
Phone: +49 (0) 511 47 40 23 10
Email: ir@demire.ag
_______________________________________
About DEMIRE - First in secondary locations
DEMIRE Deutsche Mittelstand Real Estate AG has commercial real estate
holdings in mid-sized cities and up and coming areas bordering German
metropolitan areas. As at June 30, 2016, DEMIRE held real estate consisting
of 178 properties with a market value of EUR 982 million. As at the
reporting date, contractual rents had been firmly agreed upon in the amount
of EUR 74.2 million (at an occupancy rate of 87.8 % of the potential rents
of EUR 84.5 million) for a term of 5.4 years.
DEMIRE aims to maintain its corporate organisation as lean as possible,
although it still believes that economies of scale and portfolio
optimisation are best achieved by having its own in-house asset, property
and facility management. This safeguards the Company's business expertise
and, equally important, allows the Company to maintain direct contact with
the customer.
DEMIRE Deutsche Mittelstand Real Estate AG shares (ISIN: DE000A0XFSF0) are
listed in the Prime Standard segment of the Deutsche Börse in Frankfurt.
---------------------------------------------------------------------------
02.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: DEMIRE Deutsche Mittelstand Real Estate AG
Lyoner Straße 32
60528 Frankfurt am Main
Germany
Phone: +49 (0)69 / 719 189 79 0
Fax: +49 (0)69 / 719 189 79 11
E-mail: ir@demire.ag
Internet: www.demire.ag
ISIN: DE000A0XFSF0
WKN: A0XFSF
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard);
Regulated Unofficial Market in Dusseldorf, Stuttgart,
Tradegate Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
516495 02.11.2016
DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG: DEMIRE's Executive Board to now consist of two members
| Source: EQS Group AG